Real Estate Investing in Miami Beach, Florida (33140)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33140 (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: 47.3% of homes vacant — above national norms.
What’s happening in Miami Beach, FL (33140)?
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Market Analysis: 33140 Miami Beach
The 33140 ZIP in Miami Beach, FL is a local-operator market. Outside capital chasing a $685K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $685K asset, 33140 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 33140 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A solid renter share of 43% in 33140 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. robust returns are possible in 33140, 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 Beach:
Property Strategy for 33140
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $406,473 | $2,520 | 4.5% | +4.7% | $406,473 |
| 2BR | $647,028 | $3,080 | 3.4% | +5.3% | $323,514 |
| 3BR | $2,065,366 | $3,950 | 1.4% | +10.7% | $688,455 |
| 4BR | $3,036,865 | $4,570 | 1.1% | +12.2% | $759,216 |
| 5BR | $5,629,709 | — | — | +12.4% | $1,125,942 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33140 Compare?
| Metric | 33140 | Miami Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $684,558 | $2,073,820 | N/A | $374,697 |
| 5-Year CAGR | 4.0% | 6.2% | N/A | 7.4% |
| Avg Rent | $3,694 | $2,875 | N/A | - |
| Cap Rate | 4.2% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33140 (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 | $684,558 |
| Monthly Rent | $3,694 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +2.1% ▲ |
🏠 Rent Trends
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 33140
Population: 19,455
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 33140
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
TREASURE ISLAND ELEMENTARY SCHOOL
BISCAYNE BEACH ELEMENTARY SCHOOL
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 3,319 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Miami Beach, FL real estate?
A careful cash-flow rentals with hands-on management strategy Miami Beach, FL best. The market produces predictable results for that approach at the $685K price point.
How does Miami Beach, FL rate as a rental market?
With a 3.0/5 investability score, Miami Beach, FL ranks as a solid market for rental property investors. Median prices of $685K and rents of $3,694/mo drive the underlying numbers.
Are tenants stable in Miami Beach, FL?
Tenant quality in Miami Beach, FL ranks as solid. Landlords generally report even-keeled occupancy at market rents of $3,694/mo.
What does house hacking look like in Miami Beach, FL?
House hacking in Miami Beach, FL is a challenging. With home values around $685K and rents at $3,694/mo, owner-occupants can offset a meaningful share of PITI.
Is Miami Beach, FL a friendly market for rental owners?
FL ranks as a landlord-friendly state for landlord-tenant law. Miami Beach generally follows the statewide framework, so landlords face reasonable operating rules.
You know 33140 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33140 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 33140 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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