Real Estate Investing in Miami Beach, Florida (33141)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33141 (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: 23.1% of homes vacant — above national norms.
What’s happening in Miami Beach, FL (33141)?
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Market Analysis: 33141 Miami Beach
The 33141 ZIP covers a section of Miami Beach that demands careful diligence. Prices near $429K look accessible, but the work to make a deal cash flow is real.
The 33141 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 practical terms, 33141 offers a low basis, the region around Miami Beach has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Put differently, 36,016 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.
Strategically, 33141 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Miami Beach:
Property Strategy for 33141
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $264,217 | $2,380 | 6.5% | +4.2% | $264,217 |
| 2BR | $470,745 | $2,910 | 4.5% | +7.1% | $235,372 |
| 3BR | $1,244,560 | $3,730 | 2.2% | +10.7% | $414,853 |
| 4BR | $2,411,034 | $4,320 | 1.3% | +13.3% | $602,759 |
| 5BR | $5,483,243 | — | — | +14.7% | $1,096,649 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33141 Compare?
| Metric | 33141 | Miami Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $429,204 | $2,073,820 | N/A | $374,697 |
| 5-Year CAGR | 4.6% | 6.2% | N/A | 7.4% |
| Avg Rent | $2,504 | $2,875 | N/A | - |
| Cap Rate | 4.6% | 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 33141 (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 | $429,204 |
| Monthly Rent | $2,504 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +3.2% ▲ |
🏠 Rent Trends
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +5.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 33141
Population: 36,016
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 33141
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MORNINGSIDE K-8 ACADEMY
MIAMI SHORES ELEMENTARY SCHOOL
PHYLLIS R. MILLER ELEMENTARY SCHOOL
NORTH BEACH ELEMENTARY SCHOOL
RUTH K. BROAD BAY HARBOR K-8 CENTER
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
Should investors consider Miami Beach, FL?
The 3.0/5 investability rating in Miami Beach, FL reflects its $429K prices and $2,504/mo rents. Investors generally consider it a solid option within FL.
Should investors worry about vacancy in Miami Beach, FL?
Miami Beach, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
How do landlord-tenant laws work in Miami Beach, FL?
FL ranks as a landlord-friendly state for landlord-tenant law. Miami Beach generally follows the statewide framework, so landlords face reasonable operating rules.
What does house hacking look like in Miami Beach, FL?
The a challenging house-hack environment in Miami Beach, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Where do rents currently stand in Miami Beach, FL?
Investors in Miami Beach, FL typically see rents near $2,504/mo per month against $429K home values - a solid setup for rental cash flow.
You know 33141 now. You don’t know where it ranks.
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How 33141 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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