South Florida · Property management desk · September 12, 2026
South Florida is three FHFA divisions, not a rent roll
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Miami, Broward, and Palm Beach are not one house-price print. FHFA reports metropolitan divisions, not a single South Florida HPI. In the 2026 Q2 all-transactions table, Miami-Miami Beach-Kendall is up 1.27% year over year and down 0.65% in the quarter. Fort Lauderdale-Pompano Beach-Sunrise is up 0.77% year over year and up 0.66% in the quarter. West Palm Beach-Boca Raton-Delray Beach is up 3.65% year over year and down 1.06% in the quarter. A stacked rent roll that pretends those three rows are one occupancy number is still a packet, not a series.
Tenure context is a purchase tape, not occupancy
6.81% as of August 28 can explain why some households stay. It is not a vacancy rate. Count notices, vacant days, and collected cash on the rent roll.
Notices
On the lease file
Vacant days
Still accrue
Applications
Not first-month cash
Collected rent
The occupancy column
What CPI can say, and what the owner packet cannot
BLS publishes a Miami-Fort Lauderdale-West Palm Beach CPI-U. For June 2026 the official release has all items up 0.1% from April to June and up 3.4% from a year earlier. FRED’s BLS reprint then shows an August 2026 all-items index of 370.123, versus 369.764 in June, updated September 11. This desk has not sourced a 12-month percent for the August local release from the news-release table, so it will not invent one.
Quote the file: notices, vacant days, concessions, collected rent. BLS shelter and all-items are not cash posted. Census HVS is still the national vacancy series and it is quarterly. This desk will not publish a Miami condo occupancy index or an HOA special-assessment survey it did not read.
What still sits on the national tape
The last official daily 30-year cited here is 6.81% as of August 28. That is a purchase-rate overlay for who can buy the vacant unit, not a lease. Friday already said the last weekday before FOMC week is not a lock. The 10-year CMT is 4.73% on August 28 if someone wants to talk takeout on the same campus.
The opening local note already said a city URL is not a mill. Today’s point is the opposite error: blending three official divisions into one “Miami market” slide.
FAQ
Did FHFA publish one South Florida house-price index?
No. The 2026 Q2 all-transactions table reports Miami-Miami Beach-Kendall, Fort Lauderdale-Pompano Beach-Sunrise, and West Palm Beach-Boca Raton-Delray Beach as separate metropolitan divisions.
Is the Miami CPI collected rent?
No. The BLS Miami-Fort Lauderdale-West Palm Beach CPI-U was +3.4% for the 12 months ending June 2026. That is not notices, vacant days, or cash on a rent roll.
Sources: FHFA HPI summary tables, 2026 Q2 (Miami MSAD AT +1.27% year, −0.65% quarter; Fort Lauderdale MSAD +0.77% year, +0.66% quarter; West Palm Beach MSAD +3.65% year, −1.06% quarter); BLS CPI, Miami-Fort Lauderdale-West Palm Beach, June 2026 (all items +0.1% April–June, +3.4% year); FRED CUURA320SA0 (BLS Miami-Fort Lauderdale-West Palm Beach CPI-U all items 370.123 in August 2026, 369.764 in June 2026; updated September 11, 2026); Mortgage News Daily daily rate index (30-year 6.81% as of August 28, 2026).