Zip codes with the fastest growing rent in Florida
Zip codes with the fastest growing rent in Florida
Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.
While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.
The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a "" on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.
compiled a list of zip codes with the fastest growing rent in Florida using data from . Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from .
#30. 32221 (Jacksonville)
--- #4 fastest growing rent among zip codes in Jacksonville, FL metro
- 5 year rent change: +26.0%
- Typical rent: $1,559
--- 10.8% above typical rent in Jacksonville, FL metro
- Pictured (for rent): ($1,310)
#29. 32909 (Palm Bay)
--- #2 fastest growing rent among zip codes in Melbourne, FL metro
- 5 year rent change: +38.0%
- Typical rent: $1,432
--- 7.2% less than typical rent in Melbourne, FL metro
- Pictured (for rent): ($1,050)
#28. 33909 (Cape Coral)
--- #3 fastest growing rent among zip codes in Fort Myers, FL metro
- 5 year rent change: +26.0%
- Typical rent: $1,538
--- 10.2% less than typical rent in Fort Myers, FL metro
- Pictured (for rent): ($1,595)
#27. 32118 (Daytona Beach)
--- #3 fastest growing rent among zip codes in Daytona Beach, FL metro
- 5 year rent change: +31.3%
- Typical rent: $1,306
--- 11.8% less than typical rent in Daytona Beach, FL metro
- Pictured (for rent): ($1,375)
#26. 32763 (Orange City)
--- #2 fastest growing rent among zip codes in Daytona Beach, FL metro
- 5 year rent change: +35.8%
- Typical rent: $1,446
--- 2.3% less than typical rent in Daytona Beach, FL metro
- Pictured (for rent): ($1,363)
#25. 33460 (Lake Worth Beach)
--- #3 fastest growing rent among zip codes in Miami-Fort Lauderdale, FL metro
- 5 year rent change: +34.7%
- Typical rent: $1,436
--- 26.1% less than typical rent in Miami-Fort Lauderdale, FL metro
- Pictured (for rent): ($1,795)
#24. 34638 (Land O'Lakes)
--- #10 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +25.4%
- Typical rent: $1,862
--- 16.7% above typical rent in Tampa, FL metro
- Pictured (for rent): ($2,075)
#23. 32068 (Middleburg)
--- #3 fastest growing rent among zip codes in Jacksonville, FL metro
- 5 year rent change: +32.8%
- Typical rent: $1,535
--- 9.1% above typical rent in Jacksonville, FL metro
- Pictured (for rent): ($1,025)
#22. 33971 (Lehigh Acres)
--- #2 fastest growing rent among zip codes in Fort Myers, FL metro
- 5 year rent change: +27.5%
- Typical rent: $1,378
--- 19.5% less than typical rent in Fort Myers, FL metro
- Pictured (for rent): ($2,475)
#21. 32937 (Satellite Beach)
--- #1 fastest growing rent among zip codes in Melbourne, FL metro
- 5 year rent change: +35.1%
- Typical rent: $2,147
--- 39.1% above typical rent in Melbourne, FL metro
- Pictured (for rent): ($1,600)
#20. 32003 (Fleming Island)
--- #2 fastest growing rent among zip codes in Jacksonville, FL metro
- 5 year rent change: +25.4%
- Typical rent: $1,513
--- 7.5% above typical rent in Jacksonville, FL metro
- Pictured (for rent): ($1,863)
#19. 34655 (New Port Richey)
--- #9 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +26.3%
- Typical rent: $1,662
--- 4.2% above typical rent in Tampa, FL metro
- Pictured (for rent): ($1,832)
#18. 34957 (Jensen Beach)
--- #2 fastest growing rent among zip codes in Port St. Lucie, FL metro
- 5 year rent change: +30.5%
- Typical rent: $2,452
--- 35.1% above typical rent in Port St. Lucie, FL metro
- Pictured (for rent): ($1,589)
#17. 33584 (Seffner)
--- #8 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +27.1%
- Typical rent: $1,614
--- 1.2% above typical rent in Tampa, FL metro
- Pictured (for rent): ($1,330)
#16. 32211 (Jacksonville)
--- #1 fastest growing rent among zip codes in Jacksonville, FL metro
- 5 year rent change: +29.9%
- Typical rent: $1,224
--- 13.0% less than typical rent in Jacksonville, FL metro
- Pictured (for rent): ($1,629)
#15. 33569 (Riverview)
--- #7 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +27.0%
- Typical rent: $1,814
--- 13.7% above typical rent in Tampa, FL metro
- Pictured (for rent): ($1,750)
#14. 34953 (Port Saint Lucie)
--- #1 fastest growing rent among zip codes in Port St. Lucie, FL metro
- 5 year rent change: +34.3%
- Typical rent: $1,842
--- 1.5% above typical rent in Port St. Lucie, FL metro
- Pictured (for rent): ($1,989)
#13. 34609 (Spring Hill)
--- #6 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +36.2%
- Typical rent: $1,555
--- 2.5% less than typical rent in Tampa, FL metro
- Pictured (for rent): ($1,601)
#12. 33973 (Lehigh Acres)
--- #1 fastest growing rent among zip codes in Fort Myers, FL metro
- 5 year rent change: +36.3%
- Typical rent: $1,152
--- 32.7% less than typical rent in Fort Myers, FL metro
- Pictured (for rent): ($1,750)
#11. 34690 (Holiday)
--- #5 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +40.6%
- Typical rent: $1,209
--- 24.2% less than typical rent in Tampa, FL metro
- Pictured (for rent): ($1,295)
#10. 33801 (Lakeland)
--- #2 fastest growing rent among zip codes in Lakeland, FL metro
- 5 year rent change: +40.1%
- Typical rent: $1,090
--- 26.4% less than typical rent in Lakeland, FL metro
- Pictured (for rent): ($2,550)
#9. 34668 (Port Richey)
--- #4 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +41.7%
- Typical rent: $1,270
--- 20.4% less than typical rent in Tampa, FL metro
- Pictured (for rent): ($1,379)
#8. 32127 (Port Orange)
--- #1 fastest growing rent among zip codes in Daytona Beach, FL metro
- 5 year rent change: +38.0%
- Typical rent: $1,446
--- 2.3% less than typical rent in Daytona Beach, FL metro
- Pictured (for rent): ($1,395)
#7. 33803 (Lakeland)
--- #1 fastest growing rent among zip codes in Lakeland, FL metro
- 5 year rent change: +38.6%
- Typical rent: $1,361
--- 8.0% less than typical rent in Lakeland, FL metro
- Pictured (for rent): ($1,745)
#6. 33541 (Zephyrhills)
--- #3 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +35.0%
- Typical rent: $1,536
--- 3.7% less than typical rent in Tampa, FL metro
- Pictured (for rent): ($1,665)
#5. 33707 (Saint Petersburg)
--- #2 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +47.3%
- Typical rent: $1,720
--- 7.8% above typical rent in Tampa, FL metro
- Pictured (for rent): ($3,132)
#4. 33712 (Saint Petersburg)
--- #1 fastest growing rent among zip codes in Tampa, FL metro
- 5 year rent change: +44.6%
- Typical rent: $1,463
--- 8.3% less than typical rent in Tampa, FL metro
- Pictured (for rent): ($1,920)
#3. 33480 (Palm Beach)
--- #2 fastest growing rent among zip codes in Miami-Fort Lauderdale, FL metro
- 5 year rent change: +34.5%
- Typical rent: $4,661
--- 140.0% above typical rent in Miami-Fort Lauderdale, FL metro
- Pictured (for rent): ($2,750)
#2. 33405 (West Palm Beach)
--- #1 fastest growing rent among zip codes in Miami-Fort Lauderdale, FL metro
- 5 year rent change: +50.1%
- Typical rent: $2,058
--- 6.0% above typical rent in Miami-Fort Lauderdale, FL metro
- Pictured (for rent): ($3,450)
#1. 34242 (Sarasota)
--- #1 fastest growing rent among zip codes in North Port-Sarasota-Bradenton, FL metro
- 5 year rent change: +37.4%
- Typical rent: $4,547
--- 139.8% above typical rent in North Port-Sarasota-Bradenton, FL metro
- Pictured (for rent): ($6,000)