ZIP 33024 is both Zillow’s ZIP market identifier and the matched Census ZCTA. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In June 2026, Zillow’s ZORI is $2,426 per month, a typical observed asking-rent index blended across rental types, with a 0.19% same-month increase. At the same time, Redfin’s direct ZIP resale observation shows a $494,888 median sold price, 5.74% below its prior-year level. This is a cross-market tension: asking rents are broadly flat while the median resale price has fallen. It describes neither the rent of a specific vacant home nor the price outcome that a given seller or buyer will receive.
That current pause follows an uneven but positive backward-looking ZORI path. Exact same-month annualized changes were 0.19% over one year, 1.25% over three years, and 5.72% over five years. Recent direction therefore breaks from, rather than confirms, the faster long-run pace; it is a historical measurement, not a rent forecast or investment recommendation. At 2.93%, annualized monthly-return variability indicates that indexed changes were not perfectly smooth. The deepest observed peak-to-trough reset was -3.11%, showing a retreat from prior highs within the series. Coverage is 100%. National discovery ranks among history-eligible ZIPs are 2,181 for momentum, 1,492 for stability, and 2,192 for the balanced score, where a lower rank is higher. The variability and drawdown warrant caution in treating one current ZORI reading as a settled level.
Source boundaries explain why another rent statistic is lower without showing an error. The matched Census ZCTA’s ACS 2024 five-year survey places median gross rent at $1,848 for occupied renter homes; it includes selected utilities and survey timing and therefore is not an asking-rent series. In contrast, ZORI is a ZIP-level typical observed asking-rent index across rental types, not a survey median of existing occupied units. The gap is consistent with those distinct universes and timing and cannot establish what current tenants pay in any particular property. HUD FMR/SAFMR values occupy a separate universe: they are administrative, bedroom-specific standards rather than asking rents. They are used here only as the local scaling ladder for the modelled bedroom estimates that follow, not as a substitute for listings or leases.
The local HUD ladder scales ZIP ZORI into modelled monthly estimates of $1,859 for a studio, $1,977 for one bedroom, $2,426 for two bedrooms, $3,252 for three bedrooms, and $3,757 for four bedrooms. These are modelled estimates, never measured bedroom rents: the procedure preserves the ZIPwide ZORI level while using relative local HUD ladder values. It should not be read as evidence that available units of each size ask those amounts, nor as a property-specific utility, condition, location, concession, or lease-term adjustment. The correspondence between the modelled two-bedroom figure and overall ZORI is mechanical within this scaling approach, not a separate verification of market rent.
Income and burden point to a different tension. The ACS ZCTA median household income is $80,061, while a simple 30% screen on the current $2,426 monthly ZORI produces required annual income of $97,040. The resulting gap is an arithmetic comparison, not advice and not an applicant qualification rule; it does not account for household size, savings, debt, other income, or the terms of an actual lease. ACS also reports that 61.2% of renter households have gross-rent burdens at or above that threshold. That survey burden statistic describes occupied renter households, not a vacancy, a specific tenant, or whether any particular available unit is affordable. Together, the screens place the flat asking-rent reading in a household-income context without converting a ZIP average into an individual outcome.
ACS housing-stock data show 26,419 units in the matched ZCTA, including 18,125 single-family units. Its 5.1% vacancy rate is a survey classification of unoccupied units at the survey reference, rather than a real-time measure of marketable rental supply. The stock mix does not identify whether vacant units are for rent, their bedroom counts, their condition, or their asking prices. It nevertheless provides a backdrop for interpreting an index blended across rental types: property type composition can differ from the mix represented in a single listing search. These figures should remain distinct from Redfin’s for-sale indicators, which cover direct resale activity rather than the survey’s housing-unit status.
Broader benchmarks place ZIP rent below each named context, while remaining context rather than substitutes for ZIP evidence: Pembroke Pines city ZORI is $2,550, Broward County ZORI is $2,517, and Miami-Fort Lauderdale-Pompano Beach, FL metro ZORI is $2,695. These city, county, and metro figures each have wider geographic scope than the ZIP and cannot serve as rental comparables for it. Their use is descriptive: they frame the ZIP’s current index relative to surrounding aggregate markets, but do not reconcile the ACS occupied-home survey, HUD administrative standard, or direct ZIP resale evidence. Different scopes also prevent a conclusion about any property’s rent from a citywide, countywide, or metro-wide average.
Resale liquidity is mixed in Redfin’s direct rolling-three-month ZIP resale observation, and it supplies the key challenge to the rent-only screen. It records 203 homes sold, a median 68 days on market, 278 homes of inventory, and 4.2 months of supply. The average sale-to-list ratio was 97.95%, and 18.8% of sales closed above list. Those are for-sale transaction and listing signals, not rental transactions or property economics. Annualized ZIP ZORI divided by the median sold price equals 5.88%, but this is only a cross-source screening ratio. The resale-price decline alongside nearly unchanged asking rent mechanically lifts that ratio, while the marketing and sale-to-list signals challenge any simple conclusion drawn from the stable rent snapshot. A property-level assessment still needs the actual asking rent and concessions, bedroom count, included utilities, lease terms, occupancy status, and comparable closed-sale dates and list-price history.
","findings":[{"body":"June 2026 ZIP ZORI is $2,426 and same-month growth is 0.19%. The longer annualized record is stronger at 1.25% over three years and 5.72% over five years. That contrast identifies deceleration in a backward-looking index, not a prediction. Complete coverage improves traceability, but 2.93% annualized variability and a -3.11% maximum drawdown mean one index point should not be treated as a fixed market-clearing rent.","title":"The asking-rent path has decelerated"},{"body":"ACS median gross rent and ZORI answer different questions. The $1,848 ACS result is a five-year survey statistic for occupied renter homes that includes selected utilities, whereas the $2,426 ZORI is a blended typical asking-rent index. HUD FMR/SAFMR is neither measure: it is an administrative bedroom-specific standard. The ZIP bedroom figures are modelled from ZORI using that ladder and are not observed rents for actual listings.","title":"Rent statistics are not interchangeable"},{"body":"Redfin’s direct rolling-three-month resale record reports a $494,888 median sold price, down 5.74%, with 203 homes sold and 68 median marketing days. Its 97.95% average sale-to-list result and 4.2 months of supply are for-sale signals, not rental comps. The 5.88% annualized-rent-to-price calculation is a cross-source screening ratio only. Falling resale price with flat asking rent creates a useful tension, but cannot determine any property’s performance.","title":"Resale evidence challenges a rent-only reading"},{"body":"ACS describes 26,419 ZCTA housing units, a stock composed predominantly of 18,125 single-family units, and a 5.1% vacancy rate. These are survey-era unit classifications, not real-time available rentals. The income screen exceeds the reported median household income and 61.2% of renter households are burdened at the stated threshold. Neither metric identifies a particular vacancy or a specific household’s ability to lease it.","title":"Household pressure remains visible in survey data"}],"risks":["The ZORI figure is a blended index rather than an address-level quote. Differences in bedroom count, utilities, condition, concessions, and lease term can make an actual asking rent depart materially from it.","ACS estimates are five-year ZCTA survey results with sampling uncertainty and a geography that is statistical rather than USPS delivery territory. They cannot precisely date or locate current tenant costs.","HUD-scaled bedroom estimates inherit both the ZIPwide index and the administrative ladder. They do not establish observed rents, availability, or affordability for a particular unit size or property.","Redfin resale measures reflect rolling for-sale activity rather than rental transactions. Price, marketing, inventory, and sale-to-list movements cannot be converted into lease demand, operating results, or individual sale outcomes."],"qa":[{"a":"ZORI represents a typical observed asking-rent index at ZIP scope and blends rental types. ACS median gross rent is a matched ZCTA five-year survey of occupied renter homes and includes selected utilities. They use different populations, timing, geography, and rent concepts, so their difference is descriptive rather than an error or a direct measure of current tenant rent.","q":"Why is ZORI higher than ACS median gross rent?"},{"a":"No. The studio-through-four-bedroom amounts are modelled estimates created by scaling ZIP ZORI with the local HUD FMR/SAFMR ladder. HUD is an administrative bedroom-specific standard, and the calculation does not observe listing quotes, paid rents, concessions, included utilities, unit condition, or lease terms for individual bedrooms.","q":"Are the bedroom amounts measured rents for available units?"},{"a":"The 5.88% figure divides annualized ZIP ZORI by the Redfin ZIP median sold price. It is a cross-source screening ratio that juxtaposes an asking-rent index and a resale median. It has no address-level rent, operating-cost, financing, tax, occupancy, or transaction-matching inputs, so it does not describe a property-level financial result.","q":"What does the annualized rent-to-price screening ratio mean?"},{"a":"A property-level reading requires the actual asking rent, concessions, bedroom count, lease duration, utilities included, occupancy status, and unit condition. For resale context, it also requires comparable closed-sale dates, list-price history, and sale conditions. ZIP ZORI, ACS, HUD, and Redfin each provide a different aggregate evidence universe, so none independently settles those address-specific facts.","q":"What information is still needed for a property-level reading?"}],"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 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