Real Estate Investing in Miami, Florida (33135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33135 (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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Lower household income: $35,185 median — tenant affordability is tighter.
What’s happening in Miami, FL (33135)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33135 Miami
The 33135 ZIP in Miami, FL is a local-operator market. Outside capital chasing a $532K entry has to pair deep knowledge with the discount.
The 33135 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 33135 and stronger Miami ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From an investor standpoint, 35,053 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 33135 is an operator game, not a passive one. In practical terms, entry prices of $532K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Miami:
Property Strategy for 33135
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $210,301 | $1,830 | 6.3% | +8.0% | $210,301 |
| 2BR | $347,865 | $2,240 | 4.6% | +8.4% | $173,933 |
| 3BR | $644,477 | $2,870 | 3.2% | +10.0% | $214,826 |
| 4BR | $798,200 | $3,320 | 3.0% | +10.4% | $199,550 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33135 Compare?
| Metric | 33135 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $531,790 | $623,076 | N/A | $374,697 |
| 5-Year CAGR | 7.3% | 7.1% | N/A | 7.4% |
| Avg Rent | $2,051 | $2,887 | N/A | - |
| Cap Rate | 3.0% | 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 33135 (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 | $531,790 |
| Monthly Rent | $2,051 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 33135
Population: 35,053
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 33135
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
FRANCIS S.TUCKER K-8 CENTER
PHYLLIS WHEATLEY ELEMENTARY SCHOOL
ADA MERRITT K-8 CENTER
COCONUT GROVE ELEMENTARY SCHOOL
GEORGE W. CARVER 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
Frequently Asked Questions
How tight is the rental market in Miami, FL?
Miami, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are rental rates like in Miami, FL?
Expect rents around $2,051/mo per month in Miami, FL. With home values at $532K, the yield math works out to reasonable levels for rental investors.
Are tenants stable in Miami, FL?
The renter base in Miami, FL is reasonable for the $2,051/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Miami, FL a friendly market for rental owners?
Landlord-friendliness in Miami, FL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do home prices stand in Miami, FL?
Homes in Miami, FL typically sell near $532K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
You know 33135 now. You don’t know where it ranks.
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How 33135 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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