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ZIP Code · FL

ZIP 33616

Part of Tampa, FL
Pop. 15,830·Hillsborough County·316th most expensive ZIP in Florida
Median rent (all units)
$2,137/mo
Year-over-Year
-2.2%
Month-over-Month
+0.8%
vs US Median
+$207
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33616 · $2,137
More expensive than 68% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,850
1 BR
$1,970
2 BR
$2,300
3 BR
$2,940
4 BR+
$3,580
Research median
$2,300/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: May 18, 2026

Annual cost
$25,644/yr
At $2,137/mo median
Location
CityTampa
StateFL
CountyHillsborough County
Demographics

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.

Population
15,830
Median income
$93,210
Median age
35.2
Renters
52%
Age distribution
22.3%
27.1%
28.2%
Under 1822.3%
18–3427.1%
35–5428.2%
55–6412%
65+10.4%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
62.8%
12.7%
16.6%
White62.8%
Black12.7%
Hispanic16.6%
Asian3.6%
Other4.4%
Education (25+)
23.8%
23.3%
48.5%
No HS diploma4.4%
HS diploma23.8%
Some college23.3%
Bachelor's+48.5%
Housing tenure
48%
52%
Owner48%
Renter52%

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

2021 vs 2026

How ZIP 33616 in Tampa, FL has changed in 5 years

Rent
$1,475 → $2,137
up 44.9%
Income
$74,245 → $93,210
up 25.5%
Population
14,531 → 15,830
up 8.9%
Renter share
49.1% → 52%
+2.9 pts
Bachelor's+
42.5% → 48.5%
+6.0 pts
Median age
37.5 → 35.2
-2.3 yrs

Compared with 2021, rent in ZIP 33616 in Tampa, FL has increased by $662 per month, settling near $2,137 after starting the period at $1,475. 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 19.4 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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About renting in ZIP 33616

Last updated: May 18, 2026

ZIP code 33616 covers Tampa, FL. The median rent here is $2,137/mo as of May 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 2.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33616?

As of May 18, 2026, the median monthly rent in ZIP 33616 (Tampa, FL) is $2,137. This is based on aggregated data from public sources and community submissions.

How does ZIP 33616 rent compare to the US average?

ZIP 33616's median rent of $2,137/mo is $207 (11%) above the US national median of $1,930/mo.

How does ZIP 33616 compare to other ZIPs in Florida?

ZIP 33616 falls in the middle range for Florida, ranking #316 out of 667 ZIPs at $2,137/mo.

How much income do you need to rent in ZIP 33616?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (~$41/hour full-time) to afford the median rent of $2,137/mo in ZIP 33616. The local median household income is $93,210/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 33616?

Rent in ZIP 33616 has decreased 2.2% over the past year as of May 18, 2026, offering some relief compared to 12 months ago.

Is ZIP 33616 an affordable place to rent?

ZIP 33616 is considered affordable for renters. At $2,137/mo, rent takes approximately 28% of the local median household income ($93,210/yr). The standard benchmark is 30%. ZIP 33616 falls comfortably within that range.

What percentage of ZIP 33616 residents rent vs. own?

According to Census data, approximately 52% of ZIP 33616 households are renters, while 48% are owner-occupied. With a majority renter population, ZIP 33616 has a strong rental market.

How does ZIP 33616 compare to the rest of Tampa?

ZIP 33616 is pricier than Tampa as a whole. At $2,137/mo, it's $186 above the Tampa citywide median of $1,951/mo.

When was rent data for ZIP 33616 last updated?

Rent data for ZIP 33616 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
28%
AFFORDABLE

At $2,137/mo, rent takes ~28% of ZIP 33616's median household income ($93,210/yr). The standard benchmark is 30%.

ZIP 33616 28%Benchmark 30%
State income taxNone
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