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Rental Insights for ZIP Code 33314 (Fort Lauderdale, FL)

Housing Rentals in ZIP Code 33314 (Fort Lauderdale, FL)

33314 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33314

The 33314 ZIP Code is primarily located in Fort Lauderdale, FL in Broward County. The estimated median housing rent in this Florida region is $1,483 per month. Approximately 58.7% of housing units in the region are renter-occupied, and this this Broward County ZIP Code has an estimated rental vacancy rate of 5.8%.

The median rent in ZIP Code 33314 of $1,483 per month is 26% higher than the aggregate Florida median monthly rent of $1,175, and is 40% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 35.4% of renters in ZIP Code 33314 pay between $1,000 and $1,499 per month for housing. That is 9% lower than in Florida overall, in which 39.0% of total state residents pay between $1,000 and $1,499 per month for housing. Only 1.0% of ZIP Code 33314 renters pay $3,000 or more for monthly rent.

ZIP Code 33314 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33314

See the chart below for a comparison of monthly rental costs in ZIP Code 33314, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33314 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 33314

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

Cost ZIP 33314 Florida U.S.
Less than $500 1.7% 5.3% 9.4%
$500 to $999 14.0% 29.0% 36.2%
$1,000 to $1,499 35.4% 39.0% 30.0%
$1,500 to $1,999 35.2% 17.8% 14.0%
$2,000 to $2,499 11.4% 5.5% 5.6%
$2,500 to $2,999 1.4% 1.9% 2.4%
$3,000 or more 1.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33314

Renters in ZIP Code 33314 use an estimated 33.73% of their income to cover their monthly rent payments. That is about 6% 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 33314 renters use about 13% more of their income to cover rent expense. Household income figures for ZIP Code 33314 come in lower than in Florida as a whole. The median annual household income in ZIP Code 33314 of $51,635 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 33314

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33314, 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 33314 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 33314

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

Rent Cost as % of Income ZIP 33314 Florida U.S.
Less than 15.0 percent 4.1% 8.9% 13.1%
15.0 to 19.9 percent 9.0% 10.7% 12.9%
20.0 to 24.9 percent 11.5% 12.4% 12.9%
25.0 to 29.9 percent 9.5% 11.7% 11.6%
30.0 to 34.9 percent 15.1% 9.6% 9.1%
35.0 percent or more 50.9% 46.7% 40.5%

Household Income in ZIP Code 33314

See the table below for the regional comparison of annual household income in ZIP Code 33314.

Income ZIP 33314 Florida U.S.
Less than $10,000 7.6% 6.5% 6.0%
$10,000 to $14,999 3.6% 4.3% 4.3%
$15,000 to $24,999 13.3% 9.9% 8.9%
$25,000 to $34,999 9.3% 10.3% 8.9%
$35,000 to $49,999 14.3% 13.9% 12.3%
$50,000 to $74,999 19.0% 18.3% 17.2%
$75,000 to $99,999 12.8% 12.4% 12.7%
$100,000 to $149,999 15.4% 13.1% 15.1%
$150,000 to $199,999 2.6% 5.3% 6.8%
$200,000 or more 2.0% 6.0% 7.7%

Household Income in ZIP Code 33314

See the chart below for a comparison of annual household income figures in ZIP Code 33314, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33314 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33314

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33314.

ZIP 33314 Florida U.S.
Median Housing Rent $1,483 $1,175 $1,062
Renter-Occupied Housing Units 58.7% 34.6% 36.0%
Rental Vacancy Rate 5.8% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.95 2.67 2.49
Average # of Bedrooms Per Unit 2.22 2.63 2.75
Percent of Income Spent on Rent 33.73% 31.74% 29.83%
Per Capita Income $24,497 $31,619 $34,103
Median Household Income $64,951 $80,286 $88,607
Living Below the Poverty Line 14.4% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33314

In ZIP Code 33314 (Fort Lauderdale, FL), and estimated 58.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.8%.

The per capita income in 33314 is estimated at $24,497, which goes along with an estimated median household income of $64,951. About 14.4% of residents in this Broward County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.95 occupants, while the units have an aggregate average size of 2.22 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 33.73% of their income on housing rental costs.

Rental FAQs for ZIP Code 33314

1

What is the median monthly rent in ZIP Code 33314?

Median rent for housing in ZIP Code 33314 in Broward County in Florida is approximately $1,483 per month.
2

Is it expensive to rent in ZIP Code 33314?

Rent in ZIP Code 33314 is higher than average in the state of Florida overall. The median monthly rent of $1,483 in ZIP Code 33314 is approximately 26% higher than the Florida median of $1,175. Additionally, median rent in this Fort Lauderdale, FL region ($1,483) is about 40% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33314?

High-priced rentals are less common in ZIP Code 33314 than in Florida overall. The percentage of rentals in ZIP Code 33314 that cost $3,000 or more per month (1.0%) is about 33% lower 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 58% higher than the aforementioned 33314 rate of 1.0%.
4

Are affordable rentals common in ZIP Code 33314?

Affordable rentals are less common in ZIP Code 33314 than in Florida overall. The percentage of housing rentals in ZIP Code 33314 costing $999 or less per month (15.7%) is approximately 54% 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 66% higher than the previously mentioned 33314 rate of 15.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 33314?

The most common range for rental cost in ZIP Code 33314 is between $1,000 and $1,499 per month. About 35.4% of renters in 33314 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 33314 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33314 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 5.8% in ZIP Code 33314 is about 31% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Fort Lauderdale, FL region (5.8%) is an estimated 3% 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 33314? How does it compare to other Florida regions?

Median household income in ZIP Code 33314 is lower than in the state of Florida overall. Annual household income of $51,635 in ZIP Code 33314 is about 7% lower than the Florida median of $55,660. Additionally, median household income in this Fort Lauderdale, FL region ($51,635) 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 33314 spend on housing costs?

Renters in ZIP Code 33314 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33314 spend an estimated 33.73% of their income on rent payments, which is about 6% 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 13% lower than the ZIP Code 33314 estimated rate of 33.73%.
9

Do renters in ZIP Code 33314 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33314 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33314 spending 30 percent or more of their income on rent costs (66%) is approximately 17% 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 33% lower than the aforementioned 33314 rate of 66%.
10

What is the average household size of renter-occupied units in ZIP Code 33314?

The average household size of renter-occupied units in ZIP Code 33314 is higher than in the state of Florida overall. Annual household size of 2.95 in ZIP Code 33314 is about 10% higher than the Florida median of 2.67. Additionally, median household size in this Fort Lauderdale, FL region (2.95) is approximately 18% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes