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ZIP Code · FL

ZIP 33042

Pop. 6,441·Monroe County·7th most expensive ZIP in Florida
Median rent (all units)
$6,067/mo
Year-over-Year
Stable
Month-over-Month
+1.3%
vs US Median
+$4,102
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33042 · $6,067
More expensive than 99% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$72,804/yr
At $6,067/mo median
Location
StateFL
CountyMonroe County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.3% 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

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About renting in ZIP 33042

Last updated: July 20, 2026

ZIP code 33042 covers Summerland key, FL. The median rent here is $6,067/mo as of July 2026. A 1-bedroom rents for a median of $2,570/mo. A 2-bedroom rents for a median of $2,910/mo.

At 71% 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 is rent in ZIP code 33042?

As of July 20, 2026, the median monthly rent in ZIP 33042 (Summerland key, FL) is $6,067. This is based on aggregated data from public sources and community submissions.

How does ZIP 33042 rent compare to the US average?

ZIP 33042's median rent of $6,067/mo is $4,102 (209%) above the US national median of $1,965/mo.

How does ZIP 33042 compare to other ZIPs in Florida?

ZIP 33042 is one of the pricier ZIP codes in Florida, ranking #7 out of 662 ZIPs tracked at $6,067/mo.

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 $243,000/year (~$117/hour full-time) to afford the median rent of $6,067/mo in ZIP 33042. The local median household income is $103,041/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33042?

Rent in ZIP 33042 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 33042 an affordable place to rent?

ZIP 33042 is considered expensive for renters. At $6,067/mo, rent takes approximately 71% of the local median household income ($103,041/yr). The standard benchmark is 30%. ZIP 33042 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 33042 residents rent vs. own?

According to Census data, approximately 17.3% of ZIP 33042 households are renters, while 82.7% are owner-occupied. ZIP 33042 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 33042 last updated?

Rent data for ZIP 33042 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
71%
EXPENSIVE

At $6,067/mo, rent takes ~71% of ZIP 33042's median household income ($103,041/yr). The standard benchmark is 30%.

ZIP 33042 71%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33042 (Summerland key, FL)

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