34 Miami-Dade Multifamily Investment Zones

Cap rates, rents, insurance costs, appreciation, and investment signals for every investable submarket in the county.

34
Zones Tracked
3.8%-7.5%
Cap Rate Range
$110K-$700K
Price/Unit Range
$1,400-$4,200
Rent Range
Buy Urban Core

Allapattah

5.5-6.3% Cap Rate
$1,750 Avg Rent
+7.1% Rent Growth
$170K-$240K Price/Unit
Buy Suburban

Aventura

4.8-5.2% Cap Rate
$2,600 Avg Rent
+1.8% Rent Growth
$280K-$360K Price/Unit
Hold Urban Core

Brickell / Financial District

4.5-4.8% Cap Rate
$3,585 Avg Rent
+2.1% Rent Growth
$380K-$450K Price/Unit
Hold Suburban Premium

Coconut Grove

4.3-4.7% Cap Rate
$3,200 Avg Rent
+1.5% Rent Growth
$400K-$500K Price/Unit
Hold Suburban Premium

Coral Gables

4.2-4.6% Cap Rate
$3,100 Avg Rent
+2% Rent Growth
$420K-$520K Price/Unit
Caution Suburban

Doral

5-5.5% Cap Rate
$2,400 Avg Rent
+2.5% Rent Growth
$260K-$340K Price/Unit
Caution Urban Core

Downtown Miami

4.6-5% Cap Rate
$3,286 Avg Rent
+0.5% Rent Growth
$320K-$400K Price/Unit
Buy Urban Core

Edgewater

4.7-5.1% Cap Rate
$3,058 Avg Rent
+3.2% Rent Growth
$340K-$420K Price/Unit
Speculative Exurban

Florida City

6.5-7.5% Cap Rate
$1,400 Avg Rent
+6% Rent Growth
$110K-$160K Price/Unit
Buy Suburban

Hialeah

5.5-6.2% Cap Rate
$1,800 Avg Rent
+4.2% Rent Growth
$180K-$260K Price/Unit
Buy Suburban

Hialeah Gardens

5.6-6.3% Cap Rate
$1,750 Avg Rent
+3.5% Rent Growth
$170K-$240K Price/Unit
Strong Buy Exurban

Homestead

6-7% Cap Rate
$1,600 Avg Rent
+5.5% Rent Growth
$140K-$200K Price/Unit
Hold Suburban

Kendall / The Crossings

5.2-5.7% Cap Rate
$2,200 Avg Rent
+2% Rent Growth
$240K-$310K Price/Unit
Trophy Asset Coastal Premium

Key Biscayne

3.8-4.2% Cap Rate
$4,200 Avg Rent
+0.8% Rent Growth
$600K-$700K Price/Unit
Speculative Urban

Liberty City / Brownsville

6-7% Cap Rate
$1,500 Avg Rent
+4.5% Rent Growth
$120K-$180K Price/Unit
Strong Buy Urban

Little Haiti / Upper East Side

5.2-5.8% Cap Rate
$2,200 Avg Rent
+5.5% Rent Growth
$230K-$310K Price/Unit
Strong Buy Urban Core

Little Havana

5.5-6.2% Cap Rate
$1,850 Avg Rent
+6.2% Rent Growth
$180K-$250K Price/Unit
N/A Industrial

Medley / Hialeah Industrial

0-0% Cap Rate
$0 Avg Rent
0% Rent Growth
$0K-$0K Price/Unit
Hold Coastal

Miami Beach / South Beach

4.8-5.3% Cap Rate
$3,400 Avg Rent
-1.2% Rent Growth
$350K-$450K Price/Unit
Buy Suburban

Miami Gardens

5.8-6.5% Cap Rate
$1,900 Avg Rent
+3.8% Rent Growth
$170K-$240K Price/Unit
Hold Suburban

Miami Lakes

5-5.5% Cap Rate
$2,300 Avg Rent
+2.2% Rent Growth
$250K-$320K Price/Unit
Buy Urban Core

Midtown Miami

4.9-5.3% Cap Rate
$2,800 Avg Rent
+2.8% Rent Growth
$280K-$350K Price/Unit
Buy Suburban

North Miami

5.3-5.8% Cap Rate
$2,100 Avg Rent
+3.5% Rent Growth
$220K-$300K Price/Unit
Buy Suburban

North Miami Beach

5.5-6% Cap Rate
$2,000 Avg Rent
+4% Rent Growth
$200K-$280K Price/Unit
Speculative Suburban

Opa-locka

6.5-7.5% Cap Rate
$1,350 Avg Rent
+3% Rent Growth
$100K-$150K Price/Unit
Speculative Urban Core

Overtown

5.8-6.5% Cap Rate
$1,650 Avg Rent
+5.8% Rent Growth
$150K-$220K Price/Unit
Hold Suburban

Palmetto Bay / Cutler Bay

5.3-5.8% Cap Rate
$2,100 Avg Rent
+2.5% Rent Growth
$230K-$300K Price/Unit
N/A Suburban Premium

Pinecrest

4-4.5% Cap Rate
$3,500 Avg Rent
+1% Rent Growth
$450K-$600K Price/Unit
Hold Suburban

South Miami

5-5.5% Cap Rate
$2,300 Avg Rent
+2% Rent Growth
$260K-$330K Price/Unit
Hold Coastal

Sunny Isles Beach

4.5-5% Cap Rate
$3,000 Avg Rent
+1.2% Rent Growth
$320K-$420K Price/Unit
Trophy Asset Coastal Premium

Surfside / Bal Harbour

4-4.5% Cap Rate
$3,800 Avg Rent
+0.5% Rent Growth
$500K-$650K Price/Unit
Buy Suburban

Sweetwater / FIU Area

5.5-6% Cap Rate
$1,700 Avg Rent
+5% Rent Growth
$160K-$230K Price/Unit
Buy Suburban

Westchester / Tamiami

5.5-6% Cap Rate
$1,800 Avg Rent
+3% Rent Growth
$180K-$250K Price/Unit
Buy Urban Core

Wynwood / Design District

4.8-5.2% Cap Rate
$2,950 Avg Rent
+4.5% Rent Growth
$300K-$380K Price/Unit

Miami-Dade County is one of the most dynamic multifamily investment markets in the United States, with 34 distinct submarkets that range from ultra-premium coastal zones like Key Biscayne and Miami Beach to high-yield workforce housing areas like Homestead and Florida City. Cap rates across the county span from 3.8% in trophy locations to 7.5% in emerging submarkets, while insurance costs — the hidden variable that defines South Florida investing — range from $1,100 per unit inland to over $3,200 per unit in high-risk flood zones.

Each zone page above provides a complete breakdown of financial metrics (cap rates, rents, rent growth, appreciation), expense analysis (insurance, millage rates, taxes, operating expenses), risk factors (FEMA flood zones, pipeline pressure, vacancy), and demographic data (population, income, walkability, crime, schools). Understanding these variables at the zone level is what separates investors who find deals from those who overpay.

Want the complete analysis with investment signals? Get the full 34-zone report →