ZIP Code · FL

ZIP 34420

Part of Belleview, FL

Pop. 19,465·Marion County·632nd most expensive ZIP in Florida

Median rent (all units)

$1,450/mo

Year-over-Year

-18.4%

Month-over-Month

+1.1%

vs US Median

-$482

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34420 · $1,450

More affordable than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$920

1 BR

$990

2 BR

$1,200

3 BR

$1,530

4 BR+

$1,650

Research median

$1,200/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 34420 changed -18.4% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 5 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($60,680) is $1,517 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,200); a 3-bedroom is $1,530.

From Zillow's monthly rent index (ZORI) for ZIP 34420. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,400/yr

At $1,450/mo median

Location

CityBelleview

StateFL

CountyMarion County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 18.4% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-18.4% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 34420 (Belleview, FL) is majority owner-occupied, has a median income below the national average, 15.9% of residents hold a bachelor's degree or higher.

Population

19,465

Median income

$60,680

Median age

42.4

Renters

28.1%

Age distribution

21.4%

20.2%

24.3%

14.5%

19.5%

Under 1821.4%

18–3420.2%

35–5424.3%

55–6414.5%

65+19.5%

Gender

45.1%

54.9%

Male45.1%

Female54.9%

Race & ethnicity

79.6%

18.4%

White79.6%

Black3.1%

Hispanic18.4%

Education (25+)

39.7%

34.2%

15.9%

No HS diploma10.1%

HS diploma39.7%

Some college34.2%

Bachelor's+15.9%

Housing tenure

71.9%

28.1%

Owner71.9%

Renter28.1%

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

2021 vs 2026

How ZIP 34420 in Belleview, FL has changed in 5 years

Income

$44,813 → $60,680

up 35.4%

Population

18,060 → 19,465

up 7.8%

Renter share

29.3% → 28.1%

-1.2 pts

Bachelor's+

14.5% → 15.9%

+1.4 pts

Median age

43.4 → 42.4

-1.0 yrs

Census figures show median household income at $60,680 today, compared with $44,813 five years earlier. The population has grown by 7.8% since 2021, moving from about 18,060 residents to roughly 19,465.

Community

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Local insights

Tips for renters in ZIP 34420

About renting in ZIP 34420

Last updated: October 17, 2026

ZIP code 34420 covers Belleview, FL. The median rent here is $1,450/mo as of October 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,200/mo.

At 29% of local median household income ($60,680/yr), ZIP 34420 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 18.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34420?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,450/mo in ZIP 34420. The local median household income is $60,680/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 34420?

Rent in ZIP 34420 has fallen 18.4% over the past year.

How does ZIP 34420 compare to other ZIPs in Florida?

ZIP 34420 is one of the more affordable among Florida ZIP codes for rent, ranking #632 of 656 at $1,450/mo. Over the year to September 2026, rent in ZIP 34420 changed -18.4%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.