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Rental Insights for ZIP Code 33308 (Fort Lauderdale, FL)

Housing Rentals in ZIP Code 33308 (Fort Lauderdale, FL)

33308 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33308

The 33308 ZIP Code is primarily located in Fort Lauderdale, FL in Broward County. The estimated median housing rent in this Florida region is $1,442 per month. Approximately 31.9% of housing units in the region are renter-occupied, and this this Broward County ZIP Code has an estimated rental vacancy rate of 5.4%.

The median rent in ZIP Code 33308 of $1,442 per month is 23% higher than the aggregate Florida median monthly rent of $1,175, and is 36% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 42.5% of residents in ZIP Code 33308 pay between $1,000 and $1,499 per month for rent. That is 9% higher than in Florida overall, in which 39.0% of total state residents pay between $1,000 and $1,499 per month for housing. Only 0.9% of ZIP Code 33308 renters pay less than $500 for monthly rent.

ZIP Code 33308 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33308

See the chart below for a comparison of monthly rental costs in ZIP Code 33308, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33308 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 33308

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

Cost ZIP 33308 Florida U.S.
Less than $500 0.9% 5.3% 9.4%
$500 to $999 11.5% 29.0% 36.2%
$1,000 to $1,499 42.5% 39.0% 30.0%
$1,500 to $1,999 25.6% 17.8% 14.0%
$2,000 to $2,499 7.9% 5.5% 5.6%
$2,500 to $2,999 8.9% 1.9% 2.4%
$3,000 or more 2.7% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33308

Renters in ZIP Code 33308 use an estimated 32.15% of their income to cover their monthly rent payments. That is about 1% 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 33308 renters use about 8% more of their income to cover rent expense. Household income figures for ZIP Code 33308 come in higher than in Florida as a whole. The median annual household income in ZIP Code 33308 of $64,792 sits approximately 16% higher than the overall Florida median income of $55,660 and approximately 3% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33308

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33308, 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 33308 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 33308

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

Rent Cost as % of Income ZIP 33308 Florida U.S.
Less than 15.0 percent 8.8% 8.9% 13.1%
15.0 to 19.9 percent 9.2% 10.7% 12.9%
20.0 to 24.9 percent 14.6% 12.4% 12.9%
25.0 to 29.9 percent 10.8% 11.7% 11.6%
30.0 to 34.9 percent 6.1% 9.6% 9.1%
35.0 percent or more 50.4% 46.7% 40.5%

Household Income in ZIP Code 33308

See the table below for the regional comparison of annual household income in ZIP Code 33308.

Income ZIP 33308 Florida U.S.
Less than $10,000 4.8% 6.5% 6.0%
$10,000 to $14,999 3.6% 4.3% 4.3%
$15,000 to $24,999 8.3% 9.9% 8.9%
$25,000 to $34,999 11.0% 10.3% 8.9%
$35,000 to $49,999 11.4% 13.9% 12.3%
$50,000 to $74,999 15.3% 18.3% 17.2%
$75,000 to $99,999 10.2% 12.4% 12.7%
$100,000 to $149,999 12.3% 13.1% 15.1%
$150,000 to $199,999 8.1% 5.3% 6.8%
$200,000 or more 15.0% 6.0% 7.7%

Household Income in ZIP Code 33308

See the chart below for a comparison of annual household income figures in ZIP Code 33308, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33308 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33308

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33308.

ZIP 33308 Florida U.S.
Median Housing Rent $1,442 $1,175 $1,062
Renter-Occupied Housing Units 31.9% 34.6% 36.0%
Rental Vacancy Rate 5.4% 8.4% 6.0%
Average Size of Renter-Occupied Unit 1.63 2.67 2.49
Average # of Bedrooms Per Unit 2.1 2.63 2.75
Percent of Income Spent on Rent 32.15% 31.74% 29.83%
Per Capita Income $68,916 $31,619 $34,103
Median Household Income $121,338 $80,286 $88,607
Living Below the Poverty Line 5.3% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33308

In ZIP Code 33308 (Fort Lauderdale, FL), and estimated 31.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.4%.

The per capita income in 33308 is estimated at $68,916, which goes along with an estimated median household income of $121,338. About 5.3% of residents in this Broward County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.63 occupants, while the units have an aggregate average size of 2.1 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.15% of their income on housing rental costs.

Rental FAQs for ZIP Code 33308

1

What is the median monthly rent in ZIP Code 33308?

Median rent for housing in ZIP Code 33308 in Broward County in Florida is approximately $1,442 per month.
2

Is it expensive to rent in ZIP Code 33308?

Rent in ZIP Code 33308 is higher than average in the state of Florida overall. The median monthly rent of $1,442 in ZIP Code 33308 is approximately 23% higher than the Florida median of $1,175. Additionally, median rent in this Fort Lauderdale, FL region ($1,442) is about 36% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33308?

High-priced rentals are more common in ZIP Code 33308 than in Florida overall. The percentage of rentals in ZIP Code 33308 that cost $3,000 or more per month (2.7%) is about 80% higher 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 13% lower than the aforementioned 33308 rate of 2.7%.
4

Are affordable rentals common in ZIP Code 33308?

Affordable rentals are less common in ZIP Code 33308 than in Florida overall. The percentage of housing rentals in ZIP Code 33308 costing $999 or less per month (12.4%) is approximately 64% 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 73% higher than the previously mentioned 33308 rate of 12.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 33308?

The most common range for rental cost in ZIP Code 33308 is between $1,000 and $1,499 per month. About 42.5% of renters in 33308 pay in this range for monthly rent. In comparison, approximately 39.0% of renters in the state of Florida fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 33308 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33308 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 5.4% in ZIP Code 33308 is about 36% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Fort Lauderdale, FL region (5.4%) is an estimated 10% 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 33308? How does it compare to other Florida regions?

Median household income in ZIP Code 33308 is higher than in the state of Florida overall. Annual household income of $64,792 in ZIP Code 33308 is about 16% higher than the Florida median of $55,660. Additionally, median household income in this Fort Lauderdale, FL region ($64,792) is approximately 3% higher 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 33308 spend on housing costs?

Renters in ZIP Code 33308 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33308 spend an estimated 32.15% of their income on rent payments, which is about 1% 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 8% lower than the ZIP Code 33308 estimated rate of 32.15%.
9

Do renters in ZIP Code 33308 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33308 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33308 spending 30 percent or more of their income on rent costs (56.5%) is approximately 0% 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 14% lower than the aforementioned 33308 rate of 56.5%.
10

What is the average household size of renter-occupied units in ZIP Code 33308?

The average household size of renter-occupied units in ZIP Code 33308 is lower than in the state of Florida overall. Annual household size of 1.63 in ZIP Code 33308 is about 39% lower than the Florida median of 2.67. Additionally, median household size in this Fort Lauderdale, FL region (1.63) is approximately 35% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes