ZIP Code · FL

ZIP 33914

Pop. 45,540·Lee County·389th most expensive ZIP in Florida
Median rent (all units)
$1,969/mo
Year-over-Year
-2.2%
Month-over-Month
Stable
vs US Median
+$37
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 33914 · $1,969
More expensive than 60% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,740
1 BR
$1,750
2 BR
$2,100
3 BR
$2,740
4 BR+
$3,040
Research median
$2,100/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 33914 usually run 0.4% below trend in April and 0.5% above it in October, about $18 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 33914 is 8.8% below its high of $2,158 in April 2023, at $1,969 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33914 changed -2.2% 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 33914 rose 60.9% while median household income rose 27.7% ($65,381 to $83,503). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33914 is 47.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

What a typical income covers

30% of the median household income ($83,503) is $2,088 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,750); a 2-bedroom is $2,100.

Rank in Cape Coral

4th cheapest of 6 ZIP codes in Cape Coral.

Cheaper nearby

ZIP 33919, 7 miles away, rents for 13% less ($1,713/mo), about $3,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33914. 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
$23,628/yr
At $1,969/mo median
Location
StateFL
CountyLee County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.2% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 33914 (Cape Coral, FL) is majority owner-occupied, has a large retiree population, 30.5% of residents hold a bachelor's degree or higher.

Population
45,540
Median income
$83,503
Median age
54.6
Renters
20.6%
Age distribution
13.6%
13.5%
23.6%
19.1%
30.2%
Under 1813.6%
18–3413.5%
35–5423.6%
55–6419.1%
65+30.2%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
76.8%
19.7%
White76.8%
Black3.2%
Hispanic19.7%
Education (25+)
30.6%
33.5%
30.5%
No HS diploma5.4%
HS diploma30.6%
Some college33.5%
Bachelor's+30.5%
Housing tenure
79.4%
20.6%
Owner79.4%
Renter20.6%

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

2021 vs 2026

How ZIP 33914 in Cape Coral, FL has changed in 5 years

Rent
$1,498 → $1,969
up 31.4%
Income
$67,034 → $83,503
up 24.6%
Population
42,036 → 45,540
up 8.3%
Renter share
19.3% → 20.6%
+1.3 pts
Bachelor's+
25.3% → 30.5%
+5.2 pts

Five years ago, renters in ZIP 33914 in Cape Coral, FL paid around $1,498 a month. That figure now sits near $1,969, up 31.4% from the 2021 baseline. On the earnings side, the typical household in ZIP 33914 in Cape Coral, FL now reports about $83,503, up from $67,034 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33914 in Cape Coral, FL adding about 3,504 residents over the five-year window, up 8.3% on net. Bachelor's-degree-or-higher attainment moved from 25.3% to 30.5% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 33914 in Cape Coral, FL reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 33914

Last updated: October 17, 2026

ZIP code 33914 covers Cape Coral, FL. The median rent here is $1,969/mo as of October 2026. A 1-bedroom rents for a median of $1,750/mo. A 2-bedroom rents for a median of $2,100/mo.

At 28% of local median household income ($83,503/yr), ZIP 33914 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 income do you need to rent in ZIP 33914?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,969/mo in ZIP 33914. The local median household income is $83,503/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 33914?

Rent in ZIP 33914 has fallen 2.2% over the past year as of September 2026. It sits 8.8% below its high of $2,158 in April 2023.

When is the cheapest time to rent in ZIP 33914?

Asking rents in ZIP 33914 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 $18 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 33914?

Yes. From 2019 to 2024, rent in ZIP 33914 rose 60.9% while median household income rose 27.7%, from $65,381 to $83,503. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33914 compare to other ZIPs in Florida?

ZIP 33914 is in the middle among Florida ZIP codes for rent, ranking #389 of 656 at $1,969/mo. Over the year to September 2026, rent in ZIP 33914 changed -2.2%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 33914 compare to the rest of Cape Coral?

At $1,969/mo, ZIP 33914 is $16 above the Cape Coral citywide median of $1,953/mo. It is the 4th cheapest of 6 ZIP codes in Cape Coral.
Income Affordability
28%
AFFORDABLE

At $1,969/mo, rent takes ~28% of ZIP 33914's median household income ($83,503/yr). The standard benchmark is 30%.

ZIP 33914 28%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33914 (Cape Coral, FL)

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