ZIP Code · FL

ZIP 32137

Pop. 48,391·Flagler County·393rd most expensive ZIP in Florida
Median rent (all units)
$1,962/mo
Year-over-Year
+2.2%
Month-over-Month
Stable
vs US Median
+$30
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32137 · $1,962
More expensive than 59% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,360
1 BR
$1,520
2 BR
$1,920
3 BR
$2,620
4 BR+
$2,970
Research median
$1,920/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

April. Asking rents in ZIP 32137 usually run 0.4% below trend in April and 0.5% above it in August, about $18 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32137 is 0.1% below its high of $1,963 in August 2026, at $1,962 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32137 changed +2.2% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 32137 rose 46.5% while median household income rose 38.4% ($60,637 to $83,923). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32137 is 49.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($83,923) is $2,098 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,920); a 3-bedroom is $2,620.

From Zillow's monthly rent index (ZORI) for ZIP 32137. 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
$23,544/yr
At $1,962/mo median
Location
StateFL
CountyFlagler County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.2% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 32137 (Palm Coast, FL) is majority owner-occupied, has a large retiree population, 38.6% of residents hold a bachelor's degree or higher.

Population
48,391
Median income
$83,923
Median age
56.9
Renters
13.6%
Age distribution
14%
21.4%
17.8%
34.8%
Under 1814%
18–3412%
35–5421.4%
55–6417.8%
65+34.8%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
78.4%
White78.4%
Black7.1%
Hispanic10.3%
Asian2.9%
Other1.3%
Education (25+)
23.9%
32%
38.6%
No HS diploma5.5%
HS diploma23.9%
Some college32%
Bachelor's+38.6%
Housing tenure
86.4%
13.6%
Owner86.4%
Renter13.6%

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

2021 vs 2026

How ZIP 32137 in Palm Coast, FL has changed in 5 years

Rent
$1,478 → $1,962
up 32.7%
Income
$66,902 → $83,923
up 25.4%
Population
44,687 → 48,391
up 8.3%
Renter share
15.4% → 13.6%
-1.8 pts
Bachelor's+
32.7% → 38.6%
+5.9 pts
Median age
54.2 → 56.9
+2.7 yrs

Compared with 2021, rent in ZIP 32137 in Palm Coast, FL has increased by $484 per month, settling near $1,962 after starting the period at $1,478. Census figures show median household income at $83,923 today, compared with $66,902 five years earlier. Rent outpaced income growth by roughly 7.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 44,687 to 48,391 between 2021 and 2024, a 8.3% change. About 13.6% of households rent today, against 15.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 32.7% to 38.6%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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About renting in ZIP 32137

Last updated: October 17, 2026

ZIP code 32137 covers Palm Coast, FL. The median rent here is $1,962/mo as of October 2026. A 1-bedroom rents for a median of $1,520/mo. A 2-bedroom rents for a median of $1,920/mo.

At 28% of local median household income ($83,923/yr), ZIP 32137 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32137?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,962/mo in ZIP 32137. The local median household income is $83,923/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32137?

Rent in ZIP 32137 has risen 2.2% over the past year as of September 2026. It sits 0.1% below its high of $1,963 in August 2026.

When is the cheapest time to rent in ZIP 32137?

Asking rents in ZIP 32137 are usually lowest in April, about 0.4% below their yearly trend, and highest in August, about 0.5% above it. At today's median that is a gap of roughly $18 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32137?

Yes. From 2019 to 2024, rent in ZIP 32137 rose 46.5% while median household income rose 38.4%, from $60,637 to $83,923. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32137 compare to other ZIPs in Florida?

ZIP 32137 is in the middle among Florida ZIP codes for rent, ranking #393 of 656 at $1,962/mo. Over the year to September 2026, rent in ZIP 32137 changed +2.2%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32137 compare to the rest of Palm Coast?

At $1,962/mo, ZIP 32137 is $65 above the Palm Coast citywide median of $1,897/mo.
Income Affordability
28%
AFFORDABLE

At $1,962/mo, rent takes ~28% of ZIP 32137's median household income ($83,923/yr). The standard benchmark is 30%.

ZIP 32137 28%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32137 (Palm Coast, FL)

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