ZIP Code · FL

ZIP 34788

Part of Leesburg, FL

Pop. 22,137·Lake County·418th most expensive ZIP in Florida

Median rent (all units)

$1,928/mo

Year-over-Year

Stable

Month-over-Month

-1.5%

vs US Median

-$4

Reported rents

Falling (Monthly)

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ZIP 34788 · $1,928

More expensive than 57% 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

$1,430

1 BR

$1,500

2 BR

$1,710

3 BR

$2,150

4 BR+

$2,540

Research median

$1,710/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

What a typical income covers

30% of the median household income ($54,147) is $1,354 a month. That is less than HUD's Fair Market Rent for a studio ($1,430).

Cheaper nearby

ZIP 34731, 6 miles away, rents for 20% less ($1,546/mo), about $4,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34788. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,136/yr

At $1,928/mo median

Location

CityLeesburg

StateFL

CountyLake County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 34788 (Leesburg, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 18% of residents hold a bachelor's degree or higher.

Population

22,137

Median income

$54,147

Median age

56.4

Renters

16.2%

Age distribution

16.5%

13.3%

17.5%

17.1%

35.6%

Under 1816.5%

18–3413.3%

35–5417.5%

55–6417.1%

65+35.6%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

81.8%

White81.8%

Black4.5%

Hispanic9.4%

Asian1.8%

Other2.5%

Education (25+)

39.6%

34%

18%

No HS diploma8.4%

HS diploma39.6%

Some college34%

Bachelor's+18%

Housing tenure

83.8%

16.2%

Owner83.8%

Renter16.2%

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

2021 vs 2026

How ZIP 34788 in Leesburg, FL has changed in 5 years

Income

$48,708 → $54,147

up 11.2%

Population

20,689 → 22,137

up 7.0%

Renter share

17.8% → 16.2%

-1.6 pts

Bachelor's+

19.3% → 18%

-1.3 pts

Median age

57.1 → 56.4

-0.7 yrs

Household income in the area moved from $48,708 to $54,147 across the same window, up 11.2% versus 2021. Headcount in the area went from 20,689 to 22,137 between 2021 and 2024, a 7.0% change. About 16.2% of households rent today, against 17.8% in 2021.

Community

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Local insights

Tips for renters in ZIP 34788

About renting in ZIP 34788

Last updated: October 17, 2026

ZIP code 34788 covers Leesburg, FL. The median rent here is $1,928/mo as of October 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,710/mo.

At 43% of local median household income ($54,147/yr), ZIP 34788 ranks as moderate 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 34788?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,928/mo in ZIP 34788. The local median household income is $54,147/yr, so the typical household falls short of that bar.