ZIP Code · FL

ZIP 34698

Part of Dunedin, FL

Pop. 38,171·Pinellas County·332nd most expensive ZIP in Florida

Median rent (all units)

$2,067/mo

Year-over-Year

+6.3%

Month-over-Month

+0.8%

vs US Median

+$135

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34698 · $2,067

More expensive than 65% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,590

1 BR

$1,690

2 BR

$1,970

3 BR

$2,520

4 BR+

$3,070

Research median

$1,970/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

Cheapest month to sign

August. Asking rents in ZIP 34698 usually run 0.3% below trend in August and 0.7% above it in November, about $21 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 34698 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Florida

Rent in ZIP 34698 changed +6.3% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 34698 rose 58.4% while median household income rose 49.5% ($49,541 to $74,078). Rent outpaced income.

Since before the pandemic

Rent in ZIP 34698 is 67% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($74,078) is $1,852 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,690); a 2-bedroom is $1,970.

Cheaper nearby

ZIP 33765, 5 miles away, rents for 16% less ($1,742/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34698. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,804/yr

At $2,067/mo median

Location

CityDunedin

StateFL

CountyPinellas County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.3% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 34698 (Dunedin, FL) is majority owner-occupied, has a large retiree population, 37.7% of residents hold a bachelor's degree or higher.

Population

38,171

Median income

$74,078

Median age

57.8

Renters

26.6%

Age distribution

15.2%

20.2%

19.2%

34.5%

Under 1810.9%

18–3415.2%

35–5420.2%

55–6419.2%

65+34.5%

Gender

46.8%

53.2%

Male46.8%

Female53.2%

Race & ethnicity

85%

White85%

Black3.9%

Hispanic6.4%

Asian1.2%

Other3.5%

Education (25+)

24.6%

32.2%

37.7%

No HS diploma5.5%

HS diploma24.6%

Some college32.2%

Bachelor's+37.7%

Housing tenure

73.4%

26.6%

Owner73.4%

Renter26.6%

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

2021 vs 2026

How ZIP 34698 in Dunedin, FL has changed in 5 years

Rent

$1,445 → $2,067

up 43.0%

Income

$56,118 → $74,078

up 32.0%

Population

38,390 → 38,171

down 0.6%

Renter share

27.5% → 26.6%

-0.9 pts

Bachelor's+

34.3% → 37.7%

+3.4 pts

The median rent in ZIP 34698 in Dunedin, FL stood at $1,445 in 2021 and currently runs about $2,067, reflecting a 43.0% increase over the period. Household income in the area moved from $56,118 to $74,078 across the same window, up 32.0% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 37.7% of adults here, versus 34.3% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 34698 in Dunedin, FL look reasonable against where the market sat half a decade ago.

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About renting in ZIP 34698

Last updated: October 17, 2026

ZIP code 34698 covers Dunedin, FL. The median rent here is $2,067/mo as of October 2026. A 1-bedroom rents for a median of $1,690/mo. A 2-bedroom rents for a median of $1,970/mo.

At 33% of local median household income ($74,078/yr), ZIP 34698 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34698?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (about $40/hour full-time) to afford the median rent of $2,067/mo in ZIP 34698. The local median household income is $74,078/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34698?

Rent in ZIP 34698 has risen 6.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 34698?

Asking rents in ZIP 34698 are usually lowest in August, about 0.3% below their yearly trend, and highest in November, about 0.7% above it. At today's median that is a gap of roughly $21 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 34698?

Yes. From 2019 to 2024, rent in ZIP 34698 rose 58.4% while median household income rose 49.5%, from $49,541 to $74,078. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 34698 compare to other ZIPs in Florida?

ZIP 34698 is in the middle among Florida ZIP codes for rent, ranking #332 of 656 at $2,067/mo. Over the year to September 2026, rent in ZIP 34698 changed +6.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.