ZIP 33993
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12-month history
Last updated: October 17, 2026
What the numbers show
October. Asking rents in ZIP 33993 usually run 0.8% below trend in October and 0.8% above it in March, about $33 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 33993 is 2.6% below its high of $2,109 in April 2023, at $2,054 as of September 2026.
Rent in ZIP 33993 changed +5.5% 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 33993 rose 54.9% while median household income rose 33.8% ($67,680 to $90,577). Rent outpaced income.
Rent in ZIP 33993 is 54.2% 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 8 of the last 12 months.
30% of the median household income ($90,577) is $2,264 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,110); a 2-bedroom is $2,520.
6th cheapest of 6 ZIP codes in Cape Coral.
ZIP 33909, 5 miles away, rents for 12% less ($1,814/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33993. 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 33993 (Cape Coral, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 24.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33993 in Cape Coral, FL has changed in 5 years
Rent in ZIP 33993 in Cape Coral, FL has increased 32.2% since 2021, going from about $1,554 per month to roughly $2,054 today. Census figures show median household income at $90,577 today, compared with $74,807 five years earlier. Rent outpaced income growth by roughly 11.1 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 29,502 to 35,580 between 2021 and 2024, a 20.6% change. About 12.6% of households rent today, against 15.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.2% to 24.9%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 33993
Last updated: October 17, 2026
ZIP code 33993 covers Cape Coral, FL. The median rent here is $2,054/mo as of October 2026. A 1-bedroom rents for a median of $1,605/mo. A 2-bedroom rents for a median of $1,917/mo.
At 27% of local median household income ($90,577/yr), ZIP 33993 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.
Frequently asked questions
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How does ZIP 33993 compare to the rest of Cape Coral?
At $2,054/mo, rent takes ~27% of ZIP 33993's median household income ($90,577/yr). The standard benchmark is 30%.
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