ZIP Code · FL

ZIP 33032

Part of Homestead, FL

Pop. 65,132·Miami-Dade County·125th most expensive ZIP in Florida

Median rent (all units)

$2,580/mo

Year-over-Year

+4.0%

Month-over-Month

+0.7%

vs US Median

+$648

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 33032 · $2,580

More expensive than 82% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,720

1 BR

$1,880

2 BR

$2,290

3 BR

$2,940

4 BR+

$3,400

Research median

$2,290/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

Cheapest month to sign

November. Asking rents in ZIP 33032 usually run 1.9% below trend in November and 1.8% above it in July, about $95 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 33032 is 0.6% below its high of $2,596 in July 2025, at $2,580 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33032 changed +4.0% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($73,429) is $1,836 a month. That covers HUD's Fair Market Rent for up to a studio ($1,720); a 1-bedroom is $1,880.

Rank in Homestead

3rd cheapest of 4 ZIP codes in Homestead.

Cheaper nearby

ZIP 33035, 8 miles away, rents for 13% less ($2,239/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33032. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$30,960/yr

At $2,580/mo median

Location

CityHomestead

StateFL

CountyMiami-Dade County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 33032 (Homestead, FL) is majority owner-occupied, has a large share of families with children, 24.9% of residents hold a bachelor's degree or higher.

Population

65,132

Median income

$73,429

Median age

Renters

42.2%

Age distribution

27.2%

26.5%

27.9%

Under 1827.2%

18–3426.5%

35–5427.9%

55–6410%

65+8.5%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

28.6%

17.5%

70.9%

White28.6%

Black17.5%

Hispanic70.9%

Asian0.6%

Education (25+)

14.9%

33.7%

26.4%

24.9%

No HS diploma14.9%

HS diploma33.7%

Some college26.4%

Bachelor's+24.9%

Housing tenure

57.8%

42.2%

Owner57.8%

Renter42.2%

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

2022 vs 2026

How ZIP 33032 in Homestead, FL has changed in 5 years

Rent

$2,232 → $2,580

up 15.6%

Income

$64,109 → $73,429

up 14.5%

Population

54,545 → 65,132

up 19.4%

Renter share

41.4% → 42.2%

+0.8 pts

Bachelor's+

25.7% → 24.9%

-0.8 pts

Median age

33.7 → 33

-0.7 yrs

The median rent in ZIP 33032 in Homestead, FL stood at $2,232 in 2022 and currently runs about $2,580, reflecting a 15.6% increase over the period. On the earnings side, the typical household in ZIP 33032 in Homestead, FL now reports about $73,429, up from $64,109 in 2021. The population has grown by 19.4% since 2021, moving from about 54,545 residents to roughly 65,132. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 33032 in Homestead, FL reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 33032

Last updated: October 17, 2026

ZIP code 33032 covers Homestead, FL. The median rent here is $2,580/mo as of October 2026. A 1-bedroom rents for a median of $1,880/mo. A 2-bedroom rents for a median of $2,290/mo.

At 42% of local median household income ($73,429/yr), ZIP 33032 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33032?

To keep rent at or below 30% of gross income, you would need to earn at least $103,000/year (about $50/hour full-time) to afford the median rent of $2,580/mo in ZIP 33032. The local median household income is $73,429/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33032?

Rent in ZIP 33032 has risen 4.0% over the past year as of September 2026. It sits 0.6% below its high of $2,596 in July 2025.

When is the cheapest time to rent in ZIP 33032?

Asking rents in ZIP 33032 are usually lowest in November, about 1.9% below their yearly trend, and highest in July, about 1.8% above it. At today's median that is a gap of roughly $95 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 33032 compare to other ZIPs in Florida?

ZIP 33032 is one of the pricier among Florida ZIP codes for rent, ranking #125 of 656 at $2,580/mo. Over the year to September 2026, rent in ZIP 33032 changed +4.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.