ZIP Code · FL

ZIP 32439

Part of Freeport, FL

Pop. 15,328·Walton County·389th most expensive ZIP in Florida

Median rent (all units)

$1,969/mo

Year-over-Year

-0.5%

Month-over-Month

-0.1%

vs US Median

+$37

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 32439 · $1,969

More expensive than 60% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,210

2 BR

$1,330

3 BR

$1,850

4 BR+

$2,230

Research median

$1,330/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

Compared with the peak

Rent in ZIP 32439 is 1.6% below its high of $2,002 in March 2024, at $1,969 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32439 changed -0.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($83,227) is $2,081 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,850); a 4-bedroom is $2,230.

From Zillow's monthly rent index (ZORI) for ZIP 32439. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,628/yr

At $1,969/mo median

Location

CityFreeport

StateFL

CountyWalton County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.5% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 32439 (Freeport, FL) is majority owner-occupied, has a large share of families with children, 30.8% of residents hold a bachelor's degree or higher.

Population

15,328

Median income

$83,227

Median age

39.2

Renters

19.9%

Age distribution

26.6%

17.7%

26.1%

18%

Under 1826.6%

18–3417.7%

35–5426.1%

55–6411.4%

65+18%

Gender

52%

48%

Male52%

Female48%

Race & ethnicity

80.5%

17.1%

White80.5%

Black1.1%

Hispanic17.1%

Other1%

Education (25+)

23.6%

38.5%

30.8%

No HS diploma7.1%

HS diploma23.6%

Some college38.5%

Bachelor's+30.8%

Housing tenure

80.1%

19.9%

Owner80.1%

Renter19.9%

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

2023 vs 2026

How ZIP 32439 in Freeport, FL has changed in 5 years

Rent

$1,931 → $1,969

up 2.0%

Income

$68,341 → $83,227

up 21.8%

Population

13,306 → 15,328

up 15.2%

Renter share

20.3% → 19.9%

-0.4 pts

Bachelor's+

31.9% → 30.8%

-1.1 pts

Median age

39.9 → 39.2

-0.7 yrs

Compared with 2023, rent in ZIP 32439 in Freeport, FL has climbed by $38 per month, settling near $1,969 after starting the period at $1,931. Census figures show median household income at $83,227 today, compared with $68,341 five years earlier. Income growth outran rent by about 19.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 13,306 to 15,328 between 2021 and 2024, a 15.2% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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Local insights

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About renting in ZIP 32439

Last updated: October 17, 2026

ZIP code 32439 covers Freeport, FL. The median rent here is $1,969/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,330/mo.

At 28% of local median household income ($83,227/yr), ZIP 32439 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32439?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,969/mo in ZIP 32439. The local median household income is $83,227/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32439?

Rent in ZIP 32439 has been roughly flat over the past year as of September 2026, a -0.5% change. It sits 1.6% below its high of $2,002 in March 2024.

How does ZIP 32439 compare to other ZIPs in Florida?

ZIP 32439 is in the middle among Florida ZIP codes for rent, ranking #389 of 656 at $1,969/mo. Over the year to September 2026, rent in ZIP 32439 changed -0.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.