{
  "schema_version": "1.0",
  "submarket": {
    "slug": "south-beach-sobe-fl",
    "name": "South Beach / SoBe",
    "state": "FL",
    "city": "MIAMI BEACH",
    "cbsa": "Miami-Fort Lauderdale-West Palm Beach",
    "zip_codes": [
      "33139"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:38.747Z",
    "last_updated_at": "2026-06-02T13:27:10.409Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 2163,
        "low": 2055,
        "high": 2271,
        "mom_pct": 3.27,
        "yoy_pct": 3.7899999999999996
      },
      "2br": {
        "median": 3042,
        "low": 2874,
        "high": 3209,
        "mom_pct": 1.7899999999999998,
        "yoy_pct": -0.76
      },
      "3br": {
        "median": 3768,
        "low": 3610,
        "high": 3926,
        "mom_pct": 1.76,
        "yoy_pct": 4.99
      },
      "4br": {
        "median": 4002,
        "low": 3862,
        "high": 4142,
        "mom_pct": 1.06,
        "yoy_pct": 2.96
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 2431,
        "low": 2309,
        "high": 2552,
        "mom_pct": 11.16,
        "yoy_pct": 7.08
      },
      "2br": {
        "median": 3421,
        "low": 3267,
        "high": 3575,
        "mom_pct": 8.5,
        "yoy_pct": -2.95
      },
      "3br": {
        "median": 4780,
        "low": 4565,
        "high": 4995,
        "mom_pct": 8.26,
        "yoy_pct": 6.1
      },
      "4br": {
        "median": 4142,
        "low": 3997,
        "high": 4287,
        "mom_pct": 0.17,
        "yoy_pct": 1.32
      }
    },
    "single_family": {
      "1br": {
        "median": 2144,
        "low": 2075,
        "high": 2213,
        "mom_pct": 0.4699999999999999,
        "yoy_pct": -3.6
      },
      "2br": {
        "median": 2650,
        "low": 2573,
        "high": 2730,
        "mom_pct": 0.8400000000000001,
        "yoy_pct": -0.15
      },
      "3br": {
        "median": 3742,
        "low": 3574,
        "high": 3910,
        "mom_pct": 0.59,
        "yoy_pct": 6.94
      },
      "4br": {
        "median": 4428,
        "low": 4242,
        "high": 4614,
        "mom_pct": 0.41,
        "yoy_pct": 3.19
      }
    }
  },
  "vacancy": 4.0794,
  "days_on_market": {
    "apartment": 34,
    "condo_townhome": 33,
    "single_family": 30
  },
  "ai_summary": [
    {
      "headline": "1BR condo rents up 11.2% MoM",
      "body": "In the South Beach / SoBe (33139) rental market, 1-bedroom condo/townhome units saw a significant monthly increase, with median rent rising 11.16% to $2,431 in April 2026. This percentage gain exceeded the 3.27% MoM growth for 1-bedroom apartments, which reached a median of $2,163 for the same period."
    },
    {
      "headline": "3BR single-family homes rise 6.9% YoY",
      "body": "Median rent for 3-bedroom single-family homes in South Beach / SoBe (33139) reached $3,742, representing a 6.94% year-over-year increase. This YoY growth was slightly above the 6.1% annual gain for 3-bedroom condo/townhomes, which had a higher median rent of $4,780 in April 2026."
    },
    {
      "headline": "4BR apartment rents grow 3.0% YoY",
      "body": "The 4-bedroom apartment segment in South Beach / SoBe (33139) recorded a median rent of $4,002, marking a YoY increase of 2.96%. South Beach / SoBe (33139) rental trends reflect this consistent upward movement in larger apartment units, contrasting slightly with the 1.32% YoY growth seen in 4-bedroom condo/townhomes."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in South Beach / SoBe, FL range from $2,144 to $4,780 per month depending on property type and bedroom count.",
      "The largest year-over-year change is a 7.08% increase for 1BR condos/townhomes in South Beach / SoBe, FL.",
      "For 3BR units in South Beach / SoBe, FL, condos/townhomes have a median rent of $4,780 while apartments are $3,768."
    ],
    "qa": [
      {
        "question": "What is the overall rent range in South Beach / SoBe, FL as of April 2026?",
        "answer": "The rent range in South Beach / SoBe, FL for April 2026 is from $2,144 for a 1BR single-family home to $4,780 for a 3BR condo/townhome."
      },
      {
        "question": "Are rents in South Beach / SoBe, FL generally rising or falling in April 2026?",
        "answer": "In April 2026, South Beach / SoBe, FL rents are rising in some segments, such as 1BR condos/townhomes (+7.08% YoY) and 3BR single-family homes (+6.94% YoY), while declining in others, such as 1BR single-family homes (-3.60% YoY) and 2BR condos/townhomes (-2.95% YoY)."
      },
      {
        "question": "Which segment had the biggest annual rent decrease in South Beach / SoBe, FL and is it limited to one bedroom or broader?",
        "answer": "The largest year-over-year rent decrease is in 1BR single-family homes, which fell -3.60% in April 2026, and this decrease is limited to the 1BR single-family segment."
      },
      {
        "question": "What is the premium gap between apartment and condo/townhome rents for the same bedroom count in South Beach / SoBe, FL?",
        "answer": "In April 2026, 1BR condos/townhomes in South Beach / SoBe, FL rent for $2,431, which is $268 more than 1BR apartments at $2,163; for 2BR units, the gap increases to $379 with condos/townhomes at $3,421 and apartments at $3,042."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 2163,
          "2br": 3042,
          "3br": 3768,
          "4br": 4002
        },
        "condo_townhome": {
          "1br": 2431,
          "2br": 3421,
          "3br": 4780,
          "4br": 4142
        },
        "single_family": {
          "1br": 2144,
          "2br": 2650,
          "3br": 3742,
          "4br": 4428
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 2094,
          "2br": 2988,
          "3br": 3703,
          "4br": 3960
        },
        "condo_townhome": {
          "1br": 2187,
          "2br": 3153,
          "3br": 4415,
          "4br": 4135
        },
        "single_family": {
          "1br": 2134,
          "2br": 2628,
          "3br": 3720,
          "4br": 4410
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 2068,
          "2br": 2967,
          "3br": 3624,
          "4br": 3926
        },
        "condo_townhome": {
          "1br": 2183,
          "2br": 3156,
          "3br": 4592,
          "4br": 4168
        },
        "single_family": {
          "1br": 2159,
          "2br": 2635,
          "3br": 3653,
          "4br": 4411
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 2131,
          "2br": 2895,
          "3br": 3542,
          "4br": 3934
        },
        "condo_townhome": {
          "1br": 2151,
          "2br": 3228,
          "3br": 4416,
          "4br": 4211
        },
        "single_family": {
          "1br": 2156,
          "2br": 2640,
          "3br": 3668,
          "4br": 4447
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 2146,
          "2br": 2900,
          "3br": 3576,
          "4br": 3969
        },
        "condo_townhome": {
          "1br": 2216,
          "2br": 3341,
          "3br": 4582,
          "4br": 4175
        },
        "single_family": {
          "1br": 2189,
          "2br": 2658,
          "3br": 3706,
          "4br": 4495
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 2122,
          "2br": 2966,
          "3br": 3649,
          "4br": 4014
        },
        "condo_townhome": {
          "1br": 2216,
          "2br": 3403,
          "3br": 4518,
          "4br": 4211
        },
        "single_family": {
          "1br": 2205,
          "2br": 2675,
          "3br": 3732,
          "4br": 4526
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 2084,
          "2br": 3057,
          "3br": 3687,
          "4br": 4051
        },
        "condo_townhome": {
          "1br": 2208,
          "2br": 3473,
          "3br": 4596,
          "4br": 4229
        },
        "single_family": {
          "1br": 2208,
          "2br": 2684,
          "3br": 3736,
          "4br": 4533
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 2111,
          "2br": 3016,
          "3br": 3699,
          "4br": 4071
        },
        "condo_townhome": {
          "1br": 2266,
          "2br": 3578,
          "3br": 4703,
          "4br": 4237
        },
        "single_family": {
          "1br": 2216,
          "2br": 2710,
          "3br": 3735,
          "4br": 4533
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 2166,
          "2br": 3030,
          "3br": 3725,
          "4br": 4080
        },
        "condo_townhome": {
          "1br": 2300,
          "2br": 3582,
          "3br": 4517,
          "4br": 4245
        },
        "single_family": {
          "1br": 2219,
          "2br": 2701,
          "3br": 3726,
          "4br": 4524
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 2166,
          "2br": 3082,
          "3br": 3715,
          "4br": 4053
        },
        "condo_townhome": {
          "1br": 2316,
          "2br": 3633,
          "3br": 4569,
          "4br": 4231
        },
        "single_family": {
          "1br": 2214,
          "2br": 2769,
          "3br": 3689,
          "4br": 4489
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 2089,
          "2br": 3093,
          "3br": 3685,
          "4br": 4011
        },
        "condo_townhome": {
          "1br": 2300,
          "2br": 3618,
          "3br": 4701,
          "4br": 4199
        },
        "single_family": {
          "1br": 2199,
          "2br": 2743,
          "3br": 3626,
          "4br": 4425
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 2060,
          "2br": 2995,
          "3br": 3645,
          "4br": 3945
        },
        "condo_townhome": {
          "1br": 2302,
          "2br": 3608,
          "3br": 4748,
          "4br": 4134
        },
        "single_family": {
          "1br": 2198,
          "2br": 2728,
          "3br": 3533,
          "4br": 4328
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/south-beach-sobe-fl/",
    "self": "https://data.estaite.com/feeds/south-beach-sobe-fl.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}