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Rental Insights for ZIP Code 33545 (Wesley Chapel, FL)

Housing Rentals in ZIP Code 33545 (Wesley Chapel, FL)

33545 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33545

The 33545 ZIP Code is primarily located in Wesley Chapel, FL in Pasco County. The estimated median housing rent in this Florida region is $1,514 per month. About 26.2% of total housing units in this Pasco County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 5.1%.

The median rent in ZIP Code 33545 of $1,514 per month is 29% higher than the aggregate Florida median monthly rent of $1,175, and is 43% higher than the $1,062 the median monthly rent in the U.S. overall. About 34.4% of residents in ZIP Code 33545 pay between $1,500 and $1,999 per month for rent. That is 93% higher than in Florida overall, in which 17.8% of total state residents pay between $1,500 and $1,999 per month for housing. Just 2.7% of ZIP Code 33545 renters pay less than $500 for monthly rent.

ZIP Code 33545 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33545

See the chart below for a comparison of monthly rental costs in ZIP Code 33545, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33545 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 33545

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

Cost ZIP 33545 Florida U.S.
Less than $500 2.7% 5.3% 9.4%
$500 to $999 12.6% 29.0% 36.2%
$1,000 to $1,499 33.7% 39.0% 30.0%
$1,500 to $1,999 34.4% 17.8% 14.0%
$2,000 to $2,499 8.9% 5.5% 5.6%
$2,500 to $2,999 7.6% 1.9% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33545

Renters in ZIP Code 33545 use an estimated 26.59% of their income to cover their monthly rent payments. That is about 16% lower 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 33545 renters use about 11% less of their income to cover rent expense. Household income figures for ZIP Code 33545 come in higher than in Florida as a whole. The median annual household income in ZIP Code 33545 of $81,687 sits approximately 47% higher than the overall Florida median income of $55,660 and approximately 30% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33545

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33545, 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 33545 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 33545

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

Rent Cost as % of Income ZIP 33545 Florida U.S.
Less than 15.0 percent 13.8% 8.9% 13.1%
15.0 to 19.9 percent 19.7% 10.7% 12.9%
20.0 to 24.9 percent 16.0% 12.4% 12.9%
25.0 to 29.9 percent 12.9% 11.7% 11.6%
30.0 to 34.9 percent 13.7% 9.6% 9.1%
35.0 percent or more 23.9% 46.7% 40.5%

Household Income in ZIP Code 33545

See the table below for the regional comparison of annual household income in ZIP Code 33545.

Income ZIP 33545 Florida U.S.
Less than $10,000 2.9% 6.5% 6.0%
$10,000 to $14,999 0.4% 4.3% 4.3%
$15,000 to $24,999 4.4% 9.9% 8.9%
$25,000 to $34,999 5.4% 10.3% 8.9%
$35,000 to $49,999 11.1% 13.9% 12.3%
$50,000 to $74,999 19.9% 18.3% 17.2%
$75,000 to $99,999 22.0% 12.4% 12.7%
$100,000 to $149,999 19.8% 13.1% 15.1%
$150,000 to $199,999 8.0% 5.3% 6.8%
$200,000 or more 6.1% 6.0% 7.7%

Household Income in ZIP Code 33545

See the chart below for a comparison of annual household income figures in ZIP Code 33545, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33545 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33545

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33545.

ZIP 33545 Florida U.S.
Median Housing Rent $1,514 $1,175 $1,062
Renter-Occupied Housing Units 26.2% 34.6% 36.0%
Rental Vacancy Rate 5.1% 8.4% 6.0%
Average Size of Renter-Occupied Unit 3.53 2.67 2.49
Average # of Bedrooms Per Unit 3.53 2.63 2.75
Percent of Income Spent on Rent 26.59% 31.74% 29.83%
Per Capita Income $31,958 $31,619 $34,103
Median Household Income $98,050 $80,286 $88,607
Living Below the Poverty Line 4.8% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33545

In ZIP Code 33545 (Wesley Chapel, FL), and estimated 26.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.1%.

The per capita income in 33545 is estimated at $31,958, which goes along with an estimated median household income of $98,050. About 4.8% of residents in this Pasco County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.53 occupants, while the units have an aggregate average size of 3.53 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.59% of their income on housing rental costs.

Rental FAQs for ZIP Code 33545

1

What is the median monthly rent in ZIP Code 33545?

Median rent for housing in ZIP Code 33545 in Pasco County in Florida is approximately $1,514 per month.
2

Is it expensive to rent in ZIP Code 33545?

Rent in ZIP Code 33545 is higher than average in the state of Florida overall. The median monthly rent of $1,514 in ZIP Code 33545 is approximately 29% higher than the Florida median of $1,175. Additionally, median rent in this Wesley Chapel, FL region ($1,514) is about 43% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33545?

High-priced rentals are not common in the Wesley Chapel, FL ZIP Code of 33545, 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 33545?

Affordable rentals are less common in ZIP Code 33545 than in Florida overall. The percentage of housing rentals in ZIP Code 33545 costing $999 or less per month (15.3%) is approximately 55% 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 33545 rate of 15.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 33545?

The most common range for rental cost in ZIP Code 33545 is between $1,500 and $1,999 per month. About 34.4% of renters in 33545 pay in this range for monthly rent. In comparison, approximately 17.8% of renters in the state of Florida fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 33545 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33545 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 5.1% in ZIP Code 33545 is about 39% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Wesley Chapel, FL region (5.1%) is an estimated 15% 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 33545? How does it compare to other Florida regions?

Median household income in ZIP Code 33545 is higher than in the state of Florida overall. Annual household income of $81,687 in ZIP Code 33545 is about 47% higher than the Florida median of $55,660. Additionally, median household income in this Wesley Chapel, FL region ($81,687) is approximately 30% higher 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 33545 spend on housing costs?

Renters in ZIP Code 33545 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33545 spend an estimated 26.59% of their income on rent payments, which is about 16% lower 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% higher than the ZIP Code 33545 estimated rate of 26.59%.
9

Do renters in ZIP Code 33545 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 33545 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33545 spending 30 percent or more of their income on rent costs (37.6%) is approximately 33% lower 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 24% higher than the aforementioned 33545 rate of 37.6%.
10

What is the average household size of renter-occupied units in ZIP Code 33545?

The average household size of renter-occupied units in ZIP Code 33545 is higher than in the state of Florida overall. Annual household size of 3.53 in ZIP Code 33545 is about 32% higher than the Florida median of 2.67. Additionally, median household size in this Wesley Chapel, FL region (3.53) is approximately 42% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes