ZIP 33064 presents an affordability tension before it presents a rent-growth story. Zillow ZORI, a typical observed asking-rent index blended across rental types, was $2,322 per month and stood 2.4% above its year-earlier level. The arithmetic 30% required-income screen is $92,880 annually, compared with local median household income of $71,301; annualizing the index equals 39.1% of that income measure. That screen is not advice, an applicant qualification rule, or a statement about any household’s actual rent. It simply shows that the current ZIP-level asking-rent benchmark is high relative to the supplied income benchmark, even though its latest annual movement was modest.
The direct rolling-three-month Redfin ZIP resale observation adds a different tension. Its median sold price was $427,353, up 8.2% year over year, while 249 homes sold and the median marketing time was 84 days. Inventory stood at 517 homes, months of supply reached 6.3, the average sale-to-list ratio was 95.2%, and 7.9% of sales closed above list price. These are for-sale market observations, not rental transactions or rental comparables. Rising sold prices therefore coexist with signals of more deliberate resale-market liquidity, including time on market, supply, and transactions generally closing below list. That combination challenges any simple reading of current asking-rent strength from sale prices alone.
Backward-looking Zillow history shows a mixed path rather than a single growth regime. Exact same-month annualized ZORI changes were 2.4% over one year, 2.2% over three years, and 7.9% over five years. The recent direction broadly confirms the moderate multi-year pace but breaks from the substantially faster five-year result. The history contains 138 observations and 137 consecutive monthly returns with complete coverage. Monthly index movements annualize to 3.0% variability, which limits confidence in treating one current snapshot as a stable endpoint. Separately, the maximum peak-to-trough drawdown was 1.6%, indicating a historically shallow decline within the observed series. In the supplied national history-eligible ZIP comparison, momentum ranked 1,335, stability ranked 1,588, and balanced ranked 1,492, where lower ranks are higher. These are discovery measures, not forecasts or investment recommendations.
The bedroom view should be read as a model, not as a set of measured bedroom rents. Scaling ZIP ZORI with the local HUD ladder produces modelled monthly estimates of $1,780 for a studio, $1,892 for one bedroom, $2,322 for two bedrooms, $3,112 for three bedrooms, and $3,596 for four bedrooms. The two-bedroom estimate is close to the local HUD two-bedroom standard of $2,333 because the ladder is the scaling input. HUD FMR or SAFMR is an administrative, bedroom-specific standard and is not asking rent; Zillow ZORI is instead a blended asking-rent index. The estimates are useful for sizing a cross-bedroom screen, but they do not establish what a currently available unit of a given size is advertised for.
The matched Census ZCTA ACS 2024 five-year survey supplies a separate occupied-renter-home perspective. Median gross rent was $1,789, with a reported margin of error of $53; gross rent includes selected utilities and is not directly interchangeable with current asking rent. Zillow’s current asking-rent index is 29.8% higher than that ACS median. Among 8,304 renter households in the survey, 5,135, or 61.8%, were reported as spending at least 30% of income on rent. This burden measure describes surveyed occupied renter households over the ACS period, not a specific listing, lease, tenant, or unit. It nevertheless reinforces the income-screen tension rather than resolving it.
The housing-stock picture gives context to that burden reading without proving availability. The ZCTA contained 26,955 housing units, including 3,019 vacant units, for an 11.2% vacancy rate; 1,454 vacant homes were seasonal. A vacant or seasonal count does not establish that a particular rental is available, affordable, or comparable to the ZORI basket. In the wider Zillow asking-rent context, Deerfield Beach city is $2,439.51, Broward County is $2,517, and the Miami-Fort Lauderdale-Pompano Beach, FL metro is $2,695; each is a broader geography than the ZIP index. Those higher city, county, and metro context values place the ZIP below its surrounding asking-rent benchmarks while leaving the local income and burden tension intact.
Annualized ZIP ZORI divided by the Redfin median sold price produces a 6.5% cross-source screening ratio. It combines a ZIP asking-rent index with a ZIP resale median, so it is not a cap rate, net return, expected return, or property yield. The ratio does not convert resale observations into property economics, nor does it establish actual collected rent, operating costs, financing results, or unit-level pricing. Its narrow value is comparative: it summarizes the relationship between the two supplied ZIP-level series. The more decision-relevant conflict remains that resale prices rose over the observed period while recent rent growth was moderate and the income and ACS burden screens remain tight.
Several limits require property-level confirmation before applying these ZIP indicators to an address. A ZCTA is a Census statistical area and is not identical to a USPS delivery ZIP, even where this five-digit label is both a Zillow ZIP market identifier and a Census ZCTA match. Check the exact address geography, bedroom count, advertised rent, lease term, concessions, included utilities, fees, condition, and live availability against the relevant listing. For a resale comparison, verify sale date, property type, size, condition, listing history, and sale-to-list details rather than relying on the ZIP median. The open question is whether an individual property matches the source definitions closely enough for these broad screens to be informative.
","findings":[{"body":"Zillow ZORI at $2,322 rose a moderate 2.4% over the latest year, but the supplied 30% arithmetic screen requires $92,880 of annual income. That exceeds the ZIP median household income of $71,301. This is a comparison of broad measures, not a tenant qualification test, yet it identifies a meaningful affordability tension in the current data.","title":"Income screen is tighter than recent rent growth suggests"},{"body":"Same-month ZORI growth was 2.4% over one year and 2.2% over three years, versus 7.9% over five years. That means the current direction is consistent with recent moderate expansion but not with the much faster longer path. The complete history is backward-looking only and should not be used as a forecast.","title":"History is positive but slower than its long-run pace"},{"body":"The direct ZIP resale observation reported an 8.2% rise in median sold price, while 84 median days on market, 6.3 months of supply, and a 95.2% average sale-to-list ratio indicate a more measured for-sale environment. These figures confirm price strength but challenge an assumption that resale conditions are uniformly tight. They are not rental-market measurements.","title":"Resale prices rose amid slower liquidity signals"},{"body":"The studio-through-four-bedroom figures are modelled estimates created by scaling ZIP ZORI with the local HUD bedroom ladder. They help compare bedroom sizes consistently, but neither the modelled figures nor HUD FMR or SAFMR are measured asking rents. A live listing can differ because of exact unit characteristics, included utilities, lease terms, and timing.","title":"Bedroom figures are HUD-scaled models, not listing evidence"}],"risks":["Zillow ZORI is a blended typical asking-rent index, so it can differ materially from a particular listing’s bedroom count, condition, utilities, concessions, lease term, and timing.","ACS figures are ZCTA five-year survey estimates of occupied renter homes, not current available listings; survey error and selected included utilities limit direct comparison with asking rents.","Redfin resale statistics describe sold homes and current for-sale conditions within a rolling ZIP observation, not rental transactions, landlord revenues, operating costs, financing outcomes, or property-level economics.","The ZCTA and USPS delivery ZIP are not identical geographies, while HUD standards and modelled bedroom estimates may not match the exact address, unit size, or currently available inventory."],"qa":[{"a":"They measure different universes. Zillow ZORI is a current typical observed asking-rent index blended across rental types. ACS median gross rent is a five-year survey measure for occupied renter homes and includes selected utilities. Differences in timing, occupancy status, unit mix, and included costs can all separate the two values without showing an error in either source.","q":"Why is Zillow ZORI higher than the ACS median gross rent?"},{"a":"No. The studio through four-bedroom values are modelled monthly ZIP estimates. They scale the ZIP-wide Zillow asking-rent index by the local HUD bedroom ladder. HUD FMR or SAFMR is an administrative bedroom-specific standard, not asking rent, so the resulting estimates should not replace current same-bedroom listing checks.","q":"Are the bedroom estimates measured rents for available units?"},{"a":"It does not directly describe the rental market. Redfin’s supplied block is a direct rolling-three-month ZIP resale observation covering sold prices, homes sold, marketing time, inventory, supply, and sale-to-list signals. It can provide for-sale context, but it is not rental comparable evidence and cannot establish rent, vacancy, or economics for a particular unit.","q":"What does the Redfin evidence say about the local rental market?"},{"a":"No. Vacancy counts are area-level housing-stock measures and include seasonal vacant homes, while rent burden describes surveyed occupied renter households in the ACS period. Neither measure identifies a specific unit’s current availability, asking price, utility treatment, lease terms, tenant income, or actual household payment burden.","q":"Does the vacancy or rent-burden data prove a specific apartment is available or unaffordable?"}],"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":1089.357368},{"period":"2015-02-01","rent":1099.580716},{"period":"2015-03-01","rent":1111.198227},{"period":"2015-04-01","rent":1113.74116},{"period":"2015-05-01","rent":1124.80129},{"period":"2015-06-01","rent":1123.168381},{"period":"2015-07-01","rent":1141.476788},{"period":"2015-08-01","rent":1140.389347},{"period":"2015-09-01","rent":1152.722822},{"period":"2015-10-01","rent":1159.043924},{"period":"2015-11-01","rent":1170.535147},{"period":"2015-12-01","rent":1160.138331},{"period":"2016-01-01","rent":1171.83513},{"period":"2016-02-01","rent":1180.490547},{"period":"2016-03-01","rent":1180.325546},{"period":"2016-04-01","rent":1180.829273},{"period":"2016-05-01","rent":1189.514524},{"period":"2016-06-01","rent":1213.637174},{"period":"2016-07-01","rent":1217.409043},{"period":"2016-08-01","rent":1230.467523},{"period":"2016-09-01","rent":1230.998223},{"period":"2016-10-01","rent":1231.383432},{"period":"2016-11-01","rent":1226.858118},{"period":"2016-12-01","rent":1231.216015},{"period":"2017-01-01","rent":1240.522558},{"period":"2017-02-01","rent":1240.001349},{"period":"2017-03-01","rent":1255.323746},{"period":"2017-04-01","rent":1264.185348},{"period":"2017-05-01","rent":1270.044063},{"period":"2017-06-01","rent":1268.607949},{"period":"2017-07-01","rent":1268.078871},{"period":"2017-08-01","rent":1277.756568},{"period":"2017-09-01","rent":1282.901649},{"period":"2017-10-01","rent":1286.462559},{"period":"2017-11-01","rent":1291.428147},{"period":"2017-12-01","rent":1299.537476},{"period":"2018-01-01","rent":1312.134082},{"period":"2018-02-01","rent":1314.111995},{"period":"2018-03-01","rent":1335.304666},{"period":"2018-04-01","rent":1334.396062},{"period":"2018-05-01","rent":1343.291391},{"period":"2018-06-01","rent":1337.372242},{"period":"2018-07-01","rent":1355.711631},{"period":"2018-08-01","rent":1343.786904},{"period":"2018-09-01","rent":1345.339644},{"period":"2018-10-01","rent":1348.734504},{"period":"2018-11-01","rent":1352.979622},{"period":"2018-12-01","rent":1361.955446},{"period":"2019-01-01","rent":1356.323662},{"period":"2019-02-01","rent":1379.553144},{"period":"2019-03-01","rent":1368.195433},{"period":"2019-04-01","rent":1377.705888},{"period":"2019-05-01","rent":1379.17448},{"period":"2019-06-01","rent":1392.712033},{"period":"2019-07-01","rent":1390.85912},{"period":"2019-08-01","rent":1405.664362},{"period":"2019-09-01","rent":1414.534252},{"period":"2019-10-01","rent":1422.812084},{"period":"2019-11-01","rent":1430.364586},{"period":"2019-12-01","rent":1431.257391},{"period":"2020-01-01","rent":1439.399679},{"period":"2020-02-01","rent":1432.489929},{"period":"2020-03-01","rent":1437.974067},{"period":"2020-04-01","rent":1435.408168},{"period":"2020-05-01","rent":1447.274068},{"period":"2020-06-01","rent":1442.167914},{"period":"2020-07-01","rent":1458.158692},{"period":"2020-08-01","rent":1465.145282},{"period":"2020-09-01","rent":1487.320853},{"period":"2020-10-01","rent":1489.289265},{"period":"2020-11-01","rent":1516.189156},{"period":"2020-12-01","rent":1514.764714},{"period":"2021-01-01","rent":1528.014333},{"period":"2021-02-01","rent":1529.777397},{"period":"2021-03-01","rent":1550.758703},{"period":"2021-04-01","rent":1578.295985},{"period":"2021-05-01","rent":1568.049282},{"period":"2021-06-01","rent":1584.175578},{"period":"2021-07-01","rent":1581.205181},{"period":"2021-08-01","rent":1625.897944},{"period":"2021-09-01","rent":1653.894777},{"period":"2021-10-01","rent":1709.061419},{"period":"2021-11-01","rent":1733.019346},{"period":"2021-12-01","rent":1770.677763},{"period":"2022-01-01","rent":1795.222079},{"period":"2022-02-01","rent":1833.154846},{"period":"2022-03-01","rent":1882.460689},{"period":"2022-04-01","rent":1907.85389},{"period":"2022-05-01","rent":1972.488332},{"period":"2022-06-01","rent":2028.515356},{"period":"2022-07-01","rent":2085.960159},{"period":"2022-08-01","rent":2111.224358},{"period":"2022-09-01","rent":2123.085922},{"period":"2022-10-01","rent":2127.680293},{"period":"2022-11-01","rent":2094.860134},{"period":"2022-12-01","rent":2114.411744},{"period":"2023-01-01","rent":2129.492345},{"period":"2023-02-01","rent":2168.181412},{"period":"2023-03-01","rent":2134.369357},{"period":"2023-04-01","rent":2152.586258},{"period":"2023-05-01","rent":2159.330693},{"period":"2023-06-01","rent":2175.149965},{"period":"2023-07-01","rent":2189.915954},{"period":"2023-08-01","rent":2187.800337},{"period":"2023-09-01","rent":2190.139507},{"period":"2023-10-01","rent":2189.136941},{"period":"2023-11-01","rent":2224.249582},{"period":"2023-12-01","rent":2237.410363},{"period":"2024-01-01","rent":2241.176184},{"period":"2024-02-01","rent":2230.071838},{"period":"2024-03-01","rent":2242.837994},{"period":"2024-04-01","rent":2233.634683},{"period":"2024-05-01","rent":2236.65525},{"period":"2024-06-01","rent":2236.026003},{"period":"2024-07-01","rent":2244.40063},{"period":"2024-08-01","rent":2243.216974},{"period":"2024-09-01","rent":2253.483734},{"period":"2024-10-01","rent":2262.431469},{"period":"2024-11-01","rent":2276.414213},{"period":"2024-12-01","rent":2268.638656},{"period":"2025-01-01","rent":2269.550589},{"period":"2025-02-01","rent":2266.113773},{"period":"2025-03-01","rent":2269.186366},{"period":"2025-04-01","rent":2267.592533},{"period":"2025-05-01","rent":2264.710536},{"period":"2025-06-01","rent":2266.669742},{"period":"2025-07-01","rent":2254.85111},{"period":"2025-08-01","rent":2263.269632},{"period":"2025-09-01","rent":2264.074993},{"period":"2025-10-01","rent":2267.654661},{"period":"2025-11-01","rent":2258.528201},{"period":"2025-12-01","rent":2265.016288},{"period":"2026-01-01","rent":2270.762121},{"period":"2026-02-01","rent":2281.585628},{"period":"2026-03-01","rent":2290.467065},{"period":"2026-04-01","rent":2304.03658},{"period":"2026-05-01","rent":2314.185637},{"period":"2026-06-01","rent":2321.734058}],"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":2266.669742,"endRent":2321.734058,"change":0.024293047628285658,"cagr":0.024293047628285658},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":2175.149965,"endRent":2321.734058,"change":0.06739033876222877,"cagr":0.02197692293656961},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":1584.175578,"endRent":2321.734058,"change":0.465578746600271,"cagr":0.0794482626331039}},"maxDrawdown":-0.015594661412031252,"annualizedVolatility":0.02979516420127562,"consecutiveReturnCount":137}}