ZIP 33616
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 33616 usually run 0.9% below trend in January and 1% above it in August, about $41 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 33616 is 2.3% below its high of $2,211 in April 2025, at $2,160 as of September 2026.
Rent in ZIP 33616 changed -1.9% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 33616 rose 59.2% while median household income rose 47.8% ($63,074 to $93,210). Rent outpaced income.
Rent in ZIP 33616 is 57.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 4 of the last 12 months.
30% of the median household income ($93,210) is $2,330 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,300); a 3-bedroom is $2,940.
10th cheapest of 16 ZIP codes in Tampa.
ZIP 33702, 6 miles away, rents for 18% less ($1,769/mo), about $4,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33616. 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.
Who lives here
ZIP 33616 (Tampa, FL) is roughly split between renters and owners, has a median income above the national average, 48.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33616 in Tampa, FL has changed in 5 years
Compared with 2021, rent in ZIP 33616 in Tampa, FL has increased by $647 per month, settling near $2,160 after starting the period at $1,513. Local incomes tracked alongside that move, going from a median of $74,245 in 2021 to $93,210 more recently. Rent outpaced income growth by roughly 17.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 14,531 to 15,830 between 2021 and 2024, a 8.9% change. About 52% of households rent today, against 49.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 42.5% to 48.5%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 33616 in Tampa, FL market of 2021.
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Tips for renters in ZIP 33616
Last updated: October 17, 2026
ZIP code 33616 covers Tampa, FL. The median rent here is $2,160/mo as of October 2026. A 1-bedroom rents for a median of $1,970/mo. A 2-bedroom rents for a median of $2,300/mo.
At 28% of local median household income ($93,210/yr), ZIP 33616 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.
Frequently asked questions
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How does ZIP 33616 compare to other ZIPs in Florida?
How does ZIP 33616 compare to the rest of Tampa?
At $2,160/mo, rent takes ~28% of ZIP 33616's median household income ($93,210/yr). The standard benchmark is 30%.
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