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ZIP Code · FL

ZIP 33127

Part of Miami, FL
Pop. 26,786·Miami-Dade County·66th most expensive ZIP in Florida
Median rent (all units)
$2,959/mo
Year-over-Year
Stable
Month-over-Month
+1.3%
vs US Median
+$994
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33127 · $2,959
More expensive than 89% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,750
2 BR
$2,140
3 BR
$2,750
4 BR+
$3,170
Research median
$2,140/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
$35,508/yr
At $2,959/mo median
Location
CityMiami
StateFL
CountyMiami-Dade 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 33127 (Miami, FL) is majority renter-occupied, has a median income below the national average, 12.4% of residents hold a bachelor's degree or higher.

Population
26,786
Median income
$41,230
Median age
37.4
Renters
73.1%
Age distribution
22.9%
23.9%
23.8%
13.8%
15.6%
Under 1822.9%
18–3423.9%
35–5423.8%
55–6413.8%
65+15.6%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
41.5%
53.7%
White10.2%
Black41.5%
Hispanic53.7%
Education (25+)
28%
35.8%
23.8%
12.4%
No HS diploma28%
HS diploma35.8%
Some college23.8%
Bachelor's+12.4%
Housing tenure
26.9%
73.1%
Owner26.9%
Renter73.1%

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

2021 vs 2026

How ZIP 33127 in Miami, FL has changed in 5 years

Rent
$1,982 → $2,959
up 49.3%
Income
$34,102 → $41,230
up 20.9%
Population
29,097 → 26,786
down 7.9%
Renter share
70.3% → 73.1%
+2.8 pts
Bachelor's+
14.3% → 12.4%
-1.9 pts

The median rent in ZIP 33127 in Miami, FL stood at $1,982 in 2021 and currently runs about $2,959, reflecting a 49.3% increase over the period. Census figures show median household income at $41,230 today, compared with $34,102 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 7.9% since 2021, moving from about 29,097 residents to roughly 26,786. Renters now make up 73.1% of households, compared with 70.3% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 33127

About renting in ZIP 33127

Last updated: July 20, 2026

ZIP code 33127 covers Miami, FL. The median rent here is $2,959/mo as of July 2026. A 1-bedroom rents for a median of $1,750/mo. A 2-bedroom rents for a median of $2,140/mo.

At 86% of local median household income ($41,230/yr), ZIP 33127 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 0.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33127?

As of July 20, 2026, the median monthly rent in ZIP 33127 (Miami, FL) is $2,959. This is based on aggregated data from public sources and community submissions.

How does ZIP 33127 rent compare to the US average?

ZIP 33127's median rent of $2,959/mo is $994 (51%) above the US national median of $1,965/mo.

How does ZIP 33127 compare to other ZIPs in Florida?

ZIP 33127 is one of the pricier ZIP codes in Florida, ranking #66 out of 662 ZIPs tracked at $2,959/mo.

How much income do you need to rent in ZIP 33127?

To keep rent at or below 30% of gross income, you would need to earn at least $118,000/year (~$57/hour full-time) to afford the median rent of $2,959/mo in ZIP 33127. The local median household income is $41,230/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33127?

Rent in ZIP 33127 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 33127 an affordable place to rent?

ZIP 33127 is considered expensive for renters. At $2,959/mo, rent takes approximately 86% of the local median household income ($41,230/yr). The standard benchmark is 30%. ZIP 33127 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 33127 residents rent vs. own?

According to Census data, approximately 73.1% of ZIP 33127 households are renters, while 26.9% are owner-occupied. With a majority renter population, ZIP 33127 has a strong rental market.

How does ZIP 33127 compare to the rest of Miami?

ZIP 33127 is more affordable than Miami overall. At $2,959/mo, it's $45 below the Miami citywide median of $3,004/mo.

When was rent data for ZIP 33127 last updated?

Rent data for ZIP 33127 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
86%
EXPENSIVE

At $2,959/mo, rent takes ~86% of ZIP 33127's median household income ($41,230/yr). The standard benchmark is 30%.

ZIP 33127 86%Benchmark 30%
State income taxNone
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