ZIP Code · FL

ZIP 33196

Pop. 54,668·Miami-Dade County·126th most expensive ZIP in Florida
Median rent (all units)
$2,570/mo
Year-over-Year
+2.7%
Month-over-Month
+1.3%
vs US Median
+$638
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33196 · $2,570
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
$2,250
1 BR
$2,460
2 BR
$3,000
3 BR
$3,850
4 BR+
$4,450
Research median
$3,000/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

April. Asking rents in ZIP 33196 usually run 0.4% below trend in April and 0.5% above it in October, about $23 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 33196 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Florida

Rent in ZIP 33196 changed +2.7% 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 33196 rose 52.6% while median household income rose 23.7% ($76,787 to $94,961). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33196 is 52.2% 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 9 of the last 12 months.

What a typical income covers

30% of the median household income ($94,961) is $2,374 a month. That covers HUD's Fair Market Rent for up to a studio ($2,250); a 1-bedroom is $2,460.

Cheaper nearby

ZIP 33176, 8 miles away, rents for 12% less ($2,266/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33196. 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
$30,840/yr
At $2,570/mo median
Location
StateFL
CountyMiami-Dade County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.7% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 33196 (The Hammocks, FL) is majority owner-occupied, has a median income above the national average, 39.8% of residents hold a bachelor's degree or higher.

Population
54,668
Median income
$94,961
Median age
40.9
Renters
32.7%
Age distribution
21%
22.1%
27.8%
14.4%
14.8%
Under 1821%
18–3422.1%
35–5427.8%
55–6414.4%
65+14.8%
Gender
51.2%
48.8%
Male51.2%
Female48.8%
Race & ethnicity
25%
80.1%
White25%
Black4.4%
Hispanic80.1%
Asian2.5%
Education (25+)
23.2%
26.8%
39.8%
No HS diploma10.2%
HS diploma23.2%
Some college26.8%
Bachelor's+39.8%
Housing tenure
67.3%
32.7%
Owner67.3%
Renter32.7%

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

2021 vs 2026

How ZIP 33196 in The Hammocks, FL has changed in 5 years

Rent
$1,747 → $2,570
up 47.1%
Income
$82,422 → $94,961
up 15.2%
Population
55,287 → 54,668
down 1.1%
Renter share
31.7% → 32.7%
+1.0 pts
Bachelor's+
38% → 39.8%
+1.8 pts
Median age
38.4 → 40.9
+2.5 yrs

Five years ago, renters in ZIP 33196 in The Hammocks, FL paid around $1,747 a month. That figure now sits near $2,570, up 47.1% from the 2021 baseline. On the earnings side, the typical household in ZIP 33196 in The Hammocks, FL now reports about $94,961, up from $82,422 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33196 in The Hammocks, FL losing about 619 residents over the five-year window, down 1.1% on net. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 33196 in The Hammocks, FL reflects that arc in its own way.

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About renting in ZIP 33196

Last updated: October 17, 2026

ZIP code 33196 covers The Hammocks, FL. The median rent here is $2,570/mo as of October 2026. A 1-bedroom rents for a median of $2,460/mo. A 2-bedroom rents for a median of $3,000/mo.

At 32% of local median household income ($94,961/yr), ZIP 33196 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33196?

To keep rent at or below 30% of gross income, you would need to earn at least $103,000/year (about $50/hour full-time) to afford the median rent of $2,570/mo in ZIP 33196. The local median household income is $94,961/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33196?

Rent in ZIP 33196 has risen 2.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 33196?

Asking rents in ZIP 33196 are usually lowest in April, about 0.4% below their yearly trend, and highest in October, about 0.5% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 33196?

Yes. From 2019 to 2024, rent in ZIP 33196 rose 52.6% while median household income rose 23.7%, from $76,787 to $94,961. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33196 compare to other ZIPs in Florida?

ZIP 33196 is one of the pricier among Florida ZIP codes for rent, ranking #126 of 656 at $2,570/mo. Over the year to September 2026, rent in ZIP 33196 changed +2.7%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 33196 compare to the rest of The Hammocks?

At $2,570/mo, ZIP 33196 is $110 above the The Hammocks citywide median of $2,460/mo.
Income Affordability
32%
MODERATE

At $2,570/mo, rent takes ~32% of ZIP 33196's median household income ($94,961/yr). The standard benchmark is 30%.

ZIP 33196 32%Benchmark 30%
State income taxNone
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Public schools near ZIP 33196 (The Hammocks, FL)

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