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Rental Insights for ZIP Code 34785 (Wildwood, FL)

Housing Rentals in ZIP Code 34785 (Wildwood, FL)

34785 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 34785

The 34785 ZIP Code is primarily located in Wildwood, FL in Sumter County. This Florida region has an estimated median housing rent of $929 per month. Approximately 10.6% of housing units in this Sumter County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 14.8%.

The median rent in ZIP Code 34785 of $929 per month is 21% lower than the aggregate Florida median monthly rent of $1,175, and is 13% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 34785, approximately 54.8% of residents pay between $500 and $999 per month for rent. That is 89% higher than in Florida overall, in which 29.0% of total state residents pay between $500 and $999 per month for housing. Only 4.9% of renters in this Wildwood, FL region pay between $2,000 and $2,499 per month for rent.

ZIP Code 34785 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 34785

See the chart below for a comparison of monthly rental costs in ZIP Code 34785, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 34785 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 34785

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

Cost ZIP 34785 Florida U.S.
Less than $500 7.0% 5.3% 9.4%
$500 to $999 54.8% 29.0% 36.2%
$1,000 to $1,499 13.9% 39.0% 30.0%
$1,500 to $1,999 11.7% 17.8% 14.0%
$2,000 to $2,499 4.9% 5.5% 5.6%
$2,500 to $2,999 0.0% 1.9% 2.4%
$3,000 or more 7.9% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 34785

Renters in ZIP Code 34785 use an estimated 32.64% of their income to cover their monthly rent payments. That is about 3% higher 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 34785 renters use about 9% more of their income to cover rent expense. Household income figures for ZIP Code 34785 come in higher than in Florida as a whole. The median annual household income in ZIP Code 34785 of $61,341 sits approximately 10% higher than the overall Florida median income of $55,660 and approximately 2% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 34785

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 34785, 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 34785 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 34785

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

Rent Cost as % of Income ZIP 34785 Florida U.S.
Less than 15.0 percent 6.1% 8.9% 13.1%
15.0 to 19.9 percent 11.8% 10.7% 12.9%
20.0 to 24.9 percent 11.5% 12.4% 12.9%
25.0 to 29.9 percent 8.7% 11.7% 11.6%
30.0 to 34.9 percent 13.2% 9.6% 9.1%
35.0 percent or more 48.7% 46.7% 40.5%

Household Income in ZIP Code 34785

See the table below for the regional comparison of annual household income in ZIP Code 34785.

Income ZIP 34785 Florida U.S.
Less than $10,000 4.6% 6.5% 6.0%
$10,000 to $14,999 3.4% 4.3% 4.3%
$15,000 to $24,999 9.7% 9.9% 8.9%
$25,000 to $34,999 9.7% 10.3% 8.9%
$35,000 to $49,999 13.6% 13.9% 12.3%
$50,000 to $74,999 18.0% 18.3% 17.2%
$75,000 to $99,999 15.0% 12.4% 12.7%
$100,000 to $149,999 15.2% 13.1% 15.1%
$150,000 to $199,999 5.5% 5.3% 6.8%
$200,000 or more 5.3% 6.0% 7.7%

Household Income in ZIP Code 34785

See the chart below for a comparison of annual household income figures in ZIP Code 34785, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 34785 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 34785

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 34785.

ZIP 34785 Florida U.S.
Median Housing Rent $929 $1,175 $1,062
Renter-Occupied Housing Units 10.6% 34.6% 36.0%
Rental Vacancy Rate 14.8% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.02 2.67 2.49
Average # of Bedrooms Per Unit 2.73 2.63 2.75
Percent of Income Spent on Rent 32.64% 31.74% 29.83%
Per Capita Income $36,919 $31,619 $34,103
Median Household Income $84,113 $80,286 $88,607
Living Below the Poverty Line 3.3% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 34785

In ZIP Code 34785 (Wildwood, FL), and estimated 10.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 14.8%.

The per capita income in 34785 is estimated at $36,919, which goes along with an estimated median household income of $84,113. About 3.3% of residents in this Sumter County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.02 occupants, while the units have an aggregate average size of 2.73 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.64% of their income on housing rental costs.

Rental FAQs for ZIP Code 34785

1

What is the median monthly rent in ZIP Code 34785?

Median rent for housing in ZIP Code 34785 in Sumter County in Florida is approximately $929 per month.
2

Is it expensive to rent in ZIP Code 34785?

Rent in ZIP Code 34785 is lower than average in the state of Florida overall. The median monthly rent of $929 in ZIP Code 34785 is approximately 21% lower than the Florida median of $1,175. Additionally, median rent in this Wildwood, FL region ($929) is about 13% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 34785?

High-priced rentals are more common in ZIP Code 34785 than in Florida overall. The percentage of rentals in ZIP Code 34785 that cost $3,000 or more per month (7.9%) is about 427% higher than the Florida rate of 1.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 229% lower than the aforementioned 34785 rate of 7.9%.
4

Are affordable rentals common in ZIP Code 34785?

Affordable rentals are more common in ZIP Code 34785 than in Florida overall. The percentage of housing rentals in ZIP Code 34785 costing $999 or less per month (61.8%) is approximately 80% 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 36% lower than the previously mentioned 34785 rate of 61.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 34785?

The most common range for rental cost in ZIP Code 34785 is between $500 and $999 per month. About 54.8% of renters in 34785 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 34785 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 34785 is higher than the rental vacancy rate in the state of Florida overall. Rental vacancy of 14.8% in ZIP Code 34785 is about 76% higher than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Wildwood, FL region (14.8%) is an estimated 147% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 34785? How does it compare to other Florida regions?

Median household income in ZIP Code 34785 is higher than in the state of Florida overall. Annual household income of $61,341 in ZIP Code 34785 is about 10% higher than the Florida median of $55,660. Additionally, median household income in this Wildwood, FL region ($61,341) is approximately 2% 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 34785 spend on housing costs?

Renters in ZIP Code 34785 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 34785 spend an estimated 32.64% of their income on rent payments, which is about 3% higher 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 9% lower than the ZIP Code 34785 estimated rate of 32.64%.
9

Do renters in ZIP Code 34785 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 34785 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 34785 spending 30 percent or more of their income on rent costs (61.9%) is approximately 10% higher 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 25% lower than the aforementioned 34785 rate of 61.9%.
10

What is the average household size of renter-occupied units in ZIP Code 34785?

The average household size of renter-occupied units in ZIP Code 34785 is lower than in the state of Florida overall. Annual household size of 2.02 in ZIP Code 34785 is about 24% lower than the Florida median of 2.67. Additionally, median household size in this Wildwood, FL region (2.02) is approximately 19% lower than median household size of 2.49 in the U.S. as a whole.

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