ZIP 32003
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 32003 usually run 1.3% below trend in January and 0.7% above it in August, about $41 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 32003 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 32003 changed +5.1% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 32003 rose 44.9% while median household income rose 23.9% ($94,154 to $116,611). Rent outpaced income.
Rent in ZIP 32003 is 51.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($116,611) is $2,915 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,850); a 4-bedroom is $3,570.
ZIP 32073, 5 miles away, rents for 30% less ($1,415/mo), about $7,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 32003. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 32003 (Fleming Island, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 49.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 32003 in Fleming Island, FL has changed in 5 years
The median rent in ZIP 32003 in Fleming Island, FL stood at $1,491 in 2021 and currently runs about $2,025, reflecting a 35.8% increase over the period. On the earnings side, the typical household in ZIP 32003 in Fleming Island, FL now reports about $116,611, up from $103,019 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 49.6% of adults here, versus 46.9% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 32003 in Fleming Island, FL reflects that arc in its own way.
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Tips for renters in ZIP 32003
Last updated: October 17, 2026
ZIP code 32003 covers Fleming Island, FL. The median rent here is $2,025/mo as of October 2026. A 1-bedroom rents for a median of $1,920/mo. A 2-bedroom rents for a median of $2,310/mo.
At 21% of local median household income ($116,611/yr), ZIP 32003 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.
Frequently asked questions
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How does ZIP 32003 compare to the rest of Fleming Island?
At $2,025/mo, rent takes ~21% of ZIP 32003's median household income ($116,611/yr). The standard benchmark is 30%.
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