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ZIP Code · FL

ZIP 32534

Pop. 17,104·Escambia County·586th most expensive ZIP in Florida
Median rent (all units)
$1,618/mo
Year-over-Year
+2.8%
Month-over-Month
-1.9%
vs US Median
-$347
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 32534 · $1,618
More affordable than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,290
2 BR
$1,510
3 BR
$2,000
4 BR+
$2,440
Research median
$1,510/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: July 20, 2026

Annual cost
$19,416/yr
At $1,618/mo median
Location
StateFL
CountyEscambia 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 (+2.8% YoY, -1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 32534 (Pensacola, FL) is majority owner-occupied, has a median income below the national average, 19.7% of residents hold a bachelor's degree or higher.

Population
17,104
Median income
$58,992
Median age
37
Renters
44.8%
Age distribution
22.8%
23.8%
22.7%
14.1%
16.5%
Under 1822.8%
18–3423.8%
35–5422.7%
55–6414.1%
65+16.5%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
54.5%
31.7%
White54.5%
Black31.7%
Hispanic5.3%
Asian3.5%
Other5%
Education (25+)
31.6%
39.7%
19.7%
No HS diploma9%
HS diploma31.6%
Some college39.7%
Bachelor's+19.7%
Housing tenure
55.2%
44.8%
Owner55.2%
Renter44.8%

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

2021 vs 2026

How ZIP 32534 in Pensacola, FL has changed in 5 years

Income
$53,828 → $58,992
up 9.6%
Population
15,931 → 17,104
up 7.4%
Renter share
37.7% → 44.8%
+7.1 pts
Bachelor's+
21.4% → 19.7%
-1.7 pts
Median age
39.4 → 37
-2.4 yrs

Median household income grew from $53,828 to $58,992 between 2021 and 2024, a 9.6% shift. Headcount in the area went from 15,931 to 17,104 between 2021 and 2024, a 7.4% change. About 44.8% of households rent today, against 37.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 32534

About renting in ZIP 32534

Last updated: July 20, 2026

ZIP code 32534 covers Pensacola, FL. The median rent here is $1,618/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,510/mo.

At 33% of local median household income ($58,992/yr), ZIP 32534 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32534?

As of July 20, 2026, the median monthly rent in ZIP 32534 (Pensacola, FL) is $1,618. This is based on aggregated data from public sources and community submissions.

How does ZIP 32534 rent compare to the US average?

ZIP 32534's median rent of $1,618/mo is $347 (18%) below the US national median of $1,965/mo.

How does ZIP 32534 compare to other ZIPs in Florida?

ZIP 32534 is among the more affordable ZIP codes in Florida, ranking #586 out of 662 ZIPs at $1,618/mo.

How much income do you need to rent in ZIP 32534?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,618/mo in ZIP 32534. The local median household income is $58,992/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32534?

Rent in ZIP 32534 has increased 2.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 32534 an affordable place to rent?

ZIP 32534 is considered moderate for renters. At $1,618/mo, rent takes approximately 33% of the local median household income ($58,992/yr). The standard benchmark is 30%. ZIP 32534 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 32534 residents rent vs. own?

According to Census data, approximately 44.8% of ZIP 32534 households are renters, while 55.2% are owner-occupied. ZIP 32534 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32534 compare to the rest of Pensacola?

ZIP 32534 is more affordable than Pensacola overall. At $1,618/mo, it's $39 below the Pensacola citywide median of $1,657/mo.

When was rent data for ZIP 32534 last updated?

Rent data for ZIP 32534 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $1,618/mo, rent takes ~33% of ZIP 32534's median household income ($58,992/yr). The standard benchmark is 30%.

ZIP 32534 33%Benchmark 30%
State income taxNone
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