ZIP 34748
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 34748 usually run 0.9% below trend in December and 1.2% above it in July, about $35 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 34748 is 0.6% below its high of $1,655 in July 2026, at $1,645 as of September 2026.
Rent in ZIP 34748 changed +2.1% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 34748 rose 56.3% while median household income rose 29.1% ($45,059 to $58,192). Rent outpaced income.
Rent in ZIP 34748 is 50.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($58,192) is $1,455 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,340); a 2-bedroom is $1,520.
From Zillow's monthly rent index (ZORI) for ZIP 34748. 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.
Who lives here
ZIP 34748 (Leesburg, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 23.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 34748 in Leesburg, FL has changed in 5 years
The median rent in ZIP 34748 in Leesburg, FL stood at $1,151 in 2021 and currently runs about $1,645, reflecting a 42.9% increase over the period. Census figures show median household income at $58,192 today, compared with $46,806 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 13.3% since 2021, moving from about 42,457 residents to roughly 48,095. Renters now make up 24.9% of households, compared with 27.7% five years ago. College-educated residents now make up 23.7% of adults here, versus 20.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 34748
Last updated: October 17, 2026
ZIP code 34748 covers Leesburg, FL. The median rent here is $1,645/mo as of October 2026. A 1-bedroom rents for a median of $1,340/mo. A 2-bedroom rents for a median of $1,520/mo.
At 34% of local median household income ($58,192/yr), ZIP 34748 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.
Frequently asked questions
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How does ZIP 34748 compare to the rest of Leesburg?
At $1,645/mo, rent takes ~34% of ZIP 34748's median household income ($58,192/yr). The standard benchmark is 30%.
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