ZIP 33177’s clearest measured tension is that its current $2,800 Zillow asking-rent index in June 2026 is 1.59% below a year earlier, while a simple 30% income screen produces $112,000 of required annual income against a $82,682 median household income. That arithmetic equates the asking-rent index to 40.6% of the area’s median household income; it is not advice and does not determine whether any applicant qualifies. The current asking-rent reading also stands above the matched ACS gross-rent benchmark of $2,174, creating a meaningful distinction between today’s advertised-rent signal and renter-home survey conditions.
The backward-looking rent path is mixed rather than uniformly weak. The one-year exact same-month rent-history measure is −1.59%, the three-year measure is 1.34% annualized, and the five-year measure is 7.04% annualized. Thus, the recent direction breaks from the longer expansion rather than confirming it. History coverage is 100% across 138 observations, which supports continuity of the series, but annualized monthly-return variability of 4.41% means a single current rent snapshot warrants measured confidence rather than a definitive reading. The largest observed peak-to-trough drawdown was 4.05%, showing prior declines were limited in the available history. Transparent national discovery ranks are 2,470 for momentum, 2,730 for stability, and 2,799 for the balanced measure, where a lower rank is higher. These measurements describe past ZIP rent behavior only; they are not forecasts or investment recommendations.
Source scope is essential to that comparison. The 33177 label is both a Zillow ZIP market identifier and a matched Census ZCTA. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP. Zillow ZORI is a typical observed asking-rent index blended across rental types, whereas the ACS 2024 five-year figure is a survey estimate for occupied renter homes and includes selected utilities. The ACS median gross-rent figure therefore does not measure newly advertised asking rents, and the Zillow reading does not represent a utility-inclusive survey median. Neither source alone establishes the rent, condition, lease terms, or availability of a particular home.
The bedroom view is a modelled scaling of ZIP ZORI through the local HUD ladder, not a set of measured bedroom rents. The resulting modelled monthly estimates are $2,146 for a studio, $2,282 for one bedroom, $2,800 for two bedrooms, $3,753 for three bedrooms, and $4,336 for four bedrooms. HUD’s FY2026 two-bedroom standard is $2,333, a $467 gap below the ZIP asking-rent index. HUD FMR or SAFMR is an administrative, bedroom-specific standard rather than asking rent, so its role here is to preserve relative bedroom spacing in the model rather than to provide rental comparables.
Affordability and occupancy figures reinforce the need to separate household conditions from unit-level conclusions. In the ACS renter universe, 2,334 of 3,959 renter households, or 58.95%, reported paying at least 30% of income toward gross rent. That burden measure includes selected utilities and is not proof that a particular available unit is unaffordable or that an individual household faces the same burden. The ZCTA has 17,365 housing units, a 2.5% vacancy rate, and 122 vacant units listed for rent. Renters represent 23.4% of occupied homes, while the stock is predominantly single-family. Low measured vacancy is a market-wide condition, not evidence that any specific listing will lease quickly or at its advertised price.
Wider geography provides context, not substitutes for ZIP evidence. Miami city context shows a $3,004 asking-rent measure, Miami-Dade County context shows $2,886, and the Miami-Fort Lauderdale-Pompano Beach, FL metro context shows $2,695. ZIP 33177 is below the city and county context values but above the metro context value. Miami city’s renter share is 69.2%, compared with 47.8% in Miami-Dade County, both materially higher than the ZIP’s renter share. Those city, county, and metro figures describe broader areas with different housing mixes and should not be used as direct comps for a 33177 dwelling.
Redfin’s direct rolling-three-month ZIP resale observation belongs wholly to the for-sale market, not to rental transactions. It reports a $576,870 median sold price, down 3.5% year over year, with 115 homes sold and a 71-day median marketing time. Inventory was 147 homes, down 29.2%, while months of supply stood at 3.9. Sale-to-list evidence was 97.83% on average, with 17.0% of sales above list and 20.3% going off market within two weeks. Annualized ZIP ZORI divided by the median sold price produces a 5.82% cross-source screening ratio only, not a property-level income measure. The sale-price decline confirms the recent rent softening seen in the one-year history, yet lower inventory complicates any simple conclusion from those two directional readings.
The evidence is strongest for describing separate current conditions, not for resolving property economics. A property-level review would need the live advertised rent and status, bedroom and bathroom configuration, included utilities, lease length, concessions, property type and condition, plus dated nearby sale and list evidence adjusted for the actual home. It should also confirm that the address falls within the relevant ZIP definition and that HUD bedroom classification matches the unit being considered. ACS survey uncertainty, Zillow’s blended index construction, the modelled bedroom ladder, and Redfin’s resale-only scope all limit precision. Neither the vacancy rate nor the renter-burden share proves an outcome for a particular unit.
","findings":[{"body":"The ZIP’s current Zillow asking-rent index is $2,800, while the matched ACS median gross rent is $2,174. This is a source-universe gap, not a contradiction: Zillow measures a blended asking-rent index, while ACS surveys occupied renter homes and includes selected utilities. The difference makes lease terms, utility treatment, and actual listing status important property-level checks.","title":"Current asking rent exceeds the survey rent benchmark"},{"body":"The one-year rent-history change is negative, but the three-year and five-year annualized measures remain positive. Complete history coverage and 138 observations support the continuity of the series, while elevated variability limits confidence in treating one monthly index value as a stable endpoint. The evidence is backward-looking and does not establish future rent direction.","title":"Recent rent movement breaks from the longer history"},{"body":"Studio through four-bedroom figures are modelled by scaling ZIP ZORI with the local HUD bedroom ladder. They preserve the HUD spacing across bedroom counts but do not measure actual asking rents by bedroom. HUD standards are administrative benchmarks, not rental listings, so a specific home requires direct verification of bedroom count, utilities, condition, and lease terms.","title":"Bedroom figures are structured estimates rather than observed rents"},{"body":"Redfin’s direct ZIP resale data show a lower median sold price year over year alongside reduced inventory, moderated sale-to-list results, and a substantial marketing period. The resale evidence is not rental evidence, but it challenges a one-direction interpretation: recent rent and sale-price movement softened, while inventory also contracted. The rent-to-price figure remains only a cross-source screening ratio.","title":"Resale conditions offer a qualified cross-market tension"}],"risks":["Zillow asking-rent data, ACS gross rent, HUD bedroom standards, and Redfin resale observations cover different populations and transaction types, so substituting one for another can materially distort a unit-level conclusion.","The rent history has complete coverage but elevated monthly variability, meaning the current index can be informative without being a precise lease quote or a reliable indicator of near-term movement.","The resale metrics describe direct ZIP for-sale transactions rather than rental transactions; median sold price, inventory, and sale-to-list outcomes cannot establish rents, operating costs, or economics for an available rental home.","Renter burden, vacancy, and housing-stock measures are area-level ACS conditions with survey uncertainty and should not be interpreted as proof of affordability, availability, or leasing performance for any individual property."],"qa":[{"a":"They answer different questions. Zillow ZORI is a typical observed asking-rent index blended across rental types, while ACS median gross rent is a five-year survey measure for occupied renter homes that includes selected utilities. The ACS figure can reflect existing leases and utility treatment, so it should not be read as a current advertised-rent quote.","q":"Why does the Zillow asking-rent index differ from ACS median gross rent?"},{"a":"No. The studio through four-bedroom figures are modelled estimates created by scaling the ZIP-wide Zillow asking-rent index using the local HUD bedroom ladder. They provide internally consistent bedroom spacing, but they are not measured rents for available units and cannot replace verification of an individual listing’s configuration and terms.","q":"Are the bedroom rent figures actual observed rents in 33177?"},{"a":"It is an arithmetic benchmark that divides annualized asking rent by 30% to show the household income associated with that share of income. It is not lending guidance, leasing advice, or an applicant qualification rule. Actual affordability depends on household income, recurring obligations, utility treatment, lease structure, and other circumstances not supplied here.","q":"What does the 30% required-income screen mean?"},{"a":"It should be used only as a cross-source screening ratio formed by annualizing ZIP Zillow asking rent and dividing it by Redfin’s direct ZIP median sold price. It combines separate rental-index and resale datasets, omits property-specific expenses and characteristics, and does not describe the economics or outcome of any particular home.","q":"How should the Redfin rent-to-price screening ratio be used?"}],"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 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