ZIP Code · FL

ZIP 34685

Part of Palm Harbor, FL

Pop. 18,132·Pinellas County·356th most expensive ZIP in Florida

Median rent (all units)

$2,029/mo

Year-over-Year

Stable

Month-over-Month

+0.6%

vs US Median

+$97

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34685 · $2,029

More expensive than 63% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,930

1 BR

$2,050

2 BR

$2,390

3 BR

$3,060

4 BR+

$3,720

Research median

$2,390/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

Compared with the peak

Rent in ZIP 34685 is 4.9% below its high of $2,134 in June 2025, at $2,029 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34685 changed 0.0% 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 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($94,688) is $2,367 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,050); a 2-bedroom is $2,390.

Rank in Palm Harbor

3rd cheapest of 3 ZIP codes in Palm Harbor.

Cheaper nearby

ZIP 34690, 7 miles away, rents for 14% less ($1,746/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34685. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,348/yr

At $2,029/mo median

Location

CityPalm Harbor

StateFL

CountyPinellas 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 (+0.0% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 34685 (Palm Harbor, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 49% of residents hold a bachelor's degree or higher.

Population

18,132

Median income

$94,688

Median age

48.4

Renters

23.1%

Age distribution

18.7%

13.5%

27.3%

13.9%

26.6%

Under 1818.7%

18–3413.5%

35–5427.3%

55–6413.9%

65+26.6%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

82%

White82%

Black2.2%

Hispanic7.9%

Asian3.8%

Other4%

Education (25+)

15.5%

30%

49%

No HS diploma5.5%

HS diploma15.5%

Some college30%

Bachelor's+49%

Housing tenure

76.9%

23.1%

Owner76.9%

Renter23.1%

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

2023 vs 2026

How ZIP 34685 in Palm Harbor, FL has changed in 5 years

Rent

$1,926 → $2,029

up 5.3%

Income

$79,968 → $94,688

up 18.4%

Population

17,555 → 18,132

up 3.3%

Renter share

24.8% → 23.1%

-1.7 pts

Bachelor's+

43.5% → 49%

+5.5 pts

Median age

50.1 → 48.4

-1.7 yrs

Compared with 2023, rent in ZIP 34685 in Palm Harbor, FL has climbed by $103 per month, settling near $2,029 after starting the period at $1,926. Household income in the area moved from $79,968 to $94,688 across the same window, up 18.4% versus 2021. Income growth outran rent by about 13.1 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 17,555 to 18,132 between 2021 and 2024, a 3.3% change. About 23.1% of households rent today, against 24.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 43.5% to 49%. Reading these numbers side by side helps frame whether current listings in ZIP 34685 in Palm Harbor, FL look reasonable against where the market sat half a decade ago.

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About renting in ZIP 34685

Last updated: October 17, 2026

ZIP code 34685 covers Palm Harbor, FL. The median rent here is $2,029/mo as of October 2026. A 1-bedroom rents for a median of $2,050/mo. A 2-bedroom rents for a median of $2,390/mo.

At 26% of local median household income ($94,688/yr), ZIP 34685 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34685?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (about $39/hour full-time) to afford the median rent of $2,029/mo in ZIP 34685. The local median household income is $94,688/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 34685?

Rent in ZIP 34685 has been roughly flat over the past year as of September 2026, a 0.0% change. It sits 4.9% below its high of $2,134 in June 2025.

How does ZIP 34685 compare to other ZIPs in Florida?

ZIP 34685 is in the middle among Florida ZIP codes for rent, ranking #356 of 656 at $2,029/mo. Over the year to September 2026, rent in ZIP 34685 changed 0.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.