ZIP Code · FL

ZIP 32765

Part of Oviedo, FL
Pop. 64,477·Seminole County·292nd most expensive ZIP in Florida
Median rent (all units)
$2,135/mo
Year-over-Year
+1.5%
Month-over-Month
-0.1%
vs US Median
+$203
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32765 · $2,135
More expensive than 68% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,000
1 BR
$2,100
2 BR
$2,390
3 BR
$3,000
4 BR+
$3,540
Research median
$2,390/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

February. Asking rents in ZIP 32765 usually run 1% below trend in February and 1.6% above it in August, about $56 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32765 is 0.1% below its high of $2,138 in August 2026, at $2,135 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32765 changed +1.5% 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 32765 rose 36.5% while median household income rose 25.4% ($81,459 to $102,167). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32765 is 38.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($102,167) is $2,554 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,390); a 3-bedroom is $3,000.

Cheaper nearby

ZIP 32773, 7 miles away, rents for 15% less ($1,820/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32765. 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
$25,620/yr
At $2,135/mo median
Location
CityOviedo
StateFL
CountySeminole 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 (+1.5% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 32765 (Oviedo, FL) is majority owner-occupied, has a median income above the national average, 52.6% of residents hold a bachelor's degree or higher.

Population
64,477
Median income
$102,167
Median age
36.2
Renters
28.9%
Age distribution
22.4%
26.2%
25.9%
12.5%
13%
Under 1822.4%
18–3426.2%
35–5425.9%
55–6412.5%
65+13%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
61.7%
23.5%
White61.7%
Black9.4%
Hispanic23.5%
Asian6.6%
Education (25+)
15.9%
27.5%
52.6%
No HS diploma4%
HS diploma15.9%
Some college27.5%
Bachelor's+52.6%
Housing tenure
71.1%
28.9%
Owner71.1%
Renter28.9%

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

2021 vs 2026

How ZIP 32765 in Oviedo, FL has changed in 5 years

Rent
$1,635 → $2,135
up 30.6%
Income
$88,156 → $102,167
up 15.9%
Population
62,675 → 64,477
up 2.9%
Renter share
27.2% → 28.9%
+1.7 pts
Bachelor's+
53.1% → 52.6%
-0.5 pts
Median age
35.1 → 36.2
+1.1 yrs

Rent in ZIP 32765 in Oviedo, FL has climbed 30.6% since 2021, going from about $1,635 per month to roughly $2,135 today. On the earnings side, the typical household in ZIP 32765 in Oviedo, FL now reports about $102,167, up from $88,156 in 2021. Rent outpaced income growth by roughly 14.7 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 62,675 to 64,477 between 2021 and 2024, a 2.9% change. About 28.9% of households rent today, against 27.2% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 32765 in Oviedo, FL reflects that arc in its own way.

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About renting in ZIP 32765

Last updated: October 17, 2026

ZIP code 32765 covers Oviedo, FL. The median rent here is $2,135/mo as of October 2026. A 1-bedroom rents for a median of $2,100/mo. A 2-bedroom rents for a median of $2,390/mo.

At 25% of local median household income ($102,167/yr), ZIP 32765 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32765?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,135/mo in ZIP 32765. The local median household income is $102,167/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32765?

Rent in ZIP 32765 has risen 1.5% over the past year as of September 2026. It sits 0.1% below its high of $2,138 in August 2026.

When is the cheapest time to rent in ZIP 32765?

Asking rents in ZIP 32765 are usually lowest in February, about 1% below their yearly trend, and highest in August, about 1.6% above it. At today's median that is a gap of roughly $56 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32765?

Yes. From 2019 to 2024, rent in ZIP 32765 rose 36.5% while median household income rose 25.4%, from $81,459 to $102,167. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32765 compare to other ZIPs in Florida?

ZIP 32765 is in the middle among Florida ZIP codes for rent, ranking #292 of 656 at $2,135/mo. Over the year to September 2026, rent in ZIP 32765 changed +1.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32765 compare to the rest of Oviedo?

At $2,135/mo, ZIP 32765 is $23 below the Oviedo citywide median of $2,158/mo.
Income Affordability
25%
AFFORDABLE

At $2,135/mo, rent takes ~25% of ZIP 32765's median household income ($102,167/yr). The standard benchmark is 30%.

ZIP 32765 25%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32765 (Oviedo, FL)

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