ZIP Code · FL

ZIP 33033

Part of Homestead, FL

Pop. 71,458·Miami-Dade County·123rd most expensive ZIP in Florida

Median rent (all units)

$2,595/mo

Year-over-Year

+2.5%

Month-over-Month

+0.7%

vs US Median

+$663

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 33033 · $2,595

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

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Medians by bedroom

Rent by unit size

Studio

$1,660

1 BR

$1,810

2 BR

$2,210

3 BR

$2,840

4 BR+

$3,280

Research median

$2,210/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

January. Asking rents in ZIP 33033 usually run 0.7% below trend in January and 0.9% above it in June, about $42 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 33033 is 0.4% below its high of $2,606 in March 2025, at $2,595 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33033 changed +2.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 33033 rose 63.9% while median household income rose 40.7% ($49,485 to $69,635). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33033 is 63.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($69,635) is $1,741 a month. That covers HUD's Fair Market Rent for up to a studio ($1,660); a 1-bedroom is $1,810.

Rank in Homestead

4th cheapest of 4 ZIP codes in Homestead.

Cheaper nearby

ZIP 33035, 5 miles away, rents for 14% less ($2,239/mo), about $4,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33033. 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

$31,140/yr

At $2,595/mo median

Location

CityHomestead

StateFL

CountyMiami-Dade County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 33033 (Homestead, FL) is majority owner-occupied, has a large share of families with children, 23.9% of residents hold a bachelor's degree or higher.

Population

71,458

Median income

$69,635

Median age

33.1

Renters

43.6%

Age distribution

29.2%

23.8%

28.3%

Under 1829.2%

18–3423.8%

35–5428.3%

55–649.7%

65+9%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

34.4%

18.8%

71%

White34.4%

Black18.8%

Hispanic71%

Asian0.8%

Education (25+)

22.5%

30%

23.6%

23.9%

No HS diploma22.5%

HS diploma30%

Some college23.6%

Bachelor's+23.9%

Housing tenure

56.4%

43.6%

Owner56.4%

Renter43.6%

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

2021 vs 2026

How ZIP 33033 in Homestead, FL has changed in 5 years

Rent

$1,723 → $2,595

up 50.6%

Income

$57,779 → $69,635

up 20.5%

Population

67,265 → 71,458

up 6.2%

Renter share

44.5% → 43.6%

-0.9 pts

Bachelor's+

24.7% → 23.9%

-0.8 pts

Median age

32.4 → 33.1

+0.7 yrs

Since 2021, the typical rent in ZIP 33033 in Homestead, FL has increased from $1,723 to $2,595, a 50.6% change over five years. Census figures show median household income at $69,635 today, compared with $57,779 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 6.2% since 2021, moving from about 67,265 residents to roughly 71,458. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 33033

Last updated: October 17, 2026

ZIP code 33033 covers Homestead, FL. The median rent here is $2,595/mo as of October 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,210/mo.

At 45% of local median household income ($69,635/yr), ZIP 33033 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33033?

To keep rent at or below 30% of gross income, you would need to earn at least $104,000/year (about $50/hour full-time) to afford the median rent of $2,595/mo in ZIP 33033. The local median household income is $69,635/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33033?

Rent in ZIP 33033 has risen 2.5% over the past year as of September 2026. It sits 0.4% below its high of $2,606 in March 2025.

When is the cheapest time to rent in ZIP 33033?

Asking rents in ZIP 33033 are usually lowest in January, about 0.7% below their yearly trend, and highest in June, about 0.9% above it. At today's median that is a gap of roughly $42 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 33033?

Yes. From 2019 to 2024, rent in ZIP 33033 rose 63.9% while median household income rose 40.7%, from $49,485 to $69,635. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33033 compare to other ZIPs in Florida?

ZIP 33033 is one of the pricier among Florida ZIP codes for rent, ranking #123 of 656 at $2,595/mo. Over the year to September 2026, rent in ZIP 33033 changed +2.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.