Housing market/Florida/ZIP 33542

ACS 2023 · FY2027 SAFMR

ZIP 33542 Zephyrhills, Florida

Tampa-St. Petersburg-Clearwater, FL MSA · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
24,306
Households
10,421
Median HH income
$49,011
Renter share
30.2%
Median gross rent
$1,049
Vacancy
23.4%
Pop. change
+15.2%
2BR SAFMR
$1,390
SAFMR / rent
1.325×
2–49 unit stock
1,192
LIHTC proj / units
5 / 335
HUD assisted MF
2 / 56

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 33542 · FL — sent to you.

ZIP 33542 · FL

ACS median rent$1,049
2BR SAFMR$1,390
90% floor$1,251
110% ceiling$1,529

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

Housing stock

ACS 2023 units-in-structure · ZCTA 33542

  • 1-unit detached4,79435.5%
  • 1-unit attached5203.8%
  • 2–4 units5834.3%
  • 5–49 units6094.5%
  • 50+ units2652.0%
  • Mobile6,75149.9%
TypeUnitsShare
1-unit detached4,79435.3%
1-unit attached5203.8%
2 units (duplex)4313.2%
3–4 units1521.1%
5–9 units2211.6%
10–19 units2922.1%
20–49 units960.7%
50+ units2651.9%
Mobile6,75149.6%

2–4 unit share 4.3% · 5–49 unit share 4.5% · combined 2–49 8.8%.

Units by bedrooms

Studio
267
1BR
1,742
2BR
7,215
3BR
3,755
4BR
527
5+
94

Rent burden

Rent ≥30% of income38.3%
Rent ≥50% of income22.3%
  • ACS median gross rent $1,049 (all bedrooms, occupied rentals).
  • Median contract rent $842.
  • Renters paying ≥30% of income 38.3%; ≥50% 22.3%.
  • FY2027 2BR SAFMR $1,390 (1.325× ACS median gross rent).

Population

24,306 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +15.2%.

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

Assisted inventory

  • LIHTC: 5 projects, 335 units.
  • HUD project-based assisted MF: 2 properties, 56 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,555 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 33542 30.2% of occupied households are renters; vacancy is 23.4%; ACS median gross rent is $1,049; population increased +15.2% between the 2018 and 2023 ACS vintages; the housing stock includes 583 units in 2–4-unit structures and 609 units in 5–49-unit structures; 5 LIHTC projects totaling 335 units; FY2027 2BR SAFMR is $1,390 versus ACS median gross rent of $1,049. 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 33542 is a Census / HUD profile for Tampa-St. Petersburg-Clearwater, 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 33542?

ZIP 33542 (Tampa-St. Petersburg-Clearwater, FL MSA) has 24,306 residents, 10,421 households, a renter share of 30.2%, median household income of $49,011, and ACS 2023 median gross rent of $1,049. Vacancy is 23.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 33542?

ACS counts 431 units in 2-unit buildings, 152 in 3–4 unit buildings, 221 in 5–9, 292 in 10–19, and 96 in 20–49. Combined 2–49 unit stock is 1,192 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 33542?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,390. See the full schedule and 90–110% payment-standard band on the ZIP 33542 — Zephyrhills, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 33542 is Census / HUD research for Tampa-St. Petersburg-Clearwater, FL MSA. 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.