ZIP 33991
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12-month history
Last updated: October 17, 2026
What the numbers show
April. Asking rents in ZIP 33991 usually run 0.6% below trend in April and 0.9% above it in December, about $28 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 33991 is 10.5% below its high of $2,082 in December 2022, at $1,864 as of September 2026.
Rent in ZIP 33991 changed +2.4% 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 33991 rose 55.6% while median household income rose 22.1% ($69,179 to $84,470). Rent outpaced income.
Rent in ZIP 33991 is 44.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($84,470) is $2,112 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,030); a 2-bedroom is $2,430.
3rd cheapest of 6 ZIP codes in Cape Coral.
ZIP 33903, 8 miles away, rents for 17% less ($1,556/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33991. 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 33991 (Cape Coral, FL) is majority owner-occupied, has a large retiree population, 27% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33991 in Cape Coral, FL has changed in 5 years
Across the past five years, the going rent in ZIP 33991 in Cape Coral, FL has shifted from $1,455 to $1,864, up 28.1% since 2021. Household income in the area moved from $70,457 to $84,470 across the same window, up 19.9% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33991 in Cape Coral, FL adding about 3,826 residents over the five-year window, up 16.0% on net. Reading these numbers side by side helps frame whether current listings in ZIP 33991 in Cape Coral, FL look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 33991
Last updated: October 17, 2026
ZIP code 33991 covers Cape Coral, FL. The median rent here is $1,864/mo as of October 2026. A 1-bedroom rents for a median of $1,454/mo. A 2-bedroom rents for a median of $1,741/mo.
At 26% of local median household income ($84,470/yr), ZIP 33991 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.
Frequently asked questions
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How does ZIP 33991 compare to other ZIPs in Florida?
How does ZIP 33991 compare to the rest of Cape Coral?
At $1,864/mo, rent takes ~26% of ZIP 33991's median household income ($84,470/yr). The standard benchmark is 30%.
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