ZIP Code · FL

ZIP 34654

Part of New Port Richey, FL

Pop. 24,355·Pasco County·387th most expensive ZIP in Florida

Median rent (all units)

$1,971/mo

Year-over-Year

+5.3%

Month-over-Month

+1.5%

vs US Median

+$39

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34654 · $1,971

More expensive than 60% 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

$1,610

1 BR

$1,720

2 BR

$2,000

3 BR

$2,560

4 BR+

$3,110

Research median

$2,000/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 34654 changed +5.3% 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 8 of the last 12 months.

What a typical income covers

30% of the median household income ($73,947) is $1,849 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,720); a 2-bedroom is $2,000.

Rank in New Port Richey

4th cheapest of 4 ZIP codes in New Port Richey.

Cheaper nearby

ZIP 34668, 5 miles away, rents for 15% less ($1,681/mo), about $3,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34654. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,652/yr

At $1,971/mo median

Location

CityNew Port Richey

StateFL

CountyPasco County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.3% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 34654 (New Port Richey, FL) is majority owner-occupied, has a large retiree population, 21.5% of residents hold a bachelor's degree or higher.

Population

24,355

Median income

$73,947

Median age

43.7

Renters

20%

Age distribution

17.6%

21.6%

26.3%

14.5%

20.1%

Under 1817.6%

18–3421.6%

35–5426.3%

55–6414.5%

65+20.1%

Gender

50.6%

49.4%

Male50.6%

Female49.4%

Race & ethnicity

83%

White83%

Black3.4%

Hispanic10.1%

Asian3.3%

Education (25+)

38.9%

28.2%

21.5%

No HS diploma11.5%

HS diploma38.9%

Some college28.2%

Bachelor's+21.5%

Housing tenure

80%

20%

Owner80%

Renter20%

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

2021 vs 2026

How ZIP 34654 in New Port Richey, FL has changed in 5 years

Income

$57,973 → $73,947

up 27.6%

Population

24,321 → 24,355

up 0.1%

Renter share

22.4% → 20%

-2.4 pts

Bachelor's+

19.2% → 21.5%

+2.3 pts

Median age

46.7 → 43.7

-3.0 yrs

On the earnings side, the typical household in ZIP 34654 in New Port Richey, FL now reports about $73,947, up from $57,973 in 2021. About 20% of households rent today, against 22.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19.2% to 21.5%.

Community

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Local insights

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About renting in ZIP 34654

Last updated: October 17, 2026

ZIP code 34654 covers New Port Richey, FL. The median rent here is $1,971/mo as of October 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $2,000/mo.

At 32% of local median household income ($73,947/yr), ZIP 34654 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34654?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,971/mo in ZIP 34654. The local median household income is $73,947/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34654?

Rent in ZIP 34654 has risen 5.3% over the past year.

How does ZIP 34654 compare to other ZIPs in Florida?

ZIP 34654 is in the middle among Florida ZIP codes for rent, ranking #387 of 656 at $1,971/mo. Over the year to September 2026, rent in ZIP 34654 changed +5.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.