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ZIP Code · FL

ZIP 34420

Pop. 19,465·Marion County·588th most expensive ZIP in Florida
Median rent (all units)
$1,608/mo
Year-over-Year
-10.1%
Month-over-Month
+16.9%
vs US Median
-$357
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 34420 · $1,608
More affordable than 66% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$19,296/yr
At $1,608/mo median
Location
StateFL
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-10.1% YoY, +16.9% 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: July 20, 2026

ZIP code 34420 covers Belleview, FL. The median rent here is $1,608/mo as of July 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,200/mo.

At 32% of local median household income ($60,680/yr), ZIP 34420 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 10.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 34420?

As of July 20, 2026, the median monthly rent in ZIP 34420 (Belleview, FL) is $1,608. This is based on aggregated data from public sources and community submissions.

How does ZIP 34420 rent compare to the US average?

ZIP 34420's median rent of $1,608/mo is $357 (18%) below the US national median of $1,965/mo.

How does ZIP 34420 compare to other ZIPs in Florida?

ZIP 34420 is among the more affordable ZIP codes in Florida, ranking #588 out of 662 ZIPs at $1,608/mo.

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 $64,000/year (~$31/hour full-time) to afford the median rent of $1,608/mo in ZIP 34420. The local median household income is $60,680/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 34420?

Rent in ZIP 34420 has decreased 10.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 34420 an affordable place to rent?

ZIP 34420 is considered moderate for renters. At $1,608/mo, rent takes approximately 32% of the local median household income ($60,680/yr). The standard benchmark is 30%. ZIP 34420 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 34420 residents rent vs. own?

According to Census data, approximately 28.1% of ZIP 34420 households are renters, while 71.9% are owner-occupied. ZIP 34420 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 34420 compare to the rest of Belleview?

ZIP 34420 is more affordable than Belleview overall. At $1,608/mo, it's $14 below the Belleview citywide median of $1,622/mo.

When was rent data for ZIP 34420 last updated?

Rent data for ZIP 34420 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $1,608/mo, rent takes ~32% of ZIP 34420's median household income ($60,680/yr). The standard benchmark is 30%.

ZIP 34420 32%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 34420 (Belleview, FL)

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