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Rental Insights for ZIP Code 33908 (Fort Myers, FL)

Housing Rentals in ZIP Code 33908 (Fort Myers, FL)

33908 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33908

The 33908 ZIP Code is primarily located in Fort Myers, FL in Lee County. The estimated median housing rent in this Florida region is $1,414 per month. About 28.2% of housing units in this Lee County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of 15.6%.

The median rent in ZIP Code 33908 of $1,414 per month is 20% higher than the aggregate Florida median monthly rent of $1,175, and is 33% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 34.6% of residents in ZIP Code 33908 pay between $1,000 and $1,499 per month for rent. That is 11% 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 1.1% of renters in ZIP Code 33908 pay less than $500 per month for housing.

ZIP Code 33908 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33908

See the chart below for a comparison of monthly rental costs in ZIP Code 33908, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33908 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 33908

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

Cost ZIP 33908 Florida U.S.
Less than $500 1.1% 5.3% 9.4%
$500 to $999 21.9% 29.0% 36.2%
$1,000 to $1,499 34.6% 39.0% 30.0%
$1,500 to $1,999 17.3% 17.8% 14.0%
$2,000 to $2,499 8.4% 5.5% 5.6%
$2,500 to $2,999 4.1% 1.9% 2.4%
$3,000 or more 12.7% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33908

Renters in ZIP Code 33908 use an estimated 32.84% of their income to cover their monthly rent payments. That is about 3% 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 33908 renters use about 10% more of their income to cover rent expense. Household income figures for ZIP Code 33908 come in higher than in Florida as a whole. The median annual household income in ZIP Code 33908 of $59,596 sits approximately 7% higher than the overall Florida median income of $55,660 and approximately 5% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33908

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33908, 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 33908 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 33908

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

Rent Cost as % of Income ZIP 33908 Florida U.S.
Less than 15.0 percent 11.2% 8.9% 13.1%
15.0 to 19.9 percent 10.1% 10.7% 12.9%
20.0 to 24.9 percent 7.2% 12.4% 12.9%
25.0 to 29.9 percent 8.6% 11.7% 11.6%
30.0 to 34.9 percent 7.7% 9.6% 9.1%
35.0 percent or more 55.2% 46.7% 40.5%

Household Income in ZIP Code 33908

See the table below for the regional comparison of annual household income in ZIP Code 33908.

Income ZIP 33908 Florida U.S.
Less than $10,000 6.1% 6.5% 6.0%
$10,000 to $14,999 3.4% 4.3% 4.3%
$15,000 to $24,999 11.1% 9.9% 8.9%
$25,000 to $34,999 9.9% 10.3% 8.9%
$35,000 to $49,999 11.9% 13.9% 12.3%
$50,000 to $74,999 16.2% 18.3% 17.2%
$75,000 to $99,999 11.8% 12.4% 12.7%
$100,000 to $149,999 11.9% 13.1% 15.1%
$150,000 to $199,999 7.4% 5.3% 6.8%
$200,000 or more 10.4% 6.0% 7.7%

Household Income in ZIP Code 33908

See the chart below for a comparison of annual household income figures in ZIP Code 33908, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33908 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33908

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33908.

ZIP 33908 Florida U.S.
Median Housing Rent $1,414 $1,175 $1,062
Renter-Occupied Housing Units 28.2% 34.6% 36.0%
Rental Vacancy Rate 15.6% 8.4% 6.0%
Average Size of Renter-Occupied Unit 1.84 2.67 2.49
Average # of Bedrooms Per Unit 2.39 2.63 2.75
Percent of Income Spent on Rent 32.84% 31.74% 29.83%
Per Capita Income $48,537 $31,619 $34,103
Median Household Income $96,223 $80,286 $88,607
Living Below the Poverty Line 6.6% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33908

In ZIP Code 33908 (Fort Myers, FL), and estimated 28.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 15.6%.

The per capita income in 33908 is estimated at $48,537, which goes along with an estimated median household income of $96,223. About 6.6% of residents in this Lee County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.84 occupants, while the units have an aggregate average size of 2.39 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.84% of their income on housing rental costs.

Rental FAQs for ZIP Code 33908

1

What is the median monthly rent in ZIP Code 33908?

Median rent for housing in ZIP Code 33908 in Lee County in Florida is approximately $1,414 per month.
2

Is it expensive to rent in ZIP Code 33908?

Rent in ZIP Code 33908 is higher than average in the state of Florida overall. The median monthly rent of $1,414 in ZIP Code 33908 is approximately 20% higher than the Florida median of $1,175. Additionally, median rent in this Fort Myers, FL region ($1,414) is about 33% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33908?

High-priced rentals are more common in ZIP Code 33908 than in Florida overall. The percentage of rentals in ZIP Code 33908 that cost $3,000 or more per month (12.7%) is about 747% 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 429% lower than the aforementioned 33908 rate of 12.7%.
4

Are affordable rentals common in ZIP Code 33908?

Affordable rentals are less common in ZIP Code 33908 than in Florida overall. The percentage of housing rentals in ZIP Code 33908 costing $999 or less per month (23%) is approximately 33% 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 50% higher than the previously mentioned 33908 rate of 23%.
5

What is the most common cost range that rentals fall into in ZIP Code 33908?

The most common range for rental cost in ZIP Code 33908 is between $1,000 and $1,499 per month. About 34.6% of renters in 33908 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 33908 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33908 is higher than the rental vacancy rate in the state of Florida overall. Rental vacancy of 15.6% in ZIP Code 33908 is about 86% higher than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Fort Myers, FL region (15.6%) is an estimated 160% 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 33908? How does it compare to other Florida regions?

Median household income in ZIP Code 33908 is higher than in the state of Florida overall. Annual household income of $59,596 in ZIP Code 33908 is about 7% higher than the Florida median of $55,660. Additionally, median household income in this Fort Myers, FL region ($59,596) is approximately 5% 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 33908 spend on housing costs?

Renters in ZIP Code 33908 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33908 spend an estimated 32.84% of their income on rent payments, which is about 3% 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 10% lower than the ZIP Code 33908 estimated rate of 32.84%.
9

Do renters in ZIP Code 33908 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33908 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33908 spending 30 percent or more of their income on rent costs (62.9%) is approximately 12% 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 27% lower than the aforementioned 33908 rate of 62.9%.
10

What is the average household size of renter-occupied units in ZIP Code 33908?

The average household size of renter-occupied units in ZIP Code 33908 is lower than in the state of Florida overall. Annual household size of 1.84 in ZIP Code 33908 is about 31% lower than the Florida median of 2.67. Additionally, median household size in this Fort Myers, FL region (1.84) is approximately 26% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes