Real Estate Investing in Miami, Florida (33193)
Should you buy in 33193 (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 (33193)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33193 Miami
This part of Miami-Dade County is not an easy win. The 33193 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $2,504/mo on a $445K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33193 sits below the stated 0.0% once reality is priced in.
Regionally, 33193 sits on the difficult end of the FL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 46,519 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.
The 33193 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:
Property Strategy for 33193
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $208,908 | $2,150 | 7.4% | +7.9% | $208,908 |
| 2BR | $267,276 | $2,620 | 7.1% | +8.3% | $133,638 |
| 3BR | $505,435 | $3,360 | 4.8% | +8.8% | $168,478 |
| 4BR | $683,314 | $3,890 | 4.1% | +9.9% | $170,829 |
| 5BR | $819,942 | — | — | +10.5% | $163,988 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33193 Compare?
| Metric | 33193 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $444,790 | $620,201 | N/A | $374,697 |
| 5-Year CAGR | 7.4% | 8.0% | N/A | 7.4% |
| Avg Rent | $2,504 | $2,882 | N/A | - |
| Cap Rate | 4.4% | 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 33193 (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 | $444,790 |
| Monthly Rent | $2,504 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +7.6% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.4%). 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 33193
Population: 46,519
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 33193
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
JANE S. ROBERTS K-8 CENTER
BIOTECH@RICHMOND HEIGHTS 9-12 HIGH SCHOOL
DR. MANUEL C. BARREIRO ELEMENTARY SCHOOL
ACADEMIR CHARTER SCHOOL WEST
LAMAR LOUISE CURRY MIDDLE 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 6,474 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Miami, FL?
In Miami, FL the median home value sits at $445K. Against the broader FL market, that reads as reasonable for most investors.
Is Miami, FL better for rentals, flips, or BRRRR?
Miami, FL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($445K prices, $2,504/mo rents) make it a reasonable choice.
How do landlord-tenant laws work in Miami, FL?
FL ranks as a landlord-friendly state for landlord-tenant law. Miami generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of market is Miami, FL for investors?
Investors tracking Miami, FL will find a 3.0/5 rating supported by $445K median home values and $2,504/mo rents. That profile suits long-term holders targeting steady returns.
Is Miami, FL a good market for FHA house hackers?
Miami, FL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $445K price point reasonable to enter.
See what 33193 really looks like for investors
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