Short answer: In Hialeah, FL, the median home value is $446,800 and the median 3-bedroom rents for $2,326/mo (Census ACS 2024). That's a rent-to-price ratio of 0.52%, so it misses the 1% rule and would place #23 among the 50 largest US rental markets (Hialeah is the #96 US city by renter households). With 20% down at 7.32%, FirstDoor scores a median-priced home Pass (−$934/mo cash flow).
Key numbers
The 1% rule in Hialeah
A quick screen many investors start with: is monthly rent at least 1% of the price? In Hialeah, here's the answer on typical numbers.
Across all rentals (not just 3-bedrooms) the ratio is 0.43%. A home renting for the median 3-bedroom rent would need to cost about $233,000 or less to pass.
A typical Hialeah home, scored
We took a home at the median value, gave it the median 3-bedroom rent, and ran it through the same math as the FirstDoor calculator: 20% down, a 30-year loan at 7.32%, the city's median tax rate, and standard expense budgets.
| 3-bedroom rent (median) | $2,326 |
| Property tax ($2,402/yr, local median) | −$200 |
| Insurance ($2,230/yr, assumed) | −$186 |
| Vacancy 5% · Maintenance 5% · Management 8% | −$419 |
| Net operating income | $1,521 |
| Mortgage (P&I on $357,440 at 7.32%) | −$2,455 |
| Monthly cash flow | −$934 |
What price works in Hialeah?
Price is the lever you control. Holding rent at the Hialeah median, these are the price ceilings for each FirstDoor result.
Takeaways
- A 0.52% rent-to-price ratio puts Hialeah in the middle of the pack (it would place #23 among the 50 largest). Expect to hunt for below-median prices to make the numbers work.
- A median-priced home here would cost you about $934/mo out of pocket after the mortgage and every expense. To break even you'd need to pay about $300,000, 33% below the median.
- Prices are outrunning rents: home values rose 6.9% from 2023 to 2024 while 3-bedroom rent rose 4.8%. The 1% math got tougher.
- Property taxes are light: the median bill is $2,402, about 0.54% of value versus 0.89% nationally.
- Renters are the majority here (57% of households), so the tenant pool is deep.
Frequently asked questions
Does Hialeah pass the 1% rule?
No, on typical numbers. The median 3-bedroom gross rent is $2,326/mo and the median home value is $446,800 (Census ACS 2024 1-year), a ratio of 0.52%. To pass at that rent, a home would need to cost about $233,000 or less.
What is the typical rent for a 3-bedroom in Hialeah?
The median gross rent for a 3-bedroom in Hialeah, FL is $2,326 a month, and $1,913 across all rentals (Census ACS 2024 1-year). Gross rent includes utilities the renter pays, so the landlord's share can be a bit lower. The 3-bedroom median rose 4.8% from 2023.
Can you cash flow a rental in Hialeah?
At the median price, not easily. With 20% down at 7.32% and realistic expenses, a $446,800 home renting for $2,326 loses about $934/mo. It breaks even at roughly $300,000.
How much cash do you need to buy a typical rental in Hialeah?
About $102,760: a 20% down payment of $89,360 plus closing costs we assume at 3% ($13,400). Lenders often also want several months of reserves. Investment loans commonly need 15–25% down.
Is Hialeah a good place to buy a first rental?
FirstDoor scores a median-priced home in Hialeah as Pass (0 of 8 points). That's a starting point, not a verdict on every listing: neighborhoods vary, and buying below the median changes the math. Run any listing through the free calculator.
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Sources
Data: U.S. Census Bureau, 2024 American Community Survey 1-year estimates (released September 2025); year-over-year changes compare with 2023. Mortgage rate: Freddie Mac PMMS, week of October 22, 2026. Retrieved October 15, 2026. Insurance ($2,230/yr), closing costs (3%), maintenance (5%) and management (8%) are FirstDoor assumptions, not local data. Investment-property loans often price above the PMMS average. Medians describe the whole city, not any one home. Educational content, not financial advice.