ZIP Code · FL

ZIP 34787

Pop. 101,441·Orange County·243rd most expensive ZIP in Florida
Median rent (all units)
$2,249/mo
Year-over-Year
-1.1%
Month-over-Month
-0.4%
vs US Median
+$317
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 34787 · $2,249
More expensive than 72% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,970
1 BR
$2,060
2 BR
$2,350
3 BR
$2,950
4 BR+
$3,480
Research median
$2,350/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

December. Asking rents in ZIP 34787 usually run 0.6% below trend in December and 0.7% above it in August, about $29 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 34787 is 1.8% below its high of $2,291 in February 2026, at $2,249 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34787 changed -1.1% 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 34787 rose 42.4% while median household income rose 47.3% ($81,711 to $120,365). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 34787 is 38.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 7 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($120,365) is $3,009 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,950); a 4-bedroom is $3,480.

Cheaper nearby

ZIP 32835, 8 miles away, rents for 24% less ($1,713/mo), about $6,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34787. 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
$26,988/yr
At $2,249/mo median
Location
StateFL
CountyOrange County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.1% YoY, -0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 34787 (Winter Garden, FL) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 51.2% of residents hold a bachelor's degree or higher.

Population
101,441
Median income
$120,365
Median age
37.2
Renters
31.6%
Age distribution
27.3%
19%
33.9%
Under 1827.3%
18–3419%
35–5433.9%
55–649.3%
65+10.5%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
56.9%
21%
White56.9%
Black10.9%
Hispanic21%
Asian6.5%
Other4.6%
Education (25+)
19.5%
24.7%
51.2%
No HS diploma4.6%
HS diploma19.5%
Some college24.7%
Bachelor's+51.2%
Housing tenure
68.4%
31.6%
Owner68.4%
Renter31.6%

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

2021 vs 2026

How ZIP 34787 in Winter Garden, FL has changed in 5 years

Rent
$1,706 → $2,249
up 31.8%
Income
$96,033 → $120,365
up 25.3%
Population
81,398 → 101,441
up 24.6%
Renter share
26.9% → 31.6%
+4.7 pts
Bachelor's+
44.5% → 51.2%
+6.7 pts

Across the past five years, the going rent in ZIP 34787 in Winter Garden, FL has shifted from $1,706 to $2,249, up 31.8% since 2021. Median household income climbed from $96,033 to $120,365 between 2021 and 2024, a 25.3% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 34787 in Winter Garden, FL adding about 20,043 residents over the five-year window, up 24.6% on net. The renter share has risen from 26.9% to 31.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 44.5% to 51.2% across the same window. Taken together, the five-year picture in ZIP 34787 in Winter Garden, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 34787

Last updated: October 17, 2026

ZIP code 34787 covers Winter Garden, FL. The median rent here is $2,249/mo as of October 2026. A 1-bedroom rents for a median of $2,060/mo. A 2-bedroom rents for a median of $2,350/mo.

At 22% of local median household income ($120,365/yr), ZIP 34787 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34787?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,249/mo in ZIP 34787. The local median household income is $120,365/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 34787?

Rent in ZIP 34787 has fallen 1.1% over the past year as of September 2026. It sits 1.8% below its high of $2,291 in February 2026.

When is the cheapest time to rent in ZIP 34787?

Asking rents in ZIP 34787 are usually lowest in December, about 0.6% below their yearly trend, and highest in August, about 0.7% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 34787?

No. From 2019 to 2024, rent in ZIP 34787 rose 42.4% while median household income rose 47.3%, from $81,711 to $120,365. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 34787 compare to other ZIPs in Florida?

ZIP 34787 is in the middle among Florida ZIP codes for rent, ranking #243 of 656 at $2,249/mo. Over the year to September 2026, rent in ZIP 34787 changed -1.1%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 34787 compare to the rest of Winter Garden?

At $2,249/mo, ZIP 34787 is $103 below the Winter Garden citywide median of $2,352/mo.
Income Affordability
22%
VERY AFFORDABLE

At $2,249/mo, rent takes ~22% of ZIP 34787's median household income ($120,365/yr). The standard benchmark is 30%.

ZIP 34787 22%Benchmark 30%
State income taxNone
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