ZIP Code · FL

ZIP 32034

Part of Fernandina Beach, FL

Pop. 41,029·Nassau County·197th most expensive ZIP in Florida

Median rent (all units)

$2,369/mo

Year-over-Year

+3.8%

Month-over-Month

-0.2%

vs US Median

+$437

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 32034 · $2,369

More expensive than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,230

1 BR

$1,250

2 BR

$1,500

3 BR

$1,850

4 BR+

$2,320

Research median

$1,500/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 32034 usually run 2.2% below trend in December and 2.5% above it in June, about $111 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 32034 is 2.4% below its high of $2,427 in June 2026, at $2,369 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32034 changed +3.8% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Since before the pandemic

Rent in ZIP 32034 is 70.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($98,583) is $2,465 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,320).

Cheaper nearby

ZIP 32097, 8 miles away, rents for 14% less ($2,030/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32034. 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.

Annual cost

$28,428/yr

At $2,369/mo median

Location

CityFernandina Beach

StateFL

CountyNassau County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 32034 (Fernandina Beach, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 53% of residents hold a bachelor's degree or higher.

Population

41,029

Median income

$98,583

Median age

56.6

Renters

17.2%

Age distribution

14.6%

12.8%

20.7%

19.3%

32.7%

Under 1814.6%

18–3412.8%

35–5420.7%

55–6419.3%

65+32.7%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

85.9%

White85.9%

Black5.5%

Hispanic6.3%

Asian2%

Education (25+)

16.9%

26.5%

53%

No HS diploma3.7%

HS diploma16.9%

Some college26.5%

Bachelor's+53%

Housing tenure

82.8%

17.2%

Owner82.8%

Renter17.2%

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

2021 vs 2026

How ZIP 32034 in Fernandina Beach, FL has changed in 5 years

Rent

$1,561 → $2,369

up 51.8%

Income

$87,047 → $98,583

up 13.3%

Population

38,747 → 41,029

up 5.9%

Renter share

16.1% → 17.2%

+1.1 pts

Bachelor's+

49% → 53%

+4.0 pts

Median age

53.8 → 56.6

+2.8 yrs

The median rent in ZIP 32034 in Fernandina Beach, FL stood at $1,561 in 2021 and currently runs about $2,369, reflecting a 51.8% increase over the period. Local incomes tracked alongside that move, going from a median of $87,047 in 2021 to $98,583 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.9% since 2021, moving from about 38,747 residents to roughly 41,029. College-educated residents now make up 53% of adults here, versus 49% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 32034 in Fernandina Beach, FL market of 2021.

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About renting in ZIP 32034

Last updated: October 17, 2026

ZIP code 32034 covers Fernandina Beach, FL. The median rent here is $2,369/mo as of October 2026. A 1-bedroom rents for a median of $1,250/mo. A 2-bedroom rents for a median of $1,500/mo.

At 29% of local median household income ($98,583/yr), ZIP 32034 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32034?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (about $46/hour full-time) to afford the median rent of $2,369/mo in ZIP 32034. The local median household income is $98,583/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32034?

Rent in ZIP 32034 has risen 3.8% over the past year as of September 2026. It sits 2.4% below its high of $2,427 in June 2026.

When is the cheapest time to rent in ZIP 32034?

Asking rents in ZIP 32034 are usually lowest in December, about 2.2% below their yearly trend, and highest in June, about 2.5% above it. At today's median that is a gap of roughly $111 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 32034 compare to other ZIPs in Florida?

ZIP 32034 is one of the pricier among Florida ZIP codes for rent, ranking #197 of 656 at $2,369/mo. Over the year to September 2026, rent in ZIP 32034 changed +3.8%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.