Real Estate Investing in Miami, Florida (33187)
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Should you buy in 33187 (Miami, FL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Miami, FL (33187)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33187 Miami
ZIP 33187 in Miami, FL carries a resilient set of headwinds. Home values near $721K and rents of $3,674/mo sit inside a market where underwriting has to be tight.
In practical terms, the numbers look inviting — $721K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33187 is substantial and deserves full respect.
Statewide comparisons place 33187 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 33187 ZIP's population of 18,575 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The right play in 33187 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Miami:
Property Strategy for 33187
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $473,092 | $3,070 | 4.7% | +13.1% | $236,546 |
| 3BR | $636,031 | $3,940 | 4.5% | +10.4% | $212,010 |
| 4BR | $757,603 | $4,550 | 4.3% | +10.5% | $189,401 |
| 5BR | $966,958 | — | — | +11.6% | $193,392 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33187 Compare?
| Metric | 33187 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $720,811 | $623,076 | N/A | $374,697 |
| 5-Year CAGR | 7.6% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,674 | $2,887 | N/A | - |
| Cap Rate | 4.0% | 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 33187 (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 | $720,811 |
| Monthly Rent | $3,674 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 33187
Population: 18,575
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
🎓 Nearby Colleges & Universities
Investor Insight: With 688 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Miami, FL?
Expect median prices around $721K in Miami, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Does a duplex house hack pencil in Miami, FL?
House hacking in Miami, FL is a challenging. With home values around $721K and rents at $3,674/mo, owner-occupants can offset a meaningful share of PITI.
Are renters plentiful in Miami, FL?
Tenant quality in Miami, FL ranks as solid. Landlords generally report even-keeled occupancy at market rents of $3,674/mo.
What is the investability score for Miami, FL?
Our data puts Miami, FL at 3.0/5 for investability. Home prices of $721K and rents around $3,674/mo create a solid backdrop for investor activity.
Is rental property easy to operate in Miami, FL?
Rental owners in Miami, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 33187 now. You don’t know where it ranks.
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How 33187 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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