ZIP Code · FL

ZIP 32827

Part of Orlando, FL
Pop. 19,711·Orange County·177th most expensive ZIP in Florida
Median rent (all units)
$2,409/mo
Year-over-Year
-0.7%
Month-over-Month
+0.5%
vs US Median
+$477
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32827 · $2,409
More expensive than 77% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,290
1 BR
$2,400
2 BR
$2,740
3 BR
$3,440
4 BR+
$4,060
Research median
$2,740/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 32827 usually run 1% below trend in March and 0.5% above it in October, about $36 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 32827 is 2.5% below its high of $2,470 in January 2026, at $2,409 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32827 changed -0.7% 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 32827 rose 38.7% while median household income rose 41.3% ($83,125 to $117,483). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 32827 is 36.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($117,483) is $2,937 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,740); a 3-bedroom is $3,440.

Rank in Orlando

25th cheapest of 26 ZIP codes in Orlando.

Cheaper nearby

ZIP 32812, 5 miles away, rents for 32% less ($1,641/mo), about $9,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32827. 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
$28,908/yr
At $2,409/mo median
Location
StateFL
CountyOrange 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 (-0.7% YoY, +0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 32827 (Orlando, FL) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 52.7% of residents hold a bachelor's degree or higher.

Population
19,711
Median income
$117,483
Median age
38.2
Renters
38.7%
Age distribution
28.2%
15.5%
36%
12.5%
Under 1828.2%
18–3415.5%
35–5436%
55–647.7%
65+12.5%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
45.2%
39.1%
White45.2%
Black9.9%
Hispanic39.1%
Asian12.2%
Education (25+)
19.1%
26.8%
52.7%
No HS diploma1.3%
HS diploma19.1%
Some college26.8%
Bachelor's+52.7%
Housing tenure
61.3%
38.7%
Owner61.3%
Renter38.7%

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

2021 vs 2026

How ZIP 32827 in Orlando, FL has changed in 5 years

Rent
$1,828 → $2,409
up 31.8%
Income
$104,613 → $117,483
up 12.3%
Population
16,007 → 19,711
up 23.1%
Renter share
39.2% → 38.7%
-0.5 pts
Bachelor's+
54.5% → 52.7%
-1.8 pts

The median rent in ZIP 32827 in Orlando, FL stood at $1,828 in 2021 and currently runs about $2,409, reflecting a 31.8% increase over the period. Household income in the area moved from $104,613 to $117,483 across the same window, up 12.3% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 23.1% since 2021, moving from about 16,007 residents to roughly 19,711. Reading these numbers side by side helps frame whether current listings in ZIP 32827 in Orlando, FL look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 32827

Last updated: October 17, 2026

ZIP code 32827 covers Orlando, FL. The median rent here is $2,409/mo as of October 2026. A 1-bedroom rents for a median of $2,400/mo. A 2-bedroom rents for a median of $2,740/mo.

At 25% of local median household income ($117,483/yr), ZIP 32827 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32827?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (about $46/hour full-time) to afford the median rent of $2,409/mo in ZIP 32827. The local median household income is $117,483/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32827?

Rent in ZIP 32827 has fallen 0.7% over the past year as of September 2026. It sits 2.5% below its high of $2,470 in January 2026.

When is the cheapest time to rent in ZIP 32827?

Asking rents in ZIP 32827 are usually lowest in March, about 1% below their yearly trend, and highest in October, about 0.5% above it. At today's median that is a gap of roughly $36 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 32827?

No. From 2019 to 2024, rent in ZIP 32827 rose 38.7% while median household income rose 41.3%, from $83,125 to $117,483. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32827 compare to other ZIPs in Florida?

ZIP 32827 is one of the pricier among Florida ZIP codes for rent, ranking #177 of 656 at $2,409/mo. Over the year to September 2026, rent in ZIP 32827 changed -0.7%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32827 compare to the rest of Orlando?

At $2,409/mo, ZIP 32827 is $520 above the Orlando citywide median of $1,889/mo. It is the 25th cheapest of 26 ZIP codes in Orlando.
Income Affordability
25%
AFFORDABLE

At $2,409/mo, rent takes ~25% of ZIP 32827's median household income ($117,483/yr). The standard benchmark is 30%.

ZIP 32827 25%Benchmark 30%
State income taxNone
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