At the June 2026 endpoint, Zillow’s ZIP-level ZORI for 33021 was $2,288 per month, up 1.2% from the same month a year earlier. This is a typical observed asking-rent index blended across rental types, not a quoted rent for every available home. The modest current increase is the immediate rental signal, but it sits beside a much faster movement in ZIP resale prices and a household-income screen that is tighter than the area’s median income. That combination makes source discipline important: the current asking-rent index is useful for market direction, yet it does not resolve what a particular unit will ask or what costs a lease includes.
The five-digit label 33021 is both Zillow’s ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In the ACS 2024 five-year survey, median gross rent among occupied renter homes was $1,775, including selected utilities. That survey median is 28.9% below the current Zillow asking-rent index, a difference that is consistent with their different populations and measurement methods rather than a direct contradiction. HUD’s FY2026 administrative two-bedroom standard is $2,333, and ZIP ZORI equals 98.1% of that standard. HUD FMR or SAFMR is bedroom-specific administrative guidance, not an asking-rent observation.
The bedroom figures are modelled estimates created by scaling ZIP ZORI through the local HUD bedroom ladder; they are not measured bedroom rents. The resulting monthly estimates are $1,754 for a studio, $1,864 for one bedroom, $2,288 for two bedrooms, $3,067 for three bedrooms, and $3,543 for four bedrooms. Their value is internal consistency with the local HUD size relationship, not proof that a listed apartment or house at any size will command that amount. Unit type, included utilities, lease terms, physical condition, and the actual bedroom count remain unobserved in this ladder.
Applying a 30% rent-to-income calculation to the current ZIP asking-rent index produces required annual household income of $91,520. That exceeds the ZCTA median household income of $71,318, and the implied asking-rent-to-income screen is 38.5%. This is arithmetic, not advice and not an applicant qualification rule. The ACS renter-household burden measure adds a separate survey perspective: 4,144 of 6,358 renter households, or 65.2%, reported paying at least 30% of income toward gross rent. That burden result concerns surveyed occupied renter homes and cannot establish affordability, payment history, or rent burden for a particular available unit.
Housing-stock context also comes from the matched ZCTA rather than from current rental listings. The area contained 22,003 housing units, with a 10.0% vacancy rate. Its stock included 11,574 single-family units and 6,982 large multifamily units, while renter households represented 32.1% of occupied homes. These aggregates indicate that both single-family and larger multifamily structures are material parts of the local stock, but they do not identify the rental types contributing to ZORI. Likewise, aggregate vacancy is not evidence that a specific dwelling is available, vacant for rent, competitively priced, or suitable for a given household.
Broader rent context is higher than the ZIP index: Hollywood city-context asking rent is $2,375, Broward County context asking rent is $2,517, and the Miami-Fort Lauderdale-Pompano Beach metro-context asking rent is $2,695. Each is a wider geographic comparison, not a substitute ZIP rental comp. The ZIP’s lower current ZORI may help frame its position within those larger measures, but it should not be used to infer why the difference exists or whether the gap will persist. City, county, and metro values describe their own broader evidence universes, each with housing mixes and renter populations different from the ZIP market identifier.
The rent-history record is backward-looking rather than a forecast or investment recommendation. Same-month annualized ZORI change was 1.2% over one year, 1.1% over three years, and 6.2% over five years. Recent direction therefore preserves a positive rent path in sign but breaks from the much faster pace embedded in the longer five-year record. The series had complete history coverage, with annualized monthly-return variability of 3.0%, which supports more confidence in continuity of the index than a sparse record would. Its deepest historical peak-to-trough drawdown was 1.8%, showing limited measured decline within this history. Transparent national discovery ranks were 1,905 for momentum, 1,590 for stability, and 2,035 for the balanced measure; lower rank is higher. These ranks organize historical signals, not future outcomes.
Redfin’s direct rolling-three-month ZIP resale observation belongs solely to the for-sale market. Median sold price was $509,885, up 15.9% year over year, with 192 homes sold and a median 76 days on market. Inventory was 410 homes, months of supply were 6.5, the average sale-to-list ratio was 95.7%, and 9.1% of sales closed above list price. The resale price increase confirms positive direction in a separate market, but the slower ZORI increase plus supply and below-list average sale signals challenge any simple linkage between resale momentum and current asking rents. Annualized ZIP ZORI divided by median sold price is 5.4%, solely a cross-source screening ratio. Relevant property-level checks include current matched-bedroom asking rents, lease utility treatment, concessions, condition, exact unit characteristics, and address-specific sale and listing records.
","findings":[{"body":"ZIP ZORI is a current blended asking-rent index, while ACS median gross rent is a five-year survey measure for occupied renter homes that includes selected utilities. Their gap should not be read as a pricing error or as a direct comparison of identical units. It instead identifies a meaningful difference between current market asking conditions and the rents reported by surveyed incumbent renter households.","title":"Current asking rent exceeds the surveyed gross-rent median"},{"body":"The 30% required-income calculation uses the Zillow asking-rent index and is only arithmetic. The ACS burden statistic is separate evidence from occupied renter households paying gross rent. Together, they show that the current asking-rent benchmark is high relative to median household income and that a large share of surveyed renters reported substantial rent burdens, without determining any household’s qualification or ability to pay.","title":"The income screen and renter burden point to a constrained aggregate picture"},{"body":"One-year and three-year same-month rent changes were both modestly positive, whereas the five-year annualized change was substantially faster. Complete historical coverage, modest monthly variability, and a limited maximum drawdown improve confidence that the index series is continuous. They do not convert the history into a forecast, nor do they establish future rent direction for this ZIP or any property.","title":"Recent rent growth is positive but subdued versus the longer record"},{"body":"The direct ZIP resale observation showed a strong annual median-price increase, but it also recorded extended marketing time, meaningful supply, and an average sale below list price. Those signals describe for-sale transactions only. They create a useful tension with the slower asking-rent increase: neither rental ZORI nor resale performance can be used as a substitute for the other, and the rent-price ratio remains only a cross-source screen.","title":"Resale appreciation and resale liquidity indicators create a separate market tension"}],"risks":["ZORI is a blended typical asking-rent index across rental types, so the ZIP figure cannot establish the asking rent, utilities, concessions, condition, or lease terms of any single available unit.","The ACS ZCTA result represents surveyed occupied renter homes over five years and includes selected utilities, so it cannot be treated as a current listing inventory measure or a USPS ZIP delivery-area total.","Modelled bedroom estimates inherit the local HUD size ladder and the ZIP ZORI level, but they are not observed bedroom rents and may differ materially from current unit-specific asking prices.","Redfin resale statistics concern rolling-three-month for-sale transactions, not rentals; median sales, inventory, and sale-to-list signals cannot establish rental demand, lease economics, or property-level performance."],"qa":[{"a":"It represents Zillow’s ZIP-level ZORI, a typical observed asking-rent index blended across rental types at the stated endpoint. It is useful for tracking the ZIP’s asking-rent level and change, but it is not a lease quote, a rent roll, a bedroom-specific observed median, or proof of the rent for a particular home.","q":"What does the current Zillow rent figure represent?"},{"a":"The two measures address different populations and use different methods. ACS median gross rent is a five-year survey measure for occupied renter homes and includes selected utilities. Zillow ZORI is a current asking-rent index. Existing tenant rents, surveyed housing composition, utility treatment, and timing differ, so the measures should remain separate rather than being forced into a single rent estimate.","q":"Why is the ACS gross-rent figure lower than Zillow ZORI?"},{"a":"The calculation divides annualized ZIP asking rent by 30% of household income to show the income level associated with that arithmetic threshold. It is not lending guidance, legal advice, a household budget, or an applicant qualification rule. Actual affordability depends on household income, debts, taxes, utilities, lease terms, savings, and other facts absent from the ZIP-level data.","q":"How should the 30% income calculation be interpreted?"},{"a":"It divides annualized ZIP ZORI by Redfin’s direct ZIP median sold price and is useful only as a cross-source screening ratio. It does not account for operating expenses, financing, taxes, insurance, maintenance, vacancy, unit condition, or transaction costs. Because the sources measure different markets, it cannot describe net property economics or expected results for a specific property.","q":"What does the resale rent-price screen tell a reader?"}],"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 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