Real Estate Investing in Miami, Florida (33137)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33137 (Miami, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.7% of homes vacant — above national norms.
What’s happening in Miami, FL (33137)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33137 Miami
The 33137 ZIP covers a section of Miami that demands careful diligence. Prices near $682K look accessible, but the work to make a deal cash flow is real.
The 33137 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader FL picture, 33137 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 33137 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 33137, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Miami:
Property Strategy for 33137
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $422,121 | $2,860 | 4.9% | +7.7% | $422,121 |
| 2BR | $678,962 | $3,490 | 3.7% | +9.6% | $339,481 |
| 3BR | $1,260,352 | $4,480 | 2.6% | +9.8% | $420,117 |
| 4BR | $2,387,869 | $5,180 | 1.6% | +9.8% | $596,967 |
| 5BR | $4,319,861 | — | — | +15.3% | $863,972 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33137 Compare?
| Metric | 33137 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $682,165 | $623,076 | N/A | $374,697 |
| 5-Year CAGR | 6.8% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,560 | $2,887 | N/A | - |
| Cap Rate | 4.1% | 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 33137 (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 | $682,165 |
| Monthly Rent | $3,560 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 33137
Population: 27,300
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 33137
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ENEIDA M. HARTNER ELEMENTARY SCHOOL
LENORA BRAYNON SMITH ELEMENTARY
MORNINGSIDE K-8 ACADEMY
PAUL LAURENCE DUNBAR K-8 CENTER
PHYLLIS WHEATLEY 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 3,319 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Miami, FL?
Miami, FL rentals go for roughly $3,560/mo a month. That puts gross yield in solid territory relative to $682K acquisition costs.
How quickly do rentals get leased in Miami, FL?
Vacancy risk in Miami, FL is elevated. That supports steady cash flow for typical rental holds.
Is Miami, FL a good market for buy-and-hold investors?
Investors tracking Miami, FL will find a 3.0/5 rating supported by $682K median home values and $3,560/mo rents. That profile suits long-term holders targeting even-keeled returns.
Is Miami, FL good for house hacking?
The house hack math a challenging in Miami, FL. Owner-occupant buyers benefit from the $3,560/mo rents and $682K home values.
Are tenants stable in Miami, FL?
Working renters make up the core of the Miami, FL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 33137 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33137 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33137 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
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