Renters Local

Rental Insights for ZIP Code 32435 (Defuniak Springs, FL)

Housing Rentals in ZIP Code 32435 (Defuniak Springs, FL)

32435 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 32435

The 32435 ZIP Code is primarily located in Defuniak Springs, FL in Walton County. This Florida region has a median housing rent payment of $725 per month. About 27.1% of housing units in the region are renter-occupied, and this Walton County ZIP Code has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 32435 of $725 per month is 38% lower than the aggregate Florida median monthly rent of $1,175, and is 32% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 56.1% of renters in ZIP Code 32435 pay between $500 and $999 per month for housing. That is 93% higher than in Florida overall, in which 29.0% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 32435 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 32435

See the chart below for a comparison of monthly rental costs in ZIP Code 32435, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 32435 along with those in the state of Florida and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 32435

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 32435 Florida U.S.
Less than $500 22.8% 5.3% 9.4%
$500 to $999 56.1% 29.0% 36.2%
$1,000 to $1,499 17.8% 39.0% 30.0%
$1,500 to $1,999 0.0% 17.8% 14.0%
$2,000 to $2,499 3.2% 5.5% 5.6%
$2,500 to $2,999 0.0% 1.9% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 32435

Renters in ZIP Code 32435 use an estimated 30.64% of their income to cover their monthly rent payments. That is about 3% lower than in Florida overall. The estimate for Florida overall is 31.74% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 32435 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 32435 come in lower than in Florida as a whole. The median annual household income in ZIP Code 32435 of $44,150 sits approximately 21% lower than the overall Florida median income of $55,660 and approximately 30% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 32435

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 32435, Florida, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 32435 along with the same calculations in the state of Florida and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 32435

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 32435 Florida U.S.
Less than 15.0 percent 15.1% 8.9% 13.1%
15.0 to 19.9 percent 5.1% 10.7% 12.9%
20.0 to 24.9 percent 9.2% 12.4% 12.9%
25.0 to 29.9 percent 21.6% 11.7% 11.6%
30.0 to 34.9 percent 5.6% 9.6% 9.1%
35.0 percent or more 43.3% 46.7% 40.5%

Household Income in ZIP Code 32435

See the table below for the regional comparison of annual household income in ZIP Code 32435.

Income ZIP 32435 Florida U.S.
Less than $10,000 4.9% 6.5% 6.0%
$10,000 to $14,999 9.1% 4.3% 4.3%
$15,000 to $24,999 15.8% 9.9% 8.9%
$25,000 to $34,999 12.4% 10.3% 8.9%
$35,000 to $49,999 15.8% 13.9% 12.3%
$50,000 to $74,999 13.1% 18.3% 17.2%
$75,000 to $99,999 10.1% 12.4% 12.7%
$100,000 to $149,999 9.2% 13.1% 15.1%
$150,000 to $199,999 5.9% 5.3% 6.8%
$200,000 or more 3.7% 6.0% 7.7%

Household Income in ZIP Code 32435

See the chart below for a comparison of annual household income figures in ZIP Code 32435, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 32435 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 32435

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 32435.

ZIP 32435 Florida U.S.
Median Housing Rent $725 $1,175 $1,062
Renter-Occupied Housing Units 27.1% 34.6% 36.0%
Rental Vacancy Rate 0.0% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.40 2.67 2.49
Average # of Bedrooms Per Unit 2.74 2.63 2.75
Percent of Income Spent on Rent 30.64% 31.74% 29.83%
Per Capita Income $25,684 $31,619 $34,103
Median Household Income $63,074 $80,286 $88,607
Living Below the Poverty Line 12.0% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 32435

In ZIP Code 32435 (Defuniak Springs, FL), and estimated 27.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 32435 is estimated at $25,684, which goes along with an estimated median household income of $63,074. About 12.0% of residents in this Walton County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.40 occupants, while the units have an aggregate average size of 2.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.64% of their income on housing rental costs.

Rental FAQs for ZIP Code 32435

1

What is the median monthly rent in ZIP Code 32435?

Median rent for housing in ZIP Code 32435 in Walton County in Florida is approximately $725 per month.
2

Is it expensive to rent in ZIP Code 32435?

Rent in ZIP Code 32435 is lower than average in the state of Florida overall. The median monthly rent of $725 in ZIP Code 32435 is approximately 38% lower than the Florida median of $1,175. Additionally, median rent in this Defuniak Springs, FL region ($725) is about 32% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 32435?

High-priced rentals are not common in the Defuniak Springs, FL ZIP Code of 32435, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Florida overall, approximately 1.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 32435?

Affordable rentals are more common in ZIP Code 32435 than in Florida overall. The percentage of housing rentals in ZIP Code 32435 costing $999 or less per month (78.9%) is approximately 130% higher than the Florida rate of 34.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 73% lower than the previously mentioned 32435 rate of 78.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 32435?

The most common range for rental cost in ZIP Code 32435 is between $500 and $999 per month. About 56.1% of renters in 32435 pay in this range for monthly rent. In comparison, approximately 29.0% of renters in the state of Florida fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 32435 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 32435 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 0.0% in ZIP Code 32435 is about 100% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Defuniak Springs, FL region (0.0%) is an estimated 100% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 32435? How does it compare to other Florida regions?

Median household income in ZIP Code 32435 is lower than in the state of Florida overall. Annual household income of $44,150 in ZIP Code 32435 is about 21% lower than the Florida median of $55,660. Additionally, median household income in this Defuniak Springs, FL region ($44,150) is approximately 30% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 32435 spend on housing costs?

Renters in ZIP Code 32435 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 32435 spend an estimated 30.64% of their income on rent payments, which is about 3% lower than the overall Florida estimated rate of 31.74%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 3% lower than the ZIP Code 32435 estimated rate of 30.64%.
9

Do renters in ZIP Code 32435 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 32435 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 32435 spending 30 percent or more of their income on rent costs (48.9%) is approximately 13% lower than the Florida rate of 56.3% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 1% higher than the aforementioned 32435 rate of 48.9%.
10

What is the average household size of renter-occupied units in ZIP Code 32435?

The average household size of renter-occupied units in ZIP Code 32435 is lower than in the state of Florida overall. Annual household size of 2.40 in ZIP Code 32435 is about 10% lower than the Florida median of 2.67. Additionally, median household size in this Defuniak Springs, FL region (2.40) is approximately 4% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes