FY2027 Small Area FMR · Miami, FL
ZIP 33132 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33132 (Miami, FL) is $3,850 a month, up 8.8% from FY2026. That is 50% above the Miami-Miami Beach-Kendall, FL area-wide FMR of $2,564.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 33132 sits in the Miami-Miami Beach-Kendall, FL area
Of the 120 ZIP codes HUD lists for the area, 33132 has the 1st highest two-bedroom Small Area FMR. Miami-Miami Beach-Kendall, FL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $3,465 and $4,235 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,930 | $2,637 – $3,223 | $1,953 | $2,660 |
| 1 bedroom | $3,190 | $2,871 – $3,509 | $2,121 | $2,900 |
| 2 bedrooms | $3,850 | $3,465 – $4,235 | $2,564 | $3,540 |
| 3 bedrooms | $4,920 | $4,428 – $5,412 | $3,277 | $4,540 |
| 4 bedrooms | $5,630 | $5,067 – $6,193 | $3,749 | $5,250 |
A household renting a two-bedroom home at the Small Area FMR of $3,850 needs about $154,000 a year to keep housing costs at 30% of income. The area median family income is $89,800 and the 80% low-income limit for four people is $109,000. ZIP code 33132 lies mainly in Miami-Dade County. See the Miami-Miami Beach-Kendall, FL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 33132?
HUD's FY2027 Small Area Fair Market Rents for 33132 are $2,930 (studio), $3,190 (1 BR), $3,850 (2 BR), $4,920 (3 BR) and $5,630 (4 BR) a month.
What is the Section 8 payment standard in 33132?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33132 that range is $3,465 to $4,235 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 33132?
The FY2026 income limits of the Miami-Miami Beach-Kendall, FL area apply: median family income $89,800, low-income (80%) limit $109,000 for a family of four.