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Rental Insights for ZIP Code 33716 (Saint Petersburg, FL)

Housing Rentals in ZIP Code 33716 (Saint Petersburg, FL)

33716 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33716

The 33716 ZIP Code is primarily located in Saint Petersburg, FL in Pinellas County. The estimated median housing rent in this Florida region is $1,274 per month. Approximately 82.1% of housing units in this Pinellas County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 10.8%.

The median rent in ZIP Code 33716 of $1,274 per month is 8% higher than the aggregate Florida median monthly rent of $1,175, and is 20% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 53.5% of renters in ZIP Code 33716 pay between $1,000 and $1,499 per month for housing. That is 37% higher than in Florida overall, in which 39.0% of total state residents pay between $1,000 and $1,499 per month for housing. Only 0.1% of renters in this Saint Petersburg, FL region pay between $2,500 and $2,999 per month for rent.

ZIP Code 33716 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33716

See the chart below for a comparison of monthly rental costs in ZIP Code 33716, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33716 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 33716

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

Cost ZIP 33716 Florida U.S.
Less than $500 0.9% 5.3% 9.4%
$500 to $999 15.6% 29.0% 36.2%
$1,000 to $1,499 53.5% 39.0% 30.0%
$1,500 to $1,999 24.2% 17.8% 14.0%
$2,000 to $2,499 4.6% 5.5% 5.6%
$2,500 to $2,999 0.1% 1.9% 2.4%
$3,000 or more 0.9% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33716

Renters in ZIP Code 33716 use an estimated 29.34% of their income to cover their monthly rent payments. That is about 8% 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 33716 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 33716 come in higher than in Florida as a whole. The median annual household income in ZIP Code 33716 of $56,867 sits approximately 2% higher than the overall Florida median income of $55,660 and approximately 10% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33716

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33716, 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 33716 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 33716

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

Rent Cost as % of Income ZIP 33716 Florida U.S.
Less than 15.0 percent 8.7% 8.9% 13.1%
15.0 to 19.9 percent 13.3% 10.7% 12.9%
20.0 to 24.9 percent 16.5% 12.4% 12.9%
25.0 to 29.9 percent 18.3% 11.7% 11.6%
30.0 to 34.9 percent 10.1% 9.6% 9.1%
35.0 percent or more 33.2% 46.7% 40.5%

Household Income in ZIP Code 33716

See the table below for the regional comparison of annual household income in ZIP Code 33716.

Income ZIP 33716 Florida U.S.
Less than $10,000 4.4% 6.5% 6.0%
$10,000 to $14,999 4.6% 4.3% 4.3%
$15,000 to $24,999 5.9% 9.9% 8.9%
$25,000 to $34,999 9.8% 10.3% 8.9%
$35,000 to $49,999 17.6% 13.9% 12.3%
$50,000 to $74,999 22.4% 18.3% 17.2%
$75,000 to $99,999 15.2% 12.4% 12.7%
$100,000 to $149,999 14.6% 13.1% 15.1%
$150,000 to $199,999 3.6% 5.3% 6.8%
$200,000 or more 2.0% 6.0% 7.7%

Household Income in ZIP Code 33716

See the chart below for a comparison of annual household income figures in ZIP Code 33716, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33716 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33716

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33716.

ZIP 33716 Florida U.S.
Median Housing Rent $1,274 $1,175 $1,062
Renter-Occupied Housing Units 82.1% 34.6% 36.0%
Rental Vacancy Rate 10.8% 8.4% 6.0%
Average Size of Renter-Occupied Unit 1.92 2.67 2.49
Average # of Bedrooms Per Unit 1.76 2.63 2.75
Percent of Income Spent on Rent 29.34% 31.74% 29.83%
Per Capita Income $38,026 $31,619 $34,103
Median Household Income $69,239 $80,286 $88,607
Living Below the Poverty Line 8.2% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33716

In ZIP Code 33716 (Saint Petersburg, FL), and estimated 82.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 10.8%.

The per capita income in 33716 is estimated at $38,026, which goes along with an estimated median household income of $69,239. About 8.2% of residents in this Pinellas County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.92 occupants, while the units have an aggregate average size of 1.76 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.34% of their income on housing rental costs.

Rental FAQs for ZIP Code 33716

1

What is the median monthly rent in ZIP Code 33716?

Median rent for housing in ZIP Code 33716 in Pinellas County in Florida is approximately $1,274 per month.
2

Is it expensive to rent in ZIP Code 33716?

Rent in ZIP Code 33716 is higher than average in the state of Florida overall. The median monthly rent of $1,274 in ZIP Code 33716 is approximately 8% higher than the Florida median of $1,175. Additionally, median rent in this Saint Petersburg, FL region ($1,274) is about 20% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33716?

High-priced rentals are less common in ZIP Code 33716 than in Florida overall. The percentage of rentals in ZIP Code 33716 that cost $3,000 or more per month (0.9%) is about 40% 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 63% higher than the aforementioned 33716 rate of 0.9%.
4

Are affordable rentals common in ZIP Code 33716?

Affordable rentals are less common in ZIP Code 33716 than in Florida overall. The percentage of housing rentals in ZIP Code 33716 costing $999 or less per month (16.5%) is approximately 52% 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 64% higher than the previously mentioned 33716 rate of 16.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 33716?

The most common range for rental cost in ZIP Code 33716 is between $1,000 and $1,499 per month. About 53.5% of renters in 33716 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 33716 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33716 is higher than the rental vacancy rate in the state of Florida overall. Rental vacancy of 10.8% in ZIP Code 33716 is about 29% higher than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Saint Petersburg, FL region (10.8%) is an estimated 80% 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 33716? How does it compare to other Florida regions?

Median household income in ZIP Code 33716 is higher than in the state of Florida overall. Annual household income of $56,867 in ZIP Code 33716 is about 2% higher than the Florida median of $55,660. Additionally, median household income in this Saint Petersburg, FL region ($56,867) is approximately 10% 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 33716 spend on housing costs?

Renters in ZIP Code 33716 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33716 spend an estimated 29.34% of their income on rent payments, which is about 8% 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 2% higher than the ZIP Code 33716 estimated rate of 29.34%.
9

Do renters in ZIP Code 33716 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 33716 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33716 spending 30 percent or more of their income on rent costs (43.3%) is approximately 23% 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 13% higher than the aforementioned 33716 rate of 43.3%.
10

What is the average household size of renter-occupied units in ZIP Code 33716?

The average household size of renter-occupied units in ZIP Code 33716 is lower than in the state of Florida overall. Annual household size of 1.92 in ZIP Code 33716 is about 28% lower than the Florida median of 2.67. Additionally, median household size in this Saint Petersburg, FL region (1.92) is approximately 23% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes