ZIP 32118
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
April. Asking rents in ZIP 32118 usually run 0.5% below trend in April and 0.6% above it in July, about $18 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 32118 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 32118 changed +4.3% 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 32118 rose 57.6% while median household income rose 38.6% ($44,200 to $61,266). Rent outpaced income.
Rent in ZIP 32118 is 62.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($61,266) is $1,532 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,300); a 2-bedroom is $1,600.
2nd cheapest of 3 ZIP codes in Daytona Beach.
ZIP 32114, 3 miles away, rents for 14% less ($1,393/mo), about $2,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 32118. 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 32118 (Daytona Beach, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 32.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 32118 in Daytona Beach, FL has changed in 5 years
Five years ago, renters in ZIP 32118 in Daytona Beach, FL paid around $1,106 a month. That figure now sits near $1,615, up 46.0% from the 2021 baseline. Household income in the area moved from $45,962 to $61,266 across the same window, up 33.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 32118 in Daytona Beach, FL adding about 260 residents over the five-year window, up 1.4% on net. The renter share has eased from 37.9% to 34.4%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 32118 in Daytona Beach, FL look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 32118
Last updated: October 17, 2026
ZIP code 32118 covers Daytona Beach, FL. The median rent here is $1,615/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,600/mo.
At 32% of local median household income ($61,266/yr), ZIP 32118 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.
Frequently asked questions
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How does ZIP 32118 compare to other ZIPs in Florida?
How does ZIP 32118 compare to the rest of Daytona Beach?
At $1,615/mo, rent takes ~32% of ZIP 32118's median household income ($61,266/yr). The standard benchmark is 30%.
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