ZIP Code · FL

ZIP 33042

Part of Summerland key, FL

Pop. 6,441·Monroe County·10th most expensive ZIP in Florida

Median rent (all units)

$5,050/mo

Year-over-Year

Stable

Month-over-Month

-16.8%

vs US Median

+$3,118

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 33042 · $5,050

More expensive than 99% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,010

1 BR

$2,570

2 BR

$2,910

3 BR

$3,840

4 BR+

$3,850

Research median

$2,910/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($103,041) is $2,576 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,570); a 2-bedroom is $2,910.

From Zillow's monthly rent index (ZORI) for ZIP 33042. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$60,600/yr

At $5,050/mo median

Location

CitySummerland key

StateFL

CountyMonroe County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -16.8% MoM), not inventory.

Demographics

Who lives here

ZIP 33042 (Summerland key, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 46.7% of residents hold a bachelor's degree or higher.

Population

6,441

Median income

$103,041

Median age

52.5

Renters

17.3%

Age distribution

15.2%

14.5%

24.6%

16.2%

29.6%

Under 1815.2%

18–3414.5%

35–5424.6%

55–6416.2%

65+29.6%

Gender

52.2%

47.8%

Male52.2%

Female47.8%

Race & ethnicity

84.1%

14.1%

White84.1%

Hispanic14.1%

Other1.3%

Education (25+)

22.2%

27.8%

46.7%

No HS diploma3.3%

HS diploma22.2%

Some college27.8%

Bachelor's+46.7%

Housing tenure

82.7%

17.3%

Owner82.7%

Renter17.3%

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

2021 vs 2026

How ZIP 33042 in Summerland key, FL has changed in 5 years

Income

$95,365 → $103,041

up 8.0%

Population

7,054 → 6,441

down 8.7%

Renter share

21.8% → 17.3%

-4.5 pts

Bachelor's+

41.7% → 46.7%

+5.0 pts

Median age

50.4 → 52.5

+2.1 yrs

Household income in the area moved from $95,365 to $103,041 across the same window, up 8.0% versus 2021. The population has contracted by 8.7% since 2021, moving from about 7,054 residents to roughly 6,441. Renters now make up 17.3% of households, compared with 21.8% five years ago. College-educated residents now make up 46.7% of adults here, versus 41.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 33042

About renting in ZIP 33042

Last updated: September 25, 2026

ZIP code 33042 covers Summerland key, FL. The median rent here is $5,050/mo as of September 2026. A 1-bedroom rents for a median of $2,570/mo. A 2-bedroom rents for a median of $2,910/mo.

At 59% of local median household income ($103,041/yr), ZIP 33042 ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33042?

To keep rent at or below 30% of gross income, you would need to earn at least $202,000/year (about $97/hour full-time) to afford the median rent of $5,050/mo in ZIP 33042. The local median household income is $103,041/yr, so the typical household falls short of that bar.