ZIP Code · FL

ZIP 33016

Part of Hialeah, FL

Pop. 45,551·Miami-Dade County·176th most expensive ZIP in Florida

Median rent (all units)

$2,413/mo

Year-over-Year

+0.5%

Month-over-Month

+0.8%

vs US Median

+$481

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 33016 · $2,413

More expensive than 77% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,960

1 BR

$2,140

2 BR

$2,610

3 BR

$3,350

4 BR+

$3,870

Research median

$2,610/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 33016 is 0.9% below its high of $2,434 in May 2026, at $2,413 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33016 changed +0.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($58,479) is $1,462 a month. That is less than HUD's Fair Market Rent for a studio ($1,960).

Rank in Hialeah

5th cheapest of 6 ZIP codes in Hialeah.

Cheaper nearby

ZIP 33054, 4 miles away, rents for 12% less ($2,119/mo), about $3,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33016. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,956/yr

At $2,413/mo median

Location

CityHialeah

StateFL

CountyMiami-Dade County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.5% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 33016 (Hialeah, FL) is roughly split between renters and owners, has a median income below the national average, 28.4% of residents hold a bachelor's degree or higher.

Population

45,551

Median income

$58,479

Median age

44.1

Renters

51.4%

Age distribution

19.1%

20.1%

26.2%

17%

17.7%

Under 1819.1%

18–3420.1%

35–5426.2%

55–6417%

65+17.7%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

17.4%

94.9%

White17.4%

Black1%

Hispanic94.9%

Education (25+)

17.1%

30.1%

24.5%

28.4%

No HS diploma17.1%

HS diploma30.1%

Some college24.5%

Bachelor's+28.4%

Housing tenure

48.6%

51.4%

Owner48.6%

Renter51.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 33016 in Hialeah, FL has changed in 5 years

Rent

$2,024 → $2,413

up 19.2%

Income

$50,418 → $58,479

up 16.0%

Population

46,498 → 45,551

down 2.0%

Renter share

48.8% → 51.4%

+2.6 pts

Bachelor's+

25% → 28.4%

+3.4 pts

Median age

43.1 → 44.1

+1.0 yrs

Across the past five years, the going rent in ZIP 33016 in Hialeah, FL has shifted from $2,024 to $2,413, up 19.2% since 2022. Local incomes tracked alongside that move, going from a median of $50,418 in 2021 to $58,479 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33016 in Hialeah, FL losing about 947 residents over the five-year window, down 2.0% on net. The renter share has risen from 48.8% to 51.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 25% to 28.4% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 33016 in Hialeah, FL market of 2022.

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About renting in ZIP 33016

Last updated: October 17, 2026

ZIP code 33016 covers Hialeah, FL. The median rent here is $2,413/mo as of October 2026. A 1-bedroom rents for a median of $2,140/mo. A 2-bedroom rents for a median of $2,610/mo.

At 50% of local median household income ($58,479/yr), ZIP 33016 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33016?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (about $47/hour full-time) to afford the median rent of $2,413/mo in ZIP 33016. The local median household income is $58,479/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33016?

Rent in ZIP 33016 has been roughly flat over the past year as of September 2026, a +0.5% change. It sits 0.9% below its high of $2,434 in May 2026.

How does ZIP 33016 compare to other ZIPs in Florida?

ZIP 33016 is one of the pricier among Florida ZIP codes for rent, ranking #176 of 656 at $2,413/mo. Over the year to September 2026, rent in ZIP 33016 changed +0.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.