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Rental Insights for ZIP Code 33177 (Miami, FL)

Housing Rentals in ZIP Code 33177 (Miami, FL)

33177 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33177

The 33177 ZIP Code is primarily located in Miami, FL in Miami-Dade County. The estimated median housing rent in this Florida region is $1,586 per month. Approximately 29.0% of housing units in this Miami-Dade County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 3.9%.

The median rent in ZIP Code 33177 of $1,586 per month is 35% higher than the aggregate Florida median monthly rent of $1,175, and is 49% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 36.7% of residents in ZIP Code 33177 have a monthly rent payment between $1,500 and $1,999. That is 106% higher than in Florida overall, in which 17.8% of total state residents pay between $1,500 and $1,999 per month for housing. Just 0.7% of renters in ZIP Code 33177 pay $3,000 or more for monthly rent.

ZIP Code 33177 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33177

See the chart below for a comparison of monthly rental costs in ZIP Code 33177, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33177 along with those in the state of Florida and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 33177

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 33177 Florida U.S.
Less than $500 3.1% 5.3% 9.4%
$500 to $999 11.6% 29.0% 36.2%
$1,000 to $1,499 28.9% 39.0% 30.0%
$1,500 to $1,999 36.7% 17.8% 14.0%
$2,000 to $2,499 15.4% 5.5% 5.6%
$2,500 to $2,999 3.5% 1.9% 2.4%
$3,000 or more 0.7% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33177

Renters in ZIP Code 33177 use an estimated 33.19% of their income to cover their monthly rent payments. That is about 5% higher than in Florida overall. The estimate for Florida overall is 31.74% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 33177 renters use about 11% more of their income to cover rent expense. Household income figures for ZIP Code 33177 come in higher than in Florida as a whole. The median annual household income in ZIP Code 33177 of $61,033 sits approximately 10% higher than the overall Florida median income of $55,660 and approximately 3% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33177

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33177, Florida, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 33177 along with the same calculations in the state of Florida and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 33177

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 33177 Florida U.S.
Less than 15.0 percent 4.3% 8.9% 13.1%
15.0 to 19.9 percent 15.1% 10.7% 12.9%
20.0 to 24.9 percent 7.4% 12.4% 12.9%
25.0 to 29.9 percent 13.7% 11.7% 11.6%
30.0 to 34.9 percent 6.5% 9.6% 9.1%
35.0 percent or more 53.1% 46.7% 40.5%

Household Income in ZIP Code 33177

See the table below for the regional comparison of annual household income in ZIP Code 33177.

Income ZIP 33177 Florida U.S.
Less than $10,000 4.7% 6.5% 6.0%
$10,000 to $14,999 4.1% 4.3% 4.3%
$15,000 to $24,999 10.2% 9.9% 8.9%
$25,000 to $34,999 8.5% 10.3% 8.9%
$35,000 to $49,999 12.3% 13.9% 12.3%
$50,000 to $74,999 21.5% 18.3% 17.2%
$75,000 to $99,999 13.2% 12.4% 12.7%
$100,000 to $149,999 18.2% 13.1% 15.1%
$150,000 to $199,999 3.9% 5.3% 6.8%
$200,000 or more 3.5% 6.0% 7.7%

Household Income in ZIP Code 33177

See the chart below for a comparison of annual household income figures in ZIP Code 33177, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33177 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33177

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33177.

ZIP 33177 Florida U.S.
Median Housing Rent $1,586 $1,175 $1,062
Renter-Occupied Housing Units 29.0% 34.6% 36.0%
Rental Vacancy Rate 3.9% 8.4% 6.0%
Average Size of Renter-Occupied Unit 3.70 2.67 2.49
Average # of Bedrooms Per Unit 3.17 2.63 2.75
Percent of Income Spent on Rent 33.19% 31.74% 29.83%
Per Capita Income $21,642 $31,619 $34,103
Median Household Income $74,303 $80,286 $88,607
Living Below the Poverty Line 11.3% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33177

In ZIP Code 33177 (Miami, FL), and estimated 29.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.9%.

The per capita income in 33177 is estimated at $21,642, which goes along with an estimated median household income of $74,303. About 11.3% of residents in this Miami-Dade County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.70 occupants, while the units have an aggregate average size of 3.17 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 33.19% of their income on housing rental costs.

Rental FAQs for ZIP Code 33177

1

What is the median monthly rent in ZIP Code 33177?

Median rent for housing in ZIP Code 33177 in Miami-Dade County in Florida is approximately $1,586 per month.
2

Is it expensive to rent in ZIP Code 33177?

Rent in ZIP Code 33177 is higher than average in the state of Florida overall. The median monthly rent of $1,586 in ZIP Code 33177 is approximately 35% higher than the Florida median of $1,175. Additionally, median rent in this Miami, FL region ($1,586) is about 49% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33177?

High-priced rentals are less common in ZIP Code 33177 than in Florida overall. The percentage of rentals in ZIP Code 33177 that cost $3,000 or more per month (0.7%) is about 53% lower than the Florida rate of 1.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 71% higher than the aforementioned 33177 rate of 0.7%.
4

Are affordable rentals common in ZIP Code 33177?

Affordable rentals are less common in ZIP Code 33177 than in Florida overall. The percentage of housing rentals in ZIP Code 33177 costing $999 or less per month (14.7%) is approximately 57% lower than the Florida rate of 34.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 68% higher than the previously mentioned 33177 rate of 14.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 33177?

The most common range for rental cost in ZIP Code 33177 is between $1,500 and $1,999 per month. About 36.7% of renters in 33177 pay in this range for monthly rent. In comparison, approximately 17.8% of renters in the state of Florida fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 33177 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33177 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 3.9% in ZIP Code 33177 is about 54% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Miami, FL region (3.9%) is an estimated 35% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 33177? How does it compare to other Florida regions?

Median household income in ZIP Code 33177 is higher than in the state of Florida overall. Annual household income of $61,033 in ZIP Code 33177 is about 10% higher than the Florida median of $55,660. Additionally, median household income in this Miami, FL region ($61,033) is approximately 3% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 33177 spend on housing costs?

Renters in ZIP Code 33177 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33177 spend an estimated 33.19% of their income on rent payments, which is about 5% higher than the overall Florida estimated rate of 31.74%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 11% lower than the ZIP Code 33177 estimated rate of 33.19%.
9

Do renters in ZIP Code 33177 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33177 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33177 spending 30 percent or more of their income on rent costs (59.6%) is approximately 6% higher than the Florida rate of 56.3% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 20% lower than the aforementioned 33177 rate of 59.6%.
10

What is the average household size of renter-occupied units in ZIP Code 33177?

The average household size of renter-occupied units in ZIP Code 33177 is higher than in the state of Florida overall. Annual household size of 3.70 in ZIP Code 33177 is about 39% higher than the Florida median of 2.67. Additionally, median household size in this Miami, FL region (3.70) is approximately 49% higher than median household size of 2.49 in the U.S. as a whole.

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