Housing market/Florida/ZIP 33034

ACS 2023 · FY2027 SAFMR

ZIP 33034 Homestead, Monroe County, Florida

Monroe County, FL · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
22,129
Households
6,067
Median HH income
$46,404
Renter share
64.7%
Median gross rent
$1,283
Vacancy
8.5%
Pop. change
-5.0%
2BR SAFMR
$2,010
SAFMR / rent
1.567×
2–49 unit stock
1,625
LIHTC proj / units
13 / 1,362
HUD assisted MF
2 / 189

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 33034 · FL — sent to you.

ZIP 33034 · FL

ACS median rent$1,283
2BR SAFMR$2,010
90% floor$1,809
110% ceiling$2,211

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 33034

  • 1-unit detached2,69741.1%
  • 1-unit attached86013.1%
  • 2–4 units4947.5%
  • 5–49 units1,13117.2%
  • 50+ units68210.4%
  • Mobile69710.6%
TypeUnitsShare
1-unit detached2,69740.7%
1-unit attached86013.0%
2 units (duplex)1492.2%
3–4 units3455.2%
5–9 units6139.2%
10–19 units3545.3%
20–49 units1642.5%
50+ units68210.3%
Mobile69710.5%

2–4 unit share 7.4% · 5–49 unit share 17.1% · combined 2–49 24.5%.

Units by bedrooms

Studio
237
1BR
677
2BR
2,186
3BR
2,437
4BR
1,043
5+
51

Rent burden

Rent ≥30% of income58.8%
Rent ≥50% of income32.4%
  • ACS median gross rent $1,283 (all bedrooms, occupied rentals).
  • Median contract rent $1,077.
  • Renters paying ≥30% of income 58.8%; ≥50% 32.4%.
  • FY2027 2BR SAFMR $2,010 (1.567× ACS median gross rent).

Population

22,129 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -5.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 13 projects, 1,362 units.
  • HUD project-based assisted MF: 2 properties, 189 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 13,286 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 33034 64.7% of occupied households are renters; vacancy is 8.5%; ACS median gross rent is $1,283; population changed -5.0% between the 2018 and 2023 ACS vintages; the housing stock includes 494 units in 2–4-unit structures and 1,131 units in 5–49-unit structures; 13 LIHTC projects totaling 1,362 units; FY2027 2BR SAFMR is $2,010 versus ACS median gross rent of $1,283. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Florida research

ZIP 33034 is a Census / HUD profile for Monroe County, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 33034?

ZIP 33034 (Monroe County, FL) has 22,129 residents, 6,067 households, a renter share of 64.7%, median household income of $46,404, and ACS 2023 median gross rent of $1,283. Vacancy is 8.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 33034?

ACS counts 149 units in 2-unit buildings, 345 in 3–4 unit buildings, 613 in 5–9, 354 in 10–19, and 164 in 20–49. Combined 2–49 unit stock is 1,625 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 33034?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,010. See the full schedule and 90–110% payment-standard band on the ZIP 33034 — Homestead, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 33034 is Census / HUD research for Monroe County, FL. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.