Introduction
Miami, Florida, is renowned for its vibrant nightlife, beautiful beaches, and diverse cultural attractions, making it a prime destination for short-term rental investments. The city offers unique opportunities for investors across a range of neighborhoods and ZIP codes. Below is a detailed analysis of the best-performing ZIP codes in Miami based on gross yield, annual revenue, full-time listings, and Zillow home values.
33179 – Suburban Convenience
- Gross Yield: 13%
- Annual Revenue: $37,980
- Zillow Home Value: $291.3K
Situated in North Miami, ZIP code 33179 is a suburban area that combines accessibility with affordability. With a gross yield of 13% and annual revenue of $37,980, it offers stable returns for investors. This area is popular among families and professionals looking for short-term rental options close to Aventura and the beaches without the higher price tag of coastal properties.
33173 – Balanced Opportunity
- Gross Yield: 10%
- Annual Revenue: $56,409
- Zillow Home Value: $572.5K
ZIP code 33173 is located in Kendall, a family-friendly area known for its parks and shopping centers. With a gross yield of 10% and the highest annual revenue on this list at $56,409, this ZIP code is ideal for investors targeting long-term stays or group travel. The higher Zillow home value of $572.5K reflects the area’s appeal and amenities, making it a strong option for mid- to high-end short-term rental properties.
Top 200 Airbnb Rental Markets
Instantly compare top 200 short-term (Airbnb) rental markets in the US
33193 – Suburban Appeal with Lower Inventory
- Gross Yield: 8%
- Annual Revenue: $37,927
- Zillow Home Value: $464.8K
Another Kendall neighborhood, ZIP code 33193 offers suburban charm with a gross yield of 8% and annual revenue of $37,927. With only 15 full-time listings, this area presents less competition for investors. Its proximity to major highways and family-friendly atmosphere make it a popular choice for longer stays, particularly for families visiting Miami.
33131 – Downtown Luxury
- Gross Yield: 8%
- Annual Revenue: $48,827
- Zillow Home Value: $614.2K
ZIP code 33131 covers Brickell, Miami’s financial district and a hub for luxury living. With 2,385 full-time listings, it’s the most competitive area in this analysis. However, it delivers high annual revenue of $48,827 and appeals to high-income travelers seeking premium accommodations. The Zillow home value of $614.2K reflects the luxury market, making this ZIP code ideal for investors focusing on upscale short-term rentals.
Conclusion
Miami’s diverse neighborhoods offer a variety of investment opportunities for short-term rental investors. Whether you’re targeting affordable high-yield properties like those in ZIP code 74354 or catering to luxury travelers in Brickell (33131), there’s something for every investor. By understanding the unique characteristics of each area, you can strategically position your investment to maximize returns in this world-renowned destination.
