ZIP 33301 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. In June 2026, Zillow’s ZIP-level ZORI stood at $3,195, up 3.1% from the same month a year earlier. This is a typical observed asking-rent index blended across rental types, so it is a market screen rather than a quote for any one available home. The immediate tension is that this measured asking-rent movement is modest beside much sharper recent resale-price movement in the same ZIP.
Redfin’s direct rolling-three-month ZIP resale observation through June 30, 2026 reported a $1,142,242 median sold price, 34.4% higher year over year, across 128 homes sold. This is for-sale-market evidence, not rental transactions or rental comparables. Marketing signals were comparatively deliberate: median days on market were 106, inventory was 368 homes and up 84.8%, and months of supply reached 8.7. The average sale-to-list result was 93.6%, while 4.8% of sales closed above list. Annualized ZIP ZORI divided by that median sold price produces a 3.36% cross-source screening ratio only; it is not a cap rate, property yield, net return, or expected return. The resale-price surge challenges an interpretation of the rent snapshot as rapidly accelerating, while the inventory and sale-to-list signals temper the price-change headline.
The backward-looking Zillow history describes stable growth, not a forecast. The exact same-month one-year change was 3.1%, the three-year annualized change was 1.6%, and the five-year annualized change was 5.5%. Thus, the recent direction still confirms an upward rent path, but it breaks from the substantially faster long-run five-year pace and runs ahead of the slower three-year rate. The history contains 138 observations with 100% coverage. Annualized monthly-return variability of 2.9% suggests a relatively contained but real range around trend, so a reader can place more confidence in the broad level than in precision around a single current snapshot. Separately, the maximum drawdown was 2.3%, documenting a limited historical decline. Transparent national discovery ranks among history-eligible ZIPs were 1,312 for momentum, 1,400 for stability, and 1,337 for the balanced measure; lower ranks are higher and these are descriptive discovery tools, not recommendations.
The Census ACS 2024 five-year ZCTA survey provides a different universe: occupied renter homes rather than current listings. Its median gross rent was $2,568 with a $164 margin of error, and gross rent includes selected utilities. Zillow’s asking-rent index was therefore 24.4% above this older survey benchmark, a difference consistent with their distinct timing and populations rather than proof of overpricing. HUD’s FY 2026 two-bedroom FMR/SAFMR standard was $2,333, making ZIP ZORI 36.9% higher. HUD is an administrative, bedroom-specific standard, not an asking-rent measure, so it should not be substituted for a market listing comparison.
The bedroom ladder translates the ZIP-wide ZORI through local HUD relationships. It produces modelled monthly ZIP estimates of $2,449 for a studio, $2,603 for one bedroom, $3,195 for two bedrooms, $4,282 for three bedrooms, and $4,948 for four bedrooms. These are modelled estimates, never measured bedroom rents: they preserve the local HUD ladder while anchoring its level to the all-type Zillow asking-rent index. In particular, the two-bedroom figure matching ZORI reflects the scaling design, not a direct observation that every two-bedroom home asks that amount. Unit condition, furnishing, utilities, availability, and lease structure can all differ from this ladder.
A 30% required-income screen converts the $3,195 monthly ZORI into $127,800 of annual household income. This is arithmetic, not advice and not an applicant qualification rule. The ACS ZCTA median household income was $124,812, so the ZIP-level asking-rent-to-income calculation was 30.7%; the comparison is a broad screen and carries survey and household-composition limits. ACS also counted 7,163 renter households, of which 2,847, or 39.7%, reported gross-rent burdens at or above the threshold. That burden measure includes selected utilities and refers to surveyed occupied renter homes; it cannot establish the affordability or likely burden of a particular available unit.
Housing composition adds another reason not to treat any aggregate screen as unit-specific. The ZCTA contained 14,581 housing units, had a 21.8% vacancy rate, and was 62.8% renter occupied among occupied homes. Large multifamily structures accounted for 9,527 units versus 3,139 single-family units. Among the reported vacancy categories, 477 homes were vacant for rent and 1,763 were seasonal, categories that do not demonstrate current availability, condition, or terms for an individual listing. For wider context only, the City of Fort Lauderdale context asking-rent level was $2,794, Broward County context rent was $2,517, and the Miami-Fort Lauderdale-Pompano Beach, FL metro context rent was $2,695. Those city, county, and metro figures describe broader geographies, not direct substitutes for ZIP evidence.
The usable conclusion is a bounded cross-source picture rather than a directional call: current ZIP asking rent is above the ACS occupied-home benchmark and HUD standard, its recent growth is slower than its five-year history, and the direct ZIP resale market shows higher sold prices alongside slower liquidity signals. Before applying these aggregates to a property, the needed checks are the actual bedroom count, advertised rent, concessions, furnished or seasonal status, included utilities, lease term, condition, and live availability. For a resale comparison, confirm the property type, physical condition, list-price history, and closed-sale details. Those checks determine whether a particular home resembles any of these ZIP-level measures.
","findings":[{"body":"Zillow ZORI for ZIP 33301 was $3,195 in June 2026. That typical asking-rent index exceeded the ACS median gross rent for occupied renter homes and the local HUD two-bedroom standard, but the comparisons use different populations, timing, and definitions. They identify a gap for review, not a conclusion about any listing.","title":"Current asking rent sits above two non-listing benchmarks"},{"body":"The one-year same-month rent increase was 3.1%, compared with a 1.6% three-year annualized rate and a 5.5% five-year annualized rate. Recent growth remains positive, but it is materially below the longer-run pace. Low historical variability and a limited drawdown support confidence in the broad trend, not exact unit pricing.","title":"Rent growth has moderated versus the longer record"},{"body":"Redfin’s direct ZIP resale data showed a sharply higher median sold price year over year, yet the same for-sale observation also showed extended marketing time, elevated months of supply, and average sales below list. Those measures concern closed-home sales and listing liquidity only. They neither measure rents nor establish rental property economics.","title":"Resale pricing and resale liquidity send different signals"},{"body":"The ZCTA’s housing base is heavily large multifamily, with a notable overall vacancy rate and a substantial seasonal-vacancy count. Those aggregate measures can coexist with limited availability in a specific building, bedroom type, condition tier, or lease format. Active listing details, utilities, concessions, and occupancy timing remain necessary checks.","title":"Stock mix and vacancy require unit-level verification"}],"risks":["Zillow ZORI is a blended typical asking-rent index, so it can differ materially from a specific advertised apartment because of bedroom count, quality, furnishings, utilities, concessions, and lease duration.","ACS gross-rent and burden results are five-year survey estimates for occupied renter homes, include selected utilities, and cannot be used to determine affordability or burden for a particular household or unit.","HUD FMR/SAFMR values are administrative bedroom-specific standards rather than observed asking rents, making the derived bedroom ladder a modelling device rather than a set of measured rent comparables.","Redfin resale metrics describe a rolling three-month for-sale market; the screening ratio combining annualized ZORI and sold price omits expenses, financing, taxes, property condition, and transaction-specific factors."],"qa":[{"a":"They describe different evidence universes. Zillow ZORI is a current ZIP-level typical observed asking-rent index blended across rental types, whereas ACS median gross rent is a five-year survey estimate for occupied renter homes and includes selected utilities. Timing, occupied-versus-listed status, and rent definitions can all create a gap without proving that either measure is wrong.","q":"Why does Zillow rent differ from ACS median gross rent?"},{"a":"No. The studio through four-bedroom values are modelled ZIP estimates created by scaling the ZIP-wide Zillow ZORI with the local HUD bedroom ladder. They are not measured asking rents, lease transactions, or building-specific comparables. A property review still needs the actual bedroom count, furnishing status, utilities, lease terms, condition, and live asking price.","q":"Are the bedroom rents observed market rents?"},{"a":"It is a simple arithmetic screen that annualizes the ZIP-wide asking-rent index and divides it by thirty percent of household income. It is not advice, an underwriting model, or an applicant qualification standard. The ACS burden statistic is separately based on surveyed occupied renter homes and cannot determine the circumstances of a particular renter.","q":"What does the 30% income screen mean?"},{"a":"Use Redfin’s direct ZIP resale observation only to describe the for-sale market: sold prices, transaction pace, marketing time, inventory, supply, and sale-to-list behavior. It does not provide rental comps or operating economics. The annualized-rent-to-sold-price figure is merely a cross-source screening ratio and should not be treated as a cap rate, yield, or return forecast.","q":"How should the resale evidence be used with the rental data?"}],"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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