ZIP Code · FL

ZIP 33542

Part of Zephyrhills, FL

Pop. 23,612·Pasco County·616th most expensive ZIP in Florida

Median rent (all units)

$1,503/mo

Year-over-Year

+1.0%

Month-over-Month

+0.4%

vs US Median

-$429

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 33542 · $1,503

More affordable than 73% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,180

1 BR

$1,260

2 BR

$1,470

3 BR

$1,880

4 BR+

$2,290

Research median

$1,470/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 33542 is 2.1% below its high of $1,536 in April 2025, at $1,503 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33542 changed +1.0% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($49,316) is $1,233 a month. That covers HUD's Fair Market Rent for up to a studio ($1,180); a 1-bedroom is $1,260.

From Zillow's monthly rent index (ZORI) for ZIP 33542. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,036/yr

At $1,503/mo median

Location

CityZephyrhills

StateFL

CountyPasco County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.0% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 33542 (Zephyrhills, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.

Population

23,612

Median income

$49,316

Median age

53.2

Renters

27.5%

Age distribution

16.8%

16.6%

18.7%

14.4%

33.4%

Under 1816.8%

18–3416.6%

35–5418.7%

55–6414.4%

65+33.4%

Gender

44.4%

55.6%

Male44.4%

Female55.6%

Race & ethnicity

77.4%

16%

White77.4%

Black5.6%

Hispanic16%

Asian1%

Education (25+)

37.9%

34.7%

16.5%

No HS diploma10.9%

HS diploma37.9%

Some college34.7%

Bachelor's+16.5%

Housing tenure

72.5%

27.5%

Owner72.5%

Renter27.5%

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

2022 vs 2026

How ZIP 33542 in Zephyrhills, FL has changed in 5 years

Rent

$1,299 → $1,503

up 15.7%

Income

$40,765 → $49,316

up 21.0%

Population

23,134 → 23,612

up 2.1%

Renter share

30.1% → 27.5%

-2.6 pts

Bachelor's+

14.5% → 16.5%

+2.0 pts

Median age

52.6 → 53.2

+0.6 yrs

Rent in ZIP 33542 in Zephyrhills, FL has increased 15.7% since 2022, going from about $1,299 per month to roughly $1,503 today. Median household income grew from $40,765 to $49,316 between 2021 and 2024, a 21.0% shift. Income growth outran rent by about 5.3 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 23,134 to 23,612 between 2021 and 2024, a 2.1% change. About 27.5% of households rent today, against 30.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 14.5% to 16.5%. Taken together, the five-year picture in ZIP 33542 in Zephyrhills, 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 33542

Last updated: October 17, 2026

ZIP code 33542 covers Zephyrhills, FL. The median rent here is $1,503/mo as of October 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,470/mo.

At 37% of local median household income ($49,316/yr), ZIP 33542 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33542?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,503/mo in ZIP 33542. The local median household income is $49,316/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33542?

Rent in ZIP 33542 has risen 1.0% over the past year as of September 2026. It sits 2.1% below its high of $1,536 in April 2025.

How does ZIP 33542 compare to other ZIPs in Florida?

ZIP 33542 is one of the more affordable among Florida ZIP codes for rent, ranking #616 of 656 at $1,503/mo. Over the year to September 2026, rent in ZIP 33542 changed +1.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.