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Rental Insights for ZIP Code 33331 (Fort Lauderdale, FL)

Housing Rentals in ZIP Code 33331 (Fort Lauderdale, FL)

33331 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33331

The 33331 ZIP Code is primarily located in Fort Lauderdale, FL in Broward County. The estimated median housing rent in this Florida region is $2,401 per month. Approximately 13.1% of housing units in the region are renter-occupied, and this this Broward County ZIP Code has an estimated rental vacancy rate of 2.9%.

The median rent in ZIP Code 33331 of $2,401 per month is 104% higher than the aggregate Florida median monthly rent of $1,175, and is 126% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 42.1% of renters in ZIP Code 33331 pay between $2,000 and $2,499 per month for housing. That is 665% higher than in Florida overall, in which 5.5% of total state residents pay between $2,000 and $2,499 per month for housing. Only 5.4% of ZIP Code 33331 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 33331 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33331

See the chart below for a comparison of monthly rental costs in ZIP Code 33331, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33331 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 33331

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

Cost ZIP 33331 Florida U.S.
Less than $500 0.0% 5.3% 9.4%
$500 to $999 0.0% 29.0% 36.2%
$1,000 to $1,499 5.4% 39.0% 30.0%
$1,500 to $1,999 10.8% 17.8% 14.0%
$2,000 to $2,499 42.1% 5.5% 5.6%
$2,500 to $2,999 21.2% 1.9% 2.4%
$3,000 or more 20.4% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33331

Renters in ZIP Code 33331 use an estimated 29.46% of their income to cover their monthly rent payments. That is about 7% lower 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 33331 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 33331 come in higher than in Florida as a whole. The median annual household income in ZIP Code 33331 of $125,608 sits approximately 126% higher than the overall Florida median income of $55,660 and approximately 100% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33331

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33331, 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 33331 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 33331

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

Rent Cost as % of Income ZIP 33331 Florida U.S.
Less than 15.0 percent 8.2% 8.9% 13.1%
15.0 to 19.9 percent 12.6% 10.7% 12.9%
20.0 to 24.9 percent 19.0% 12.4% 12.9%
25.0 to 29.9 percent 10.8% 11.7% 11.6%
30.0 to 34.9 percent 18.1% 9.6% 9.1%
35.0 percent or more 31.3% 46.7% 40.5%

Household Income in ZIP Code 33331

See the table below for the regional comparison of annual household income in ZIP Code 33331.

Income ZIP 33331 Florida U.S.
Less than $10,000 1.9% 6.5% 6.0%
$10,000 to $14,999 0.7% 4.3% 4.3%
$15,000 to $24,999 2.8% 9.9% 8.9%
$25,000 to $34,999 3.1% 10.3% 8.9%
$35,000 to $49,999 4.8% 13.9% 12.3%
$50,000 to $74,999 10.2% 18.3% 17.2%
$75,000 to $99,999 12.3% 12.4% 12.7%
$100,000 to $149,999 25.5% 13.1% 15.1%
$150,000 to $199,999 13.7% 5.3% 6.8%
$200,000 or more 24.9% 6.0% 7.7%

Household Income in ZIP Code 33331

See the chart below for a comparison of annual household income figures in ZIP Code 33331, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33331 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33331

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33331.

ZIP 33331 Florida U.S.
Median Housing Rent $2,401 $1,175 $1,062
Renter-Occupied Housing Units 13.1% 34.6% 36.0%
Rental Vacancy Rate 2.9% 8.4% 6.0%
Average Size of Renter-Occupied Unit 3.55 2.67 2.49
Average # of Bedrooms Per Unit 3.7 2.63 2.75
Percent of Income Spent on Rent 29.46% 31.74% 29.83%
Per Capita Income $49,019 $31,619 $34,103
Median Household Income $162,906 $80,286 $88,607
Living Below the Poverty Line 2.9% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33331

In ZIP Code 33331 (Fort Lauderdale, FL), and estimated 13.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.9%.

The per capita income in 33331 is estimated at $49,019, which goes along with an estimated median household income of $162,906. About 2.9% of residents in this Broward County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.55 occupants, while the units have an aggregate average size of 3.7 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.46% of their income on housing rental costs.

Rental FAQs for ZIP Code 33331

1

What is the median monthly rent in ZIP Code 33331?

Median rent for housing in ZIP Code 33331 in Broward County in Florida is approximately $2,401 per month.
2

Is it expensive to rent in ZIP Code 33331?

Rent in ZIP Code 33331 is higher than average in the state of Florida overall. The median monthly rent of $2,401 in ZIP Code 33331 is approximately 104% higher than the Florida median of $1,175. Additionally, median rent in this Fort Lauderdale, FL region ($2,401) is about 126% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33331?

High-priced rentals are more common in ZIP Code 33331 than in Florida overall. The percentage of rentals in ZIP Code 33331 that cost $3,000 or more per month (20.4%) is about 1260% 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 750% lower than the aforementioned 33331 rate of 20.4%.
4

Are affordable rentals common in ZIP Code 33331?

Affordable rentals are less common in ZIP Code 33331 than in Florida overall. The percentage of housing rentals in ZIP Code 33331 costing $999 or less per month (0%) is approximately 100% 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 100% higher than the previously mentioned 33331 rate of 0%.
5

What is the most common cost range that rentals fall into in ZIP Code 33331?

The most common range for rental cost in ZIP Code 33331 is between $2,000 and $2,499 per month. About 42.1% of renters in 33331 pay in this range for monthly rent. In comparison, approximately 5.5% of renters in the state of Florida fall in the between $2,000 and $2,499 range, and 5.6% of overall U.S. renters fall in this range.
6

Does ZIP Code 33331 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33331 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 2.9% in ZIP Code 33331 is about 65% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Fort Lauderdale, FL region (2.9%) is an estimated 52% 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 33331? How does it compare to other Florida regions?

Median household income in ZIP Code 33331 is higher than in the state of Florida overall. Annual household income of $125,608 in ZIP Code 33331 is about 126% higher than the Florida median of $55,660. Additionally, median household income in this Fort Lauderdale, FL region ($125,608) is approximately 100% 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 33331 spend on housing costs?

Renters in ZIP Code 33331 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33331 spend an estimated 29.46% of their income on rent payments, which is about 7% lower 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 1% higher than the ZIP Code 33331 estimated rate of 29.46%.
9

Do renters in ZIP Code 33331 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 33331 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33331 spending 30 percent or more of their income on rent costs (49.4%) is approximately 12% lower 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 0% higher than the aforementioned 33331 rate of 49.4%.
10

What is the average household size of renter-occupied units in ZIP Code 33331?

The average household size of renter-occupied units in ZIP Code 33331 is higher than in the state of Florida overall. Annual household size of 3.55 in ZIP Code 33331 is about 33% higher than the Florida median of 2.67. Additionally, median household size in this Fort Lauderdale, FL region (3.55) is approximately 43% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes