Real Estate Investing in Miami, Florida (33132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33132 (Miami, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.3% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.3% in the last year.
What’s happening in Miami, FL (33132)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33132 Miami
The 33132 ZIP covers a section of Miami that demands careful diligence. Prices near $515K look accessible, but the work to make a deal cash flow is real.
The investment case in 33132 is robust only for operators who understand what they are buying. A $515K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Looking more closely, 33132 offers a low basis, the region around Miami has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 33132 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Miami:
Property Strategy for 33132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $414,933 | $2,900 | 5.0% | +6.7% | $414,933 |
| 2BR | $656,524 | $3,540 | 3.9% | +7.2% | $328,262 |
| 3BR | $1,263,285 | $4,540 | 2.6% | +6.8% | $421,095 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33132 Compare?
| Metric | 33132 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $514,716 | $623,076 | N/A | $374,697 |
| 5-Year CAGR | 4.1% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,468 | $2,887 | N/A | - |
| Cap Rate | 5.3% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33132 (Miami, FL). Anonymous, moderated, never written by AI.
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Property managers serving Miami-Dade County
Manage rentals here? List your business →Cadisa Inc. specializes in delivering reliable, hands-on property management solutions for condominium associations, commercial buildings, and multifamily communities across South Florida, with a focu summary from their website
Florida Property Management Strategies is a boutique community association management firm serving select communities in Miami, built on responsiveness and supported by systems for smooth community op summary from their website
Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $514,716 |
| Monthly Rent | $3,468 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | -4.3% ▼ |
| 3-Year CAGR | -3.6% ▼ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +1.2% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33132
Population: 18,244
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33132
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PHYLLIS WHEATLEY ELEMENTARY SCHOOL
ADA MERRITT K-8 CENTER
DESIGN & ARCHITECTURE SENIOR HIGH
MIAMI BEACH FEINBERG/FISHER K-8
MIAMI BEACH SOUTH POINTE ELEMENTARY SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,269 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Miami, FL?
Miami, FL carries elevated vacancy risk. Expect reliable absorption at market rents of $3,468/mo.
Are landlord laws favorable in Miami, FL?
FL law landlord-friendly for landlords, and Miami inherits those rules. Investors should still review local ordinances for rental licensing.
How much do tenants pay in Miami, FL?
Rental rates in Miami, FL average $3,468/mo. Tenant demand and $515K home values make the yield look reasonable by investor standards.
How qualified is the tenant pool in Miami, FL?
Miami, FL offers a stable renter base at the $3,468/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Miami, FL a good place for real estate investing?
Miami, FL scores 3.0/5 for investability. Home values sit at $515K and rents near $3,468/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 33132 now. You don’t know where it ranks.
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How 33132 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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