ZIP Code · FL

ZIP 33161

Part of North Miami, FL

Pop. 54,814·Miami-Dade County·291st most expensive ZIP in Florida

Median rent (all units)

$2,137/mo

Year-over-Year

+3.0%

Month-over-Month

Stable

vs US Median

+$205

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 33161 · $2,137

More expensive than 68% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,820

1 BR

$1,980

2 BR

$2,420

3 BR

$3,110

4 BR+

$3,590

Research median

$2,420/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

Compared with the peak

Rent in ZIP 33161 is 0% below its high of $2,137 in August 2026, at $2,137 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33161 changed +3.0% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

What a typical income covers

30% of the median household income ($58,325) is $1,458 a month. That is less than HUD's Fair Market Rent for a studio ($1,820).

Rank in North Miami

1st cheapest of 3 ZIP codes in North Miami.

From Zillow's monthly rent index (ZORI) for ZIP 33161. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,644/yr

At $2,137/mo median

Location

CityNorth Miami

StateFL

CountyMiami-Dade County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.0% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 33161 (North Miami, FL) is majority renter-occupied, has a median income below the national average, 23.9% of residents hold a bachelor's degree or higher.

Population

54,814

Median income

$58,325

Median age

38.1

Renters

56%

Age distribution

22.1%

23.7%

26.5%

12.2%

15.5%

Under 1822.1%

18–3423.7%

35–5426.5%

55–6412.2%

65+15.5%

Gender

49.9%

50.1%

Male49.9%

Female50.1%

Race & ethnicity

14.7%

53.4%

32.9%

White14.7%

Black53.4%

Hispanic32.9%

Asian2.4%

Education (25+)

19%

33.7%

23.4%

23.9%

No HS diploma19%

HS diploma33.7%

Some college23.4%

Bachelor's+23.9%

Housing tenure

44%

56%

Owner44%

Renter56%

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

2022 vs 2026

How ZIP 33161 in North Miami, FL has changed in 5 years

Rent

$1,892 → $2,137

up 12.9%

Income

$44,779 → $58,325

up 30.3%

Population

54,241 → 54,814

up 1.1%

Renter share

57.8% → 56%

-1.8 pts

Bachelor's+

19.7% → 23.9%

+4.2 pts

Median age

37.2 → 38.1

+0.9 yrs

Five years ago, renters in ZIP 33161 in North Miami, FL paid around $1,892 a month. That figure now sits near $2,137, up 12.9% from the 2022 baseline. Median household income climbed from $44,779 to $58,325 between 2021 and 2024, a 30.3% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 33161 in North Miami, FL adding about 573 residents over the five-year window, up 1.1% on net. The renter share has eased from 57.8% to 56%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 19.7% to 23.9% across the same window. Taken together, the five-year picture in ZIP 33161 in North Miami, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 33161

Last updated: October 17, 2026

ZIP code 33161 covers North Miami, FL. The median rent here is $2,137/mo as of October 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,420/mo.

At 44% of local median household income ($58,325/yr), ZIP 33161 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33161?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,137/mo in ZIP 33161. The local median household income is $58,325/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33161?

Rent in ZIP 33161 has risen 3.0% over the past year as of September 2026. It sits 0% below its high of $2,137 in August 2026.

How does ZIP 33161 compare to other ZIPs in Florida?

ZIP 33161 is in the middle among Florida ZIP codes for rent, ranking #291 of 656 at $2,137/mo. Over the year to September 2026, rent in ZIP 33161 changed +3.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.