ZIP Code · FL

ZIP 32708

Pop. 48,965·Seminole County·364th most expensive ZIP in Florida
Median rent (all units)
$2,007/mo
Year-over-Year
+2.4%
Month-over-Month
+0.1%
vs US Median
+$75
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32708 · $2,007
More expensive than 62% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,760
1 BR
$1,840
2 BR
$2,100
3 BR
$2,640
4 BR+
$3,110
Research median
$2,100/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

January. Asking rents in ZIP 32708 usually run 0.9% below trend in January and 1.1% above it in August, about $40 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32708 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Florida

Rent in ZIP 32708 changed +2.4% 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 32708 rose 41.8% while median household income rose 32.9% ($70,469 to $93,628). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32708 is 45.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($93,628) is $2,341 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,100); a 3-bedroom is $2,640.

Cheaper nearby

ZIP 32792, 6 miles away, rents for 16% less ($1,679/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32708. 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
$24,084/yr
At $2,007/mo median
Location
StateFL
CountySeminole County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.4% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 32708 (Winter Springs, FL) is majority owner-occupied, has a median income above the national average, 47.6% of residents hold a bachelor's degree or higher.

Population
48,965
Median income
$93,628
Median age
40.1
Renters
24.8%
Age distribution
20.5%
21.6%
26.4%
12.8%
18.7%
Under 1820.5%
18–3421.6%
35–5426.4%
55–6412.8%
65+18.7%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
68.7%
24.3%
White68.7%
Black5.7%
Hispanic24.3%
Asian4.4%
Education (25+)
17.8%
31%
47.6%
No HS diploma3.6%
HS diploma17.8%
Some college31%
Bachelor's+47.6%
Housing tenure
75.2%
24.8%
Owner75.2%
Renter24.8%

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

2021 vs 2026

How ZIP 32708 in Winter Springs, FL has changed in 5 years

Rent
$1,488 → $2,007
up 34.9%
Income
$79,320 → $93,628
up 18.0%
Population
48,218 → 48,965
up 1.5%
Renter share
25.4% → 24.8%
-0.6 pts
Bachelor's+
48.6% → 47.6%
-1.0 pts
Median age
42.7 → 40.1
-2.6 yrs

Across the past five years, the going rent in ZIP 32708 in Winter Springs, FL has shifted from $1,488 to $2,007, up 34.9% since 2021. Local incomes tracked alongside that move, going from a median of $79,320 in 2021 to $93,628 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 32708 in Winter Springs, FL adding about 747 residents over the five-year window, up 1.5% on net. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 32708 in Winter Springs, FL market of 2021.

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Local insights

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About renting in ZIP 32708

Last updated: October 17, 2026

ZIP code 32708 covers Winter Springs, FL. The median rent here is $2,007/mo as of October 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,100/mo.

At 26% of local median household income ($93,628/yr), ZIP 32708 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32708?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $2,007/mo in ZIP 32708. The local median household income is $93,628/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32708?

Rent in ZIP 32708 has risen 2.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 32708?

Asking rents in ZIP 32708 are usually lowest in January, about 0.9% below their yearly trend, and highest in August, about 1.1% above it. At today's median that is a gap of roughly $40 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32708?

Yes. From 2019 to 2024, rent in ZIP 32708 rose 41.8% while median household income rose 32.9%, from $70,469 to $93,628. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32708 compare to other ZIPs in Florida?

ZIP 32708 is in the middle among Florida ZIP codes for rent, ranking #364 of 656 at $2,007/mo. Over the year to September 2026, rent in ZIP 32708 changed +2.4%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32708 compare to the rest of Winter Springs?

ZIP 32708 sits right at the Winter Springs citywide median of $2,007/mo.
Income Affordability
26%
AFFORDABLE

At $2,007/mo, rent takes ~26% of ZIP 32708's median household income ($93,628/yr). The standard benchmark is 30%.

ZIP 32708 26%Benchmark 30%
State income taxNone
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Schools nearby

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