ZIP Code · FL

ZIP 32958

Part of Sebastian, FL

Pop. 30,023·Indian River County·221st most expensive ZIP in Florida

Median rent (all units)

$2,289/mo

Year-over-Year

+7.6%

Month-over-Month

-0.4%

vs US Median

+$357

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 32958 · $2,289

More expensive than 73% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,320

1 BR

$1,330

2 BR

$1,740

3 BR

$2,120

4 BR+

$2,920

Research median

$1,740/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

Past year vs. the rest of Florida

Rent in ZIP 32958 changed +7.6% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($66,840) is $1,671 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,330); a 2-bedroom is $1,740.

From Zillow's monthly rent index (ZORI) for ZIP 32958. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,468/yr

At $2,289/mo median

Location

CitySebastian

StateFL

CountyIndian River County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.6% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 32958 (Sebastian, FL) is majority owner-occupied, has a large retiree population, 26.6% of residents hold a bachelor's degree or higher.

Population

30,023

Median income

$66,840

Median age

59.4

Renters

14.5%

Age distribution

13.2%

19.1%

17.2%

38.9%

Under 1811.5%

18–3413.2%

35–5419.1%

55–6417.2%

65+38.9%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

85.8%

White85.8%

Black1.9%

Hispanic11.7%

Asian1.6%

Education (25+)

32%

26.6%

No HS diploma9.4%

HS diploma32%

Some college32%

Bachelor's+26.6%

Housing tenure

85.5%

14.5%

Owner85.5%

Renter14.5%

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

2021 vs 2026

How ZIP 32958 in Sebastian, FL has changed in 5 years

Income

$59,700 → $66,840

up 12.0%

Population

28,339 → 30,023

up 5.9%

Renter share

17.8% → 14.5%

-3.3 pts

Bachelor's+

30.1% → 26.6%

-3.5 pts

Median age

58.2 → 59.4

+1.2 yrs

Household income in the area moved from $59,700 to $66,840 across the same window, up 12.0% versus 2021. The population has grown by 5.9% since 2021, moving from about 28,339 residents to roughly 30,023. Renters now make up 14.5% of households, compared with 17.8% five years ago. College-educated residents now make up 26.6% of adults here, versus 30.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 32958

About renting in ZIP 32958

Last updated: October 17, 2026

ZIP code 32958 covers Sebastian, FL. The median rent here is $2,289/mo as of October 2026. A 1-bedroom rents for a median of $1,330/mo. A 2-bedroom rents for a median of $1,740/mo.

At 41% of local median household income ($66,840/yr), ZIP 32958 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32958?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (about $44/hour full-time) to afford the median rent of $2,289/mo in ZIP 32958. The local median household income is $66,840/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32958?

Rent in ZIP 32958 has risen 7.6% over the past year.

How does ZIP 32958 compare to other ZIPs in Florida?

ZIP 32958 is in the middle among Florida ZIP codes for rent, ranking #221 of 656 at $2,289/mo. Over the year to September 2026, rent in ZIP 32958 changed +7.6%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.