US5.com
  1. Home
  2. States
  3. Florida
  4. ZIP 33428
  5. Housing & Real Estate
Watergate CDP, FL

ZIP 33428 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 33428

Median Home Value
$433,300
Median Rent
$2,086
Affordability Snapshot
$119,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,783/mo PITI).

29%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

17.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 33428 in Watergate CDP, FL, a household would need roughly $119,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,783. That is about 38% above the local median household income ($85,939), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
67.0%+2% vs US avg
x
Vacancy Rate
10.8%+5% vs US avg
x
Broadband Access
91.8%+5% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
3.7%-47% vs US avg
x
Rent Burden >30%
32.6%-34% vs US avg
x
Mortgage-Free
44.7%+17% vs US avg
x
$433,300
Home Value
$2,086
Rent
1987
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached49.0%
  • 1-unit attached9.8%
  • 2-9 units8.4%
  • 10+ units25.1%
  • Mobile home & other7.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$433,300
Median rent$2,086
Owner-occupied67.0%
Vacant10.8%
Price-to-income5.0x
Est. income to buy$119,000