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Rental Insights for ZIP Code 33033 (Homestead, FL)

Housing Rentals in ZIP Code 33033 (Homestead, FL)

33033 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33033

The 33033 ZIP Code is primarily located in Homestead, FL in Miami-Dade County. The estimated median housing rent in this Florida region is $1,316 per month. About 44.1% of housing units in this Miami-Dade County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 1.5%.

The median rent in ZIP Code 33033 of $1,316 per month is 12% higher than the aggregate Florida median monthly rent of $1,175, and is 24% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 38.4% of renters in ZIP Code 33033 pay between $1,000 and $1,499 per month for housing. That is 2% lower than in Florida overall, in which 39.0% of total state residents pay between $1,000 and $1,499 per month for housing. Just 1.5% of renters in this Homestead, FL region pay between $2,500 and $2,999 per month for rent.

ZIP Code 33033 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33033

See the chart below for a comparison of monthly rental costs in ZIP Code 33033, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33033 along with those in the state of Florida and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 33033

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 33033 Florida U.S.
Less than $500 4.3% 5.3% 9.4%
$500 to $999 22.1% 29.0% 36.2%
$1,000 to $1,499 38.4% 39.0% 30.0%
$1,500 to $1,999 26.5% 17.8% 14.0%
$2,000 to $2,499 7.1% 5.5% 5.6%
$2,500 to $2,999 1.5% 1.9% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33033

Renters in ZIP Code 33033 use an estimated 34.74% of their income to cover their monthly rent payments. That is about 9% higher than in Florida overall. The estimate for Florida overall is 31.74% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 33033 renters use about 16% more of their income to cover rent expense. Household income figures for ZIP Code 33033 come in lower than in Florida as a whole. The median annual household income in ZIP Code 33033 of $49,485 sits approximately 11% lower than the overall Florida median income of $55,660 and approximately 21% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33033

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33033, Florida, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 33033 along with the same calculations in the state of Florida and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 33033

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 33033 Florida U.S.
Less than 15.0 percent 5.5% 8.9% 13.1%
15.0 to 19.9 percent 6.0% 10.7% 12.9%
20.0 to 24.9 percent 9.4% 12.4% 12.9%
25.0 to 29.9 percent 11.2% 11.7% 11.6%
30.0 to 34.9 percent 9.1% 9.6% 9.1%
35.0 percent or more 58.8% 46.7% 40.5%

Household Income in ZIP Code 33033

See the table below for the regional comparison of annual household income in ZIP Code 33033.

Income ZIP 33033 Florida U.S.
Less than $10,000 7.2% 6.5% 6.0%
$10,000 to $14,999 3.7% 4.3% 4.3%
$15,000 to $24,999 12.0% 9.9% 8.9%
$25,000 to $34,999 12.0% 10.3% 8.9%
$35,000 to $49,999 15.6% 13.9% 12.3%
$50,000 to $74,999 21.1% 18.3% 17.2%
$75,000 to $99,999 11.2% 12.4% 12.7%
$100,000 to $149,999 11.9% 13.1% 15.1%
$150,000 to $199,999 3.9% 5.3% 6.8%
$200,000 or more 1.5% 6.0% 7.7%

Household Income in ZIP Code 33033

See the chart below for a comparison of annual household income figures in ZIP Code 33033, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33033 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33033

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33033.

ZIP 33033 Florida U.S.
Median Housing Rent $1,316 $1,175 $1,062
Renter-Occupied Housing Units 44.1% 34.6% 36.0%
Rental Vacancy Rate 1.5% 8.4% 6.0%
Average Size of Renter-Occupied Unit 3.75 2.67 2.49
Average # of Bedrooms Per Unit 3.03 2.63 2.75
Percent of Income Spent on Rent 34.74% 31.74% 29.83%
Per Capita Income $18,123 $31,619 $34,103
Median Household Income $61,280 $80,286 $88,607
Living Below the Poverty Line 18.2% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33033

In ZIP Code 33033 (Homestead, FL), and estimated 44.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.5%.

The per capita income in 33033 is estimated at $18,123, which goes along with an estimated median household income of $61,280. About 18.2% of residents in this Miami-Dade County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.75 occupants, while the units have an aggregate average size of 3.03 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 34.74% of their income on housing rental costs.

Rental FAQs for ZIP Code 33033

1

What is the median monthly rent in ZIP Code 33033?

Median rent for housing in ZIP Code 33033 in Miami-Dade County in Florida is approximately $1,316 per month.
2

Is it expensive to rent in ZIP Code 33033?

Rent in ZIP Code 33033 is higher than average in the state of Florida overall. The median monthly rent of $1,316 in ZIP Code 33033 is approximately 12% higher than the Florida median of $1,175. Additionally, median rent in this Homestead, FL region ($1,316) is about 24% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33033?

High-priced rentals are not common in the Homestead, FL ZIP Code of 33033, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Florida overall, approximately 1.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 33033?

Affordable rentals are less common in ZIP Code 33033 than in Florida overall. The percentage of housing rentals in ZIP Code 33033 costing $999 or less per month (26.4%) is approximately 23% lower than the Florida rate of 34.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 42% higher than the previously mentioned 33033 rate of 26.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 33033?

The most common range for rental cost in ZIP Code 33033 is between $1,000 and $1,499 per month. About 38.4% of renters in 33033 pay in this range for monthly rent. In comparison, approximately 39.0% of renters in the state of Florida fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 33033 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33033 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 1.5% in ZIP Code 33033 is about 82% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Homestead, FL region (1.5%) is an estimated 75% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 33033? How does it compare to other Florida regions?

Median household income in ZIP Code 33033 is lower than in the state of Florida overall. Annual household income of $49,485 in ZIP Code 33033 is about 11% lower than the Florida median of $55,660. Additionally, median household income in this Homestead, FL region ($49,485) is approximately 21% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 33033 spend on housing costs?

Renters in ZIP Code 33033 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33033 spend an estimated 34.74% of their income on rent payments, which is about 9% higher than the overall Florida estimated rate of 31.74%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 16% lower than the ZIP Code 33033 estimated rate of 34.74%.
9

Do renters in ZIP Code 33033 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33033 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33033 spending 30 percent or more of their income on rent costs (67.9%) is approximately 21% higher than the Florida rate of 56.3% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 37% lower than the aforementioned 33033 rate of 67.9%.
10

What is the average household size of renter-occupied units in ZIP Code 33033?

The average household size of renter-occupied units in ZIP Code 33033 is higher than in the state of Florida overall. Annual household size of 3.75 in ZIP Code 33033 is about 40% higher than the Florida median of 2.67. Additionally, median household size in this Homestead, FL region (3.75) is approximately 51% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes