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Rental Insights for ZIP Code 33160 (North Miami Beach, FL)

Housing Rentals in ZIP Code 33160 (North Miami Beach, FL)

33160 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33160

The 33160 ZIP Code is primarily located in North Miami Beach, FL in Miami-Dade County. The estimated median housing rent in this Florida region is $1,549 per month. Approximately 46.6% of housing units in this Miami-Dade County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 8.2%.

The median rent in ZIP Code 33160 of $1,549 per month is 32% higher than the aggregate Florida median monthly rent of $1,175, and is 46% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 36.0% of residents in ZIP Code 33160 have a monthly rent payment between $1,000 and $1,499. That is 8% 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 3.2% of renters in ZIP Code 33160 pay between $2,500 and $2,999 for monthly rent.

ZIP Code 33160 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33160

See the chart below for a comparison of monthly rental costs in ZIP Code 33160, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33160 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 33160

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

Cost ZIP 33160 Florida U.S.
Less than $500 3.7% 5.3% 9.4%
$500 to $999 7.0% 29.0% 36.2%
$1,000 to $1,499 36.0% 39.0% 30.0%
$1,500 to $1,999 34.4% 17.8% 14.0%
$2,000 to $2,499 11.0% 5.5% 5.6%
$2,500 to $2,999 3.2% 1.9% 2.4%
$3,000 or more 4.8% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33160

Renters in ZIP Code 33160 use an estimated 33.23% of their income to cover their monthly rent payments. That is about 5% 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 33160 renters use about 11% more of their income to cover rent expense. Household income figures for ZIP Code 33160 come in lower than in Florida as a whole. The median annual household income in ZIP Code 33160 of $51,790 sits approximately 7% lower than the overall Florida median income of $55,660 and approximately 18% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33160

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33160, 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 33160 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 33160

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

Rent Cost as % of Income ZIP 33160 Florida U.S.
Less than 15.0 percent 7.8% 8.9% 13.1%
15.0 to 19.9 percent 8.5% 10.7% 12.9%
20.0 to 24.9 percent 10.2% 12.4% 12.9%
25.0 to 29.9 percent 12.7% 11.7% 11.6%
30.0 to 34.9 percent 7.1% 9.6% 9.1%
35.0 percent or more 53.8% 46.7% 40.5%

Household Income in ZIP Code 33160

See the table below for the regional comparison of annual household income in ZIP Code 33160.

Income ZIP 33160 Florida U.S.
Less than $10,000 8.6% 6.5% 6.0%
$10,000 to $14,999 5.1% 4.3% 4.3%
$15,000 to $24,999 11.4% 9.9% 8.9%
$25,000 to $34,999 11.1% 10.3% 8.9%
$35,000 to $49,999 11.9% 13.9% 12.3%
$50,000 to $74,999 15.7% 18.3% 17.2%
$75,000 to $99,999 11.1% 12.4% 12.7%
$100,000 to $149,999 11.8% 13.1% 15.1%
$150,000 to $199,999 4.8% 5.3% 6.8%
$200,000 or more 8.6% 6.0% 7.7%

Household Income in ZIP Code 33160

See the chart below for a comparison of annual household income figures in ZIP Code 33160, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33160 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33160

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33160.

ZIP 33160 Florida U.S.
Median Housing Rent $1,549 $1,175 $1,062
Renter-Occupied Housing Units 46.6% 34.6% 36.0%
Rental Vacancy Rate 8.2% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.08 2.67 2.49
Average # of Bedrooms Per Unit 1.89 2.63 2.75
Percent of Income Spent on Rent 33.23% 31.74% 29.83%
Per Capita Income $48,469 $31,619 $34,103
Median Household Income $96,123 $80,286 $88,607
Living Below the Poverty Line 6.7% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33160

In ZIP Code 33160 (North Miami Beach, FL), and estimated 46.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 8.2%.

The per capita income in 33160 is estimated at $48,469, which goes along with an estimated median household income of $96,123. About 6.7% of residents in this Miami-Dade County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.08 occupants, while the units have an aggregate average size of 1.89 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 33.23% of their income on housing rental costs.

Rental FAQs for ZIP Code 33160

1

What is the median monthly rent in ZIP Code 33160?

Median rent for housing in ZIP Code 33160 in Miami-Dade County in Florida is approximately $1,549 per month.
2

Is it expensive to rent in ZIP Code 33160?

Rent in ZIP Code 33160 is higher than average in the state of Florida overall. The median monthly rent of $1,549 in ZIP Code 33160 is approximately 32% higher than the Florida median of $1,175. Additionally, median rent in this North Miami Beach, FL region ($1,549) is about 46% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33160?

High-priced rentals are more common in ZIP Code 33160 than in Florida overall. The percentage of rentals in ZIP Code 33160 that cost $3,000 or more per month (4.8%) is about 220% higher than the Florida rate of 1.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 100% lower than the aforementioned 33160 rate of 4.8%.
4

Are affordable rentals common in ZIP Code 33160?

Affordable rentals are less common in ZIP Code 33160 than in Florida overall. The percentage of housing rentals in ZIP Code 33160 costing $999 or less per month (10.7%) is approximately 69% 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 77% higher than the previously mentioned 33160 rate of 10.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 33160?

The most common range for rental cost in ZIP Code 33160 is between $1,000 and $1,499 per month. About 36.0% of renters in 33160 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 33160 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33160 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 8.2% in ZIP Code 33160 is about 2% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this North Miami Beach, FL region (8.2%) is an estimated 37% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 33160? How does it compare to other Florida regions?

Median household income in ZIP Code 33160 is lower than in the state of Florida overall. Annual household income of $51,790 in ZIP Code 33160 is about 7% lower than the Florida median of $55,660. Additionally, median household income in this North Miami Beach, FL region ($51,790) is approximately 18% 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 33160 spend on housing costs?

Renters in ZIP Code 33160 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33160 spend an estimated 33.23% of their income on rent payments, which is about 5% 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 11% lower than the ZIP Code 33160 estimated rate of 33.23%.
9

Do renters in ZIP Code 33160 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33160 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33160 spending 30 percent or more of their income on rent costs (60.9%) is approximately 8% 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 23% lower than the aforementioned 33160 rate of 60.9%.
10

What is the average household size of renter-occupied units in ZIP Code 33160?

The average household size of renter-occupied units in ZIP Code 33160 is lower than in the state of Florida overall. Annual household size of 2.08 in ZIP Code 33160 is about 22% lower than the Florida median of 2.67. Additionally, median household size in this North Miami Beach, FL region (2.08) is approximately 16% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes