ZIP Code · FL

ZIP 32746

Part of Lake Mary, FL

Pop. 46,684·Seminole County·410th most expensive ZIP in Florida

Median rent (all units)

$1,945/mo

Year-over-Year

+2.4%

Month-over-Month

Stable

vs US Median

+$13

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 32746 · $1,945

More expensive than 58% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,910

1 BR

$2,000

2 BR

$2,280

3 BR

$2,860

4 BR+

$3,380

Research median

$2,280/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

March. Asking rents in ZIP 32746 usually run 0.8% below trend in March and 0.7% above it in July, about $29 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32746 is 0% below its high of $1,945 in August 2026, at $1,945 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32746 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 32746 rose 35.6% while median household income rose 19.6% ($87,581 to $104,775). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32746 is 37.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

What a typical income covers

30% of the median household income ($104,775) is $2,619 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,280); a 3-bedroom is $2,860.

Cheaper nearby

ZIP 32701, 7 miles away, rents for 12% less ($1,716/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32746. 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

$23,340/yr

At $1,945/mo median

Location

CityLake Mary

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, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 32746 (Lake Mary, FL) is majority owner-occupied, has a median income above the national average, 51.2% of residents hold a bachelor's degree or higher.

Population

46,684

Median income

$104,775

Median age

43.9

Renters

36.6%

Age distribution

19.2%

18.9%

30.4%

14.4%

17%

Under 1819.2%

18–3418.9%

35–5430.4%

55–6414.4%

65+17%

Gender

47.8%

52.2%

Male47.8%

Female52.2%

Race & ethnicity

63.5%

18.4%

White63.5%

Black8.6%

Hispanic18.4%

Asian9.1%

Education (25+)

17%

28.7%

51.2%

No HS diploma3%

HS diploma17%

Some college28.7%

Bachelor's+51.2%

Housing tenure

63.4%

36.6%

Owner63.4%

Renter36.6%

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

2021 vs 2026

How ZIP 32746 in Lake Mary, FL has changed in 5 years

Rent

$1,503 → $1,945

up 29.4%

Income

$95,610 → $104,775

up 9.6%

Population

45,145 → 46,684

up 3.4%

Renter share

35.9% → 36.6%

+0.7 pts

Bachelor's+

51.8% → 51.2%

-0.6 pts

Compared with 2021, rent in ZIP 32746 in Lake Mary, FL has increased by $442 per month, settling near $1,945 after starting the period at $1,503. Local incomes tracked alongside that move, going from a median of $95,610 in 2021 to $104,775 more recently. Rent outpaced income growth by roughly 19.8 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 45,145 to 46,684 between 2021 and 2024, a 3.4% change. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 32746 in Lake Mary, FL market of 2021.

Community

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Local insights

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About renting in ZIP 32746

Last updated: October 17, 2026

ZIP code 32746 covers Lake Mary, FL. The median rent here is $1,945/mo as of October 2026. A 1-bedroom rents for a median of $2,000/mo. A 2-bedroom rents for a median of $2,280/mo.

At 22% of local median household income ($104,775/yr), ZIP 32746 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 32746?

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 $1,945/mo in ZIP 32746. The local median household income is $104,775/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32746?

Rent in ZIP 32746 has risen 2.4% over the past year as of September 2026. It sits 0% below its high of $1,945 in August 2026.

When is the cheapest time to rent in ZIP 32746?

Asking rents in ZIP 32746 are usually lowest in March, about 0.8% below their yearly trend, and highest in July, about 0.7% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32746?

Yes. From 2019 to 2024, rent in ZIP 32746 rose 35.6% while median household income rose 19.6%, from $87,581 to $104,775. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32746 compare to other ZIPs in Florida?

ZIP 32746 is in the middle among Florida ZIP codes for rent, ranking #410 of 656 at $1,945/mo. Over the year to September 2026, rent in ZIP 32746 changed +2.4%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.