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12-month history
Last updated: October 17, 2026
What the numbers show
June. Asking rents in ZIP 33928 usually run 1.9% below trend in June and 1.8% above it in December, about $93 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 33928 is 5.8% below its high of $2,676 in January 2023, at $2,520 as of September 2026.
Rent in ZIP 33928 changed +2.9% 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 33928 rose 62.1% while median household income rose 29.8% ($79,078 to $102,624). Rent outpaced income.
Rent in ZIP 33928 is 57.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($102,624) is $2,566 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,550); a 3-bedroom is $3,330.
ZIP 33913, 8 miles away, rents for 21% less ($1,988/mo), about $6,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33928. 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 33928 (Estero, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33928 in Estero, FL has changed in 5 years
Rent in ZIP 33928 in Estero, FL has increased 40.5% since 2021, going from about $1,794 per month to roughly $2,520 today. Household income in the area moved from $89,220 to $102,624 across the same window, up 15.0% versus 2021. Rent outpaced income growth by roughly 25.5 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 28,600 to 31,926 between 2021 and 2024, a 11.6% change. About 12.6% of households rent today, against 14.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 45.2% to 48.9%. Reading these numbers side by side helps frame whether current listings in ZIP 33928 in Estero, FL look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 33928
Last updated: October 17, 2026
ZIP code 33928 covers Estero, FL. The median rent here is $2,520/mo as of October 2026. A 1-bedroom rents for a median of $2,130/mo. A 2-bedroom rents for a median of $2,550/mo.
At 29% of local median household income ($102,624/yr), ZIP 33928 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.
Frequently asked questions
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How does ZIP 33928 compare to other ZIPs in Florida?
How does ZIP 33928 compare to the rest of Estero?
At $2,520/mo, rent takes ~29% of ZIP 33928's median household income ($102,624/yr). The standard benchmark is 30%.
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