Written by: Ashley Durmo
Introduction
Miami Beach is one of Florida’s premier destinations, drawing tourists from around the world with its vibrant nightlife, luxurious beaches, and renowned cultural scene. Each ZIP code in Miami Beach offers unique investment opportunities for short-term rental investors, with different levels of gross yield, annual revenue, and property values. Here’s an analysis of some of the top-performing submarkets.
33139 – South Beach and Art Deco District
- Gross Yield: 8%
- Annual Revenue: $36,690
- Zillow Home Value: $463.4K
ZIP code 33139 encompasses the famous South Beach and the Art Deco Historic District, known for its nightlife, beach access, and iconic pastel-colored architecture. This area has one of the highest concentrations of full-time short-term rentals, with 3,519 listings, making it a hotspot for Airbnb and similar platforms. The gross yield of 8% and solid annual revenue of $36,690 reflect the constant demand from tourists looking to experience the lively atmosphere of Miami Beach. With a moderate home value for Miami Beach standards, this ZIP code is ideal for investors aiming to capitalize on high tourist traffic.
33141 – North Beach
- Gross Yield: 7%
- Annual Revenue: $27,566
- Zillow Home Value: $420.6K
Located in North Beach, ZIP code 33141 offers a quieter alternative to South Beach, appealing to families and those seeking a more relaxed vibe. With a gross yield of 7% and an annual revenue of $27,566, this area offers steady income potential for investors at a relatively affordable property cost of $420.6K. The North Beach area has recently gained popularity due to new developments, restaurants, and a focus on preserving green spaces, making it an attractive location for both short- and long-term rentals.
33140 – Mid-Beach
- Gross Yield: 6%
- Annual Revenue: $40,790
- Zillow Home Value: $688.0K
ZIP code 33140 covers Mid-Beach, known for its upscale hotels, oceanfront resorts, and historic architecture along Collins Avenue. This area has a high demand for luxury accommodations, reflected in its high annual revenue of $40,790. Although the gross yield is slightly lower at 6%, the strong rental income and higher property values make it a profitable area for investors looking for a more premium market. With nearly 2,900 full-time listings, Mid-Beach caters to a sophisticated clientele, making it a solid choice for high-end short-term rentals.
