Real Estate Investing in Miami Beach, Florida (33139)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33139 (Miami Beach, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 33.7% of homes vacant — above national norms.
What’s happening in Miami Beach, FL (33139)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33139 Miami Beach
Not every below-median market is a bargain. Miami Beach's 33139 ZIP comes in at signals that favor experienced operators who can absorb the risk $471K pricing implies.
The investment case in 33139 is impressive only for operators who understand what they are buying. A $471K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 33139 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 33139 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 33139 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Miami Beach:
Property Strategy for 33139
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $337,055 | $2,960 | 6.3% | +3.4% | $337,055 |
| 2BR | $881,202 | $3,610 | 2.9% | +7.3% | $440,601 |
| 3BR | $3,053,547 | $4,630 | 1.1% | +7.3% | $1,017,849 |
| 4BR | $5,525,172 | $5,350 | 0.7% | +8.4% | $1,381,293 |
| 5BR | $10,943,497 | — | — | +11.8% | $2,188,699 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33139 Compare?
| Metric | 33139 | Miami Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $471,015 | $2,073,820 | N/A | $374,697 |
| 5-Year CAGR | 3.5% | 6.2% | N/A | 7.4% |
| Avg Rent | $2,928 | $2,875 | N/A | - |
| Cap Rate | 4.9% | 3.5% | - | - |
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 33139 (Miami Beach, 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 | $471,015 |
| Monthly Rent | $2,928 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +1.6% ▲ |
🏠 Rent Trends
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +7.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 33139
Population: 34,406
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 33139
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DESIGN & ARCHITECTURE SENIOR HIGH
NEW WORLD SCHOOL OF THE ARTS
TOUSSAINT L'OUVERTURE ELEMENTARY
NORTH BEACH ELEMENTARY SCHOOL
I PREPARATORY ACADEMY
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
Does a duplex house hack pencil in Miami Beach, FL?
For house hackers, Miami Beach, FL is a challenging. The $2,928/mo rent on a unit helps defray the mortgage on a $471K property.
How strong is the working-renter base in Miami Beach, FL?
The renter base in Miami Beach, FL is reasonable for the $2,928/mo price point. Screening well and pricing to market typically yields reliable tenants.
What are rental rates like in Miami Beach, FL?
Rental rates in Miami Beach, FL average $2,928/mo. Tenant demand and $471K home values make the yield look reasonable by investor standards.
Which investment style suits Miami Beach, FL?
A careful cash-flow rentals with hands-on management strategy Miami Beach, FL best. The market produces stable results for that approach at the $471K price point.
What is the average home sale price in Miami Beach, FL?
Typical homes in Miami Beach, FL go for around $471K. The 5-year CAGR of 0.0% measured price movement.
You know 33139 now. You don’t know where it ranks.
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How 33139 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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