At the latest reading, the 33015 Zillow ZIP market identifier, which matches a Census ZCTA, recorded Zillow ZORI of $2,326 per month, up 0.4% from the same month a year earlier. ZORI is a typical observed asking-rent index blended across rental types, so it is not a lease ledger or a single-bedroom quote. The matched ACS 2024 five-year estimate puts median gross rent at $1,936, a survey measure for occupied renter homes that includes selected utilities; the asking index is 20.1% higher. A simple 30% required-income screen produces $93,040, above the ZCTA median household income of $77,339. That makes the current asking-rent-to-income arithmetic 36.1%, not advice and not an applicant qualification rule.
The rent-history profile contains a meaningful speed mismatch. Exact same-month one-year ZORI growth was 0.4%, three-year annualized growth was 0.8%, and five-year annualized growth was 7.0%. Thus, the recent direction breaks from the much stronger longer path rather than confirming it. The history has full 100% coverage of the available series. Its annualized monthly-return variability of 2.7% suggests that one current ZIP asking-rent snapshot deserves moderate, rather than absolute, confidence. Separately, the worst recorded peak-to-trough decline was 1.6%, indicating a limited historical pullback in the observed index. Transparent national discovery ranks among history-eligible ZIPs were 2,215 for momentum, 1,099 for stability, and 1,962 for the balanced measure, where lower ranks are stronger. These are backward-looking measurements, not forecasts or investment recommendations.
Bedroom figures should be read as a model, not as observed rents. The supplied local HUD ladder scales ZIP ZORI into modelled monthly estimates of $1,783 for a studio, $1,895 for one bedroom, $2,326 for two bedrooms, $3,118 for three bedrooms, and $3,602 for four bedrooms. Those are modelled estimates created by applying the local HUD bedroom relationship to the ZIP-wide asking-rent index; they are never measured bedroom rents. HUD FMR/SAFMR is instead an administrative, bedroom-specific standard rather than asking rent. Its local two-bedroom benchmark is $2,333, leaving the modelled two-bedroom figure 0.3% below that administrative reference. The close relationship does not erase the difference in purpose, method, or applicable housing universe.
Broader rent context places the ZIP below each supplied surrounding geography, but those comparisons cannot replace ZIP evidence. In the same sentence by scope, Hialeah city context rent is $2,374, Miami-Dade County context rent is $2,886, and Miami-Fort Lauderdale-Pompano Beach, FL metro context rent is $2,695. City, county, and metro figures are wider-geography context only, while the ZORI figure above is specifically for the ZIP market identifier. They may contain different mixes of homes, renters, and listings than the ZIP. The contrast is therefore useful for locating the current asking index within nearby scales, not for treating citywide, countywide, or metro-wide figures as direct rental comparables for an address in this ZIP.
The matched ZCTA housing base has 23,831 units, including 11,948 single-family units and 6,460 units in larger multifamily structures; the remaining stock falls into other structural categories. The overall vacancy rate is 3.3%, and 169 vacant units were classified as available for rent. Renter-occupied homes account for 46.4% of occupied units. ACS also reports that 6,778 of 10,700 renter households, or 63.3%, met the rent-burden threshold used in the survey. That burden share supplies household-level context for the income screen, but it does not establish the payment pressure of any particular renter or available unit. Likewise, the vacancy figures describe the survey stock and do not prove that a specific advertised home is available, suitable, or competitively priced.
Redfin supplies a separate signal from the direct rolling-three-month ZIP for-sale/resale observation. Its median sold price was $469,894, up 1.1% year over year, with 106 homes sold and a median 66 days on market. Inventory stood at 203 homes and months of supply measured 5.8. Sale-to-list evidence remained below list on average: the average sale-to-list ratio was 96.72%, while 11.7% of sales closed above list and 20.9% went off market within two weeks. These are resale liquidity and pricing signals, not rental transactions, rental comparables, or property economics. They describe how ZIP homes sold and were marketed in Redfin's observation window, which is a different universe from Zillow asking rents, ACS renter households, and HUD standards.
Annualized ZIP ZORI divided by Redfin's median sold price produces a 5.94% cross-source screening ratio. It is only a screening ratio because it combines an asking-rent index with a resale median and excludes operating costs, financing, taxes, turnover, condition, and property-specific characteristics. The central tension is that resale pricing rose while current asking-rent growth was nearly flat and the longer rent history remained materially stronger than the recent path. The burden and income arithmetic further caution against assuming that the current asking level translates cleanly into household capacity. Resale evidence therefore challenges a simple extension of the five-year rent trajectory, even though it confirms that the for-sale market recorded transactions and had measurable supply during the observation period. No causal conclusion follows from those separate series.
A ZCTA is a Census statistical area and is not identical to a USPS delivery ZIP, even when a label is both a Zillow ZIP market identifier and a matched Census geography. The ACS values are five-year survey estimates with margins of error, ZORI is an index rather than a property inventory, HUD is an administrative standard, and Redfin resale results summarize completed for-sale activity over a rolling period. Before applying these ZIP-level measures to a property, verify its bedroom count and housing type, current advertised rent, utility treatment, fees and concessions, lease term, actual availability, recent comparable sale records, and whether the address falls within the relevant postal and statistical geographies. Do the address-level records confirm that its unit characteristics and transaction status align with these separate ZIP measures?
","findings":[{"body":"The ZIP-level Zillow asking-rent index is above the matched ACS median gross-rent estimate, while the required-income arithmetic also exceeds the area median household income. This is an evidence-based affordability tension, not evidence that every renter faces the same payment burden or that every listed home has the same utility treatment.","title":"Current asking rent exceeds the ACS renter-home benchmark"},{"body":"The one-year and three-year same-month rent measures are modest compared with the five-year annualized result. Historical variability and the recorded drawdown indicate that ZORI has not moved in a straight line. The current reading should therefore be interpreted as a snapshot within a measured historical series, not as a forward projection.","title":"Recent rent momentum is much slower than the longer history"},{"body":"The studio-through-four-bedroom ladder is useful for sizing the ZIP-wide asking-rent index across unit counts, but it is not a set of measured bedroom-specific asking rents. HUD's local ladder is an administrative benchmark, and the close two-bedroom alignment does not make HUD standards, ZORI observations, or ACS gross rents interchangeable.","title":"Bedroom rents are modelled from the HUD relationship"},{"body":"Redfin shows direct ZIP resale activity, measurable marketing time, available inventory, and average sales below list. That evidence can be used to describe the for-sale market's observed liquidity and pricing signals. It cannot establish rental transaction terms, a property's operating economics, or the future direction of the asking-rent index.","title":"Resale conditions create a separate market signal"}],"risks":["The ZIP asking-rent index is blended across rental types, so a specific house or apartment may differ materially because of bedroom count, structure type, utilities, condition, lease terms, concessions, and availability.","ACS gross rent is a five-year survey estimate for occupied renter homes that includes selected utilities, meaning it should not be treated as a current advertised-rent survey or as proof of a particular household's payment.","The historical rent series shows much slower recent growth than its longer annualized path, so extending the earlier trend would ignore the observed change in direction and the measured monthly variability.","Redfin resale indicators describe completed for-sale transactions and active market conditions, while the annualized-rent-to-price figure omits costs and property details that determine any address-specific financial outcome."],"qa":[{"a":"They measure different housing universes. Zillow ZORI is a ZIP-level typical observed asking-rent index blended across rental types. ACS median gross rent is a five-year survey measure of occupied renter homes and includes selected utilities. Timing, unit mix, utility treatment, and survey versus listing methodology can all produce a difference.","q":"Why does Zillow ZORI differ from ACS median gross rent in this ZIP?"},{"a":"The exact same-month history shows that recent growth is far slower than the five-year annualized pace. Full series coverage supports use of the history, but monthly variability means a single current observation is not a complete trend statement. The ranks are discovery tools based on past observations, not predictions of future rent performance.","q":"What does the rent history say about the current asking-rent reading?"},{"a":"No. They are modelled ZIP estimates derived by scaling the ZIP-wide Zillow ZORI with the supplied local HUD bedroom ladder. They can organize a broad unit-size screen, but they do not replace current unit-level listings, executed leases, utility details, concessions, or direct rental comparisons for a specific property.","q":"Are the bedroom estimates actual measured rents for studios through four-bedroom homes?"},{"a":"It is annualized ZIP ZORI divided by the direct ZIP median sold price from Redfin's rolling resale observation. Because it combines different source universes and excludes property costs, financing, taxes, vacancy experience, maintenance, and condition, it is only a cross-source screening ratio rather than a property-level financial result.","q":"How should the Redfin rent-to-price screening ratio be interpreted?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback","release":"ZIP-CBSA 2025Q4 + SAFMR FY2026","pulledAt":"2026-07-26","url":"https://www.huduser.gov/portal/datasets/usps_crosswalk.html"},{"key":"realtor_county","name":"Realtor.com Economic Research — county listing inventory","release":"county inventory 2026-06","pulledAt":"2026-07-28","url":"https://www.realtor.com/research/data/"},{"key":"redfin","name":"Redfin Data Center — inventory, days on market, and price cuts","release":"metro tracker through 2026-05-01","pulledAt":"2026-07-26","url":"https://www.redfin.com/news/data-center/"},{"key":"redfin_zip","name":"Redfin Data Center — ZIP resale activity and supply","release":"ZIP rolling 3 months through 2026-06-30; updated 2026-07-03","pulledAt":"2026-08-12","url":"https://www.redfin.com/news/data-center/"},{"key":"zillow_county","name":"Zillow ZHVI and ZORI — county values and rents","release":"county ZHVI/ZORI 2026-06","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori","name":"Zillow ZORI — metro market rents","release":"Metro_zori_uc_sfrcondomfr_sm_sa_month.csv","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_city","name":"Zillow ZORI — city market rents","release":"zillow_zori_city.csv","pulledAt":"2026-07-29","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_zip","name":"Zillow ZORI — ZIP market rents","release":"ZORI ZIP 2026-06","pulledAt":"2026-08-08","url":"https://www.zillow.com/research/data/"}],"history":[{"period":"2015-01-01","rent":1279.950501},{"period":"2015-02-01","rent":1303.445228},{"period":"2015-03-01","rent":1308.823337},{"period":"2015-04-01","rent":1318.152474},{"period":"2015-05-01","rent":1314.409258},{"period":"2015-06-01","rent":1311.659666},{"period":"2015-07-01","rent":1297.721165},{"period":"2015-08-01","rent":1310.018456},{"period":"2015-09-01","rent":1337.980825},{"period":"2015-10-01","rent":1355.544618},{"period":"2015-11-01","rent":1361.91932},{"period":"2015-12-01","rent":1366.71865},{"period":"2016-01-01","rent":1379.069548},{"period":"2016-02-01","rent":1381.382462},{"period":"2016-03-01","rent":1373.730737},{"period":"2016-04-01","rent":1369.231801},{"period":"2016-05-01","rent":1384.85359},{"period":"2016-06-01","rent":1406.777198},{"period":"2016-07-01","rent":1423.653109},{"period":"2016-08-01","rent":1422.349206},{"period":"2016-09-01","rent":1407.892247},{"period":"2016-10-01","rent":1415.519792},{"period":"2016-11-01","rent":1414.234897},{"period":"2016-12-01","rent":1417.774612},{"period":"2017-01-01","rent":1415.645738},{"period":"2017-02-01","rent":1419.307451},{"period":"2017-03-01","rent":1425.346346},{"period":"2017-04-01","rent":1426.063556},{"period":"2017-05-01","rent":1432.490746},{"period":"2017-06-01","rent":1437.039787},{"period":"2017-07-01","rent":1452.945438},{"period":"2017-08-01","rent":1454.877709},{"period":"2017-09-01","rent":1458.781903},{"period":"2017-10-01","rent":1448.634991},{"period":"2017-11-01","rent":1456.696713},{"period":"2017-12-01","rent":1461.241006},{"period":"2018-01-01","rent":1472.609223},{"period":"2018-02-01","rent":1467.871514},{"period":"2018-03-01","rent":1472.580332},{"period":"2018-04-01","rent":1470.659954},{"period":"2018-05-01","rent":1474.522524},{"period":"2018-06-01","rent":1481.365514},{"period":"2018-07-01","rent":1476.246361},{"period":"2018-08-01","rent":1485.941577},{"period":"2018-09-01","rent":1483.217637},{"period":"2018-10-01","rent":1489.382057},{"period":"2018-11-01","rent":1486.353351},{"period":"2018-12-01","rent":1487.101081},{"period":"2019-01-01","rent":1487.127849},{"period":"2019-02-01","rent":1495.590639},{"period":"2019-03-01","rent":1497.510804},{"period":"2019-04-01","rent":1506.211018},{"period":"2019-05-01","rent":1503.943695},{"period":"2019-06-01","rent":1499.037856},{"period":"2019-07-01","rent":1499.199221},{"period":"2019-08-01","rent":1497.622031},{"period":"2019-09-01","rent":1506.693163},{"period":"2019-10-01","rent":1511.56693},{"period":"2019-11-01","rent":1516.759367},{"period":"2019-12-01","rent":1519.831359},{"period":"2020-01-01","rent":1520.95575},{"period":"2020-02-01","rent":1522.466261},{"period":"2020-03-01","rent":1528.843501},{"period":"2020-04-01","rent":1539.337045},{"period":"2020-05-01","rent":1532.271526},{"period":"2020-06-01","rent":1533.972283},{"period":"2020-07-01","rent":1531.974039},{"period":"2020-08-01","rent":1549.775829},{"period":"2020-09-01","rent":1551.386644},{"period":"2020-10-01","rent":1556.833118},{"period":"2020-11-01","rent":1549.782778},{"period":"2020-12-01","rent":1565.440399},{"period":"2021-01-01","rent":1575.710757},{"period":"2021-02-01","rent":1596.60319},{"period":"2021-03-01","rent":1611.05951},{"period":"2021-04-01","rent":1614.970098},{"period":"2021-05-01","rent":1630.173358},{"period":"2021-06-01","rent":1656.090614},{"period":"2021-07-01","rent":1684.157815},{"period":"2021-08-01","rent":1706.061121},{"period":"2021-09-01","rent":1730.95829},{"period":"2021-10-01","rent":1762.226978},{"period":"2021-11-01","rent":1779.39211},{"period":"2021-12-01","rent":1792.514282},{"period":"2022-01-01","rent":1830.744764},{"period":"2022-02-01","rent":1849.376065},{"period":"2022-03-01","rent":1899.945162},{"period":"2022-04-01","rent":1945.987408},{"period":"2022-05-01","rent":2024.218412},{"period":"2022-06-01","rent":2050.305482},{"period":"2022-07-01","rent":2076.92257},{"period":"2022-08-01","rent":2087.826861},{"period":"2022-09-01","rent":2135.127595},{"period":"2022-10-01","rent":2156.656511},{"period":"2022-11-01","rent":2208.559316},{"period":"2022-12-01","rent":2246.995941},{"period":"2023-01-01","rent":2269.107211},{"period":"2023-02-01","rent":2267.659232},{"period":"2023-03-01","rent":2248.623007},{"period":"2023-04-01","rent":2253.680701},{"period":"2023-05-01","rent":2258.99479},{"period":"2023-06-01","rent":2273.269482},{"period":"2023-07-01","rent":2273.697654},{"period":"2023-08-01","rent":2278.313294},{"period":"2023-09-01","rent":2266.344732},{"period":"2023-10-01","rent":2274.408747},{"period":"2023-11-01","rent":2284.289561},{"period":"2023-12-01","rent":2287.709484},{"period":"2024-01-01","rent":2298.788581},{"period":"2024-02-01","rent":2306.693451},{"period":"2024-03-01","rent":2314.784991},{"period":"2024-04-01","rent":2310.930607},{"period":"2024-05-01","rent":2294.425786},{"period":"2024-06-01","rent":2314.469102},{"period":"2024-07-01","rent":2309.994593},{"period":"2024-08-01","rent":2313.591513},{"period":"2024-09-01","rent":2294.036352},{"period":"2024-10-01","rent":2304.096509},{"period":"2024-11-01","rent":2311.986397},{"period":"2024-12-01","rent":2328.569314},{"period":"2025-01-01","rent":2322.991896},{"period":"2025-02-01","rent":2325.814287},{"period":"2025-03-01","rent":2332.74409},{"period":"2025-04-01","rent":2331.709337},{"period":"2025-05-01","rent":2330.370397},{"period":"2025-06-01","rent":2315.930953},{"period":"2025-07-01","rent":2324.541904},{"period":"2025-08-01","rent":2327.565418},{"period":"2025-09-01","rent":2347.056117},{"period":"2025-10-01","rent":2339.027238},{"period":"2025-11-01","rent":2325.295511},{"period":"2025-12-01","rent":2310.691673},{"period":"2026-01-01","rent":2310.971812},{"period":"2026-02-01","rent":2311.017543},{"period":"2026-03-01","rent":2309.670511},{"period":"2026-04-01","rent":2314.622121},{"period":"2026-05-01","rent":2324.240572},{"period":"2026-06-01","rent":2325.699074}],"historySummary":{"pointCount":138,"firstPeriod":"2015-01-01","latestPeriod":"2026-06-01","coverageMonths":138,"coverageRatio":1,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":2315.930953,"endRent":2325.699074,"change":0.0042177945708383735,"cagr":0.0042177945708383735},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":2273.269482,"endRent":2325.699074,"change":0.023063518168498387,"cagr":0.007629482353666006},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":1656.090614,"endRent":2325.699074,"change":0.40433081036711926,"cagr":0.07027131264726916}},"maxDrawdown":-0.015928722679109386,"annualizedVolatility":0.027273431712101275,"consecutiveReturnCount":137}}