ZIP Code · FL

ZIP 32459

Part of Santa Rosa Beach, FL

Pop. 23,522·Walton County·416th most expensive ZIP in Florida

Median rent (all units)

$1,930/mo

Year-over-Year

+2.7%

Month-over-Month

+1.3%

vs US Median

-$2

Reported rents

Rising (Monthly)

Be the first to discuss 32459 rents ↓

Most AffordableMost Expensive

ZIP 32459 · $1,930

More expensive than 57% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,410

1 BR

$1,660

2 BR

$1,820

3 BR

$2,530

4 BR+

$3,050

Research median

$1,820/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 32459 usually run 2.7% below trend in December and 2.4% above it in July, about $98 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 32459 is 3.4% below its high of $1,998 in March 2022, at $1,930 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32459 changed +2.7% 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 32459 rose 41.9% while median household income rose 31.9% ($81,766 to $107,821). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32459 is 40.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($107,821) is $2,696 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,530); a 4-bedroom is $3,050.

From Zillow's monthly rent index (ZORI) for ZIP 32459. 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

$23,160/yr

At $1,930/mo median

Location

CitySanta Rosa Beach

StateFL

CountyWalton County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.7% YoY, +1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 32459 (Santa Rosa Beach, FL) is majority owner-occupied, has a median income above the national average, 48.5% of residents hold a bachelor's degree or higher.

Population

23,522

Median income

$107,821

Median age

46.5

Renters

21.9%

Age distribution

20%

15.1%

29.9%

18.4%

16.5%

Under 1820%

18–3415.1%

35–5429.9%

55–6418.4%

65+16.5%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

86.6%

White86.6%

Black0.7%

Hispanic8%

Asian3%

Other1.8%

Education (25+)

18.8%

28.4%

48.5%

No HS diploma4.3%

HS diploma18.8%

Some college28.4%

Bachelor's+48.5%

Housing tenure

78.1%

21.9%

Owner78.1%

Renter21.9%

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

2021 vs 2026

How ZIP 32459 in Santa Rosa Beach, FL has changed in 5 years

Rent

$1,615 → $1,930

up 19.5%

Income

$94,648 → $107,821

up 13.9%

Population

18,544 → 23,522

up 26.8%

Renter share

21.2% → 21.9%

+0.7 pts

Bachelor's+

47.5% → 48.5%

+1.0 pts

Median age

47 → 46.5

-0.5 yrs

Five years ago, renters in ZIP 32459 in Santa Rosa Beach, FL paid around $1,615 a month. That figure now sits near $1,930, up 19.5% from the 2021 baseline. On the earnings side, the typical household in ZIP 32459 in Santa Rosa Beach, FL now reports about $107,821, up from $94,648 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 32459 in Santa Rosa Beach, FL adding about 4,978 residents over the five-year window, up 26.8% on net. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 32459 in Santa Rosa Beach, FL reflects that arc in its own way.

Community

Discussions about ZIP 32459

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 32459

About renting in ZIP 32459

Last updated: October 17, 2026

ZIP code 32459 covers Santa Rosa Beach, FL. The median rent here is $1,930/mo as of October 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $1,820/mo.

At 21% of local median household income ($107,821/yr), ZIP 32459 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32459?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,930/mo in ZIP 32459. The local median household income is $107,821/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32459?

Rent in ZIP 32459 has risen 2.7% over the past year as of September 2026. It sits 3.4% below its high of $1,998 in March 2022.

When is the cheapest time to rent in ZIP 32459?

Asking rents in ZIP 32459 are usually lowest in December, about 2.7% below their yearly trend, and highest in July, about 2.4% above it. At today's median that is a gap of roughly $98 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 32459?

Yes. From 2019 to 2024, rent in ZIP 32459 rose 41.9% while median household income rose 31.9%, from $81,766 to $107,821. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32459 compare to other ZIPs in Florida?

ZIP 32459 is in the middle among Florida ZIP codes for rent, ranking #416 of 656 at $1,930/mo. Over the year to September 2026, rent in ZIP 32459 changed +2.7%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.