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City Report · FL

Pinewood

Pop. 18,114·190th most expensive in Florida·Rental market data updated monthly for Pinewood, FL
Median rent (all units)
$1,997/mo
Year-over-Year
Stable
Month-over-Month
-4.3%
vs US Median
+$35
Falling (Monthly)
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Most AffordableMost Expensive
Pinewood · $1,997
More expensive than 59% of US cities · National median $1,962/mo
Affordability
40% of income
MODERATE
0%30% benchmark60%+

At $1,997/mo, rent takes about 40% of the local median household income, slightly above the 30% benchmark.

Income to afford
$80,000/yr
Local median income
$59,410/yr
Based on the 30%-of-income rule using Pinewood's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$360
1 BR
$1,481
2 BR
$1,609
3 BR
$1,249
4 BR+
$1,672
Fair Market Rent (HUD)
$1,609/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,997 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,964/yr
At $1,997/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -4.3% MoM), not inventory.
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Demographics

Who lives here

Pinewood, FL is majority renter-occupied, has a median income below the national average, 10.6% of residents hold a bachelor's degree or higher.

Population
18,114
Median income
$59,410
Median age
39.9
Renters
59.6%
Age distribution
20.3%
23.4%
30.8%
15.8%
Under 1820.3%
18–3423.4%
35–5430.8%
55–649.7%
65+15.8%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
68.9%
28.7%
White4.4%
Black68.9%
Hispanic28.7%
Education (25+)
27.3%
40.3%
21.7%
No HS diploma27.3%
HS diploma40.3%
Some college21.7%
Bachelor's+10.6%
Housing tenure
40.4%
59.6%
Owner40.4%
Renter59.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Pinewood, FL has changed in 5 years

Income
$40,294 → $59,410
up 47.4%
Population
17,110 → 18,114
up 5.9%
Renter share
68.6% → 59.6%
-9.0 pts
Bachelor's+
11.4% → 10.6%
-0.8 pts

Local incomes tracked alongside that move, going from a median of $40,294 in 2021 to $59,410 more recently. Census counts show Pinewood, FL adding about 1,004 residents over the five-year window, up 5.9% on net. The renter share has eased from 68.6% to 59.6%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Pinewood

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View Pinewood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Pinewood on your salary?

At $1,997/mo, how Pinewood rent compares to typical pay (30% rule).

By apartment size

Pinewood rent by bedroom count

Median rent for each apartment size in Pinewood. Click any size for full breakdown.

Local insights

Tips for renters in Pinewood

About renting in Pinewood, FL

Last updated: August 17, 2026

The median rent in Pinewood is $1,997/mo as of August 2026. A studio apartment averages $360/mo while a 2-bedroom runs $1,609/mo. One-bedroom apartments average $1,481/mo and 3-bedroom units go for $1,249/mo.

At 40% of local median household income ($59,410/yr), Pinewood ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Pinewood an affordable city for renters?

Pinewood is considered moderate for renters. At $1,997/mo, rent takes approximately 40% of the local median household income ($59,410/yr). The standard benchmark is 30%. Pinewood slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Pinewood?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,997/mo in Pinewood. The local median household income is $59,410/yr, meaning the typical Pinewood household falls short of that threshold.

Is rent going up or down in Pinewood?

Rent in Pinewood has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Pinewood rent compare to other cities in Florida?

Pinewood is middle-of-the-pack for Florida for rent, ranking #190 out of 291 tracked cities at $1,997/mo.

What percentage of Pinewood residents rent vs. own?

According to Census data, approximately 59.6% of Pinewood households are renters, while 40.4% are owner-occupied. With a majority renter population, Pinewood has a strong rental market.

How does Pinewood rent compare to the national average?

Pinewood's median rent of $1,997/mo is $35 (2%) above the US national median of $1,962/mo. Within Florida, it ranks #190 out of 291 tracked cities.
Income Affordability
40%
MODERATE

At $1,997/mo, rent takes ~40% of Pinewood's median household income ($59,410/yr). The standard benchmark is 30%.

Pinewood 40%Benchmark 30%
State income taxNone
Run the Pinewood affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Pinewood, FL

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