ZIP Code · FL

ZIP 34974

Part of Okeechobee, FL

Pop. 23,975·Okeechobee County·513th most expensive ZIP in Florida

Median rent (all units)

$1,763/mo

Year-over-Year

Stable

Month-over-Month

-3.1%

vs US Median

-$169

Reported rents

Falling (Monthly)

Be the first to discuss 34974 rents ↓

Most AffordableMost Expensive

ZIP 34974 · $1,763

More affordable than 54% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,180

1 BR

$1,230

2 BR

$1,470

3 BR

$2,040

4 BR+

$2,220

Research median

$1,470/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($53,013) is $1,325 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,230); a 2-bedroom is $1,470.

From Zillow's monthly rent index (ZORI) for ZIP 34974. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,156/yr

At $1,763/mo median

Location

CityOkeechobee

StateFL

CountyOkeechobee County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -3.1% MoM), not inventory.

Demographics

Who lives here

ZIP 34974 (Okeechobee, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 16.1% of residents hold a bachelor's degree or higher.

Population

23,975

Median income

$53,013

Median age

47.7

Renters

18.3%

Age distribution

18.7%

17.8%

20.9%

15.5%

27.1%

Under 1818.7%

18–3417.8%

35–5420.9%

55–6415.5%

65+27.1%

Gender

51.8%

48.2%

Male51.8%

Female48.2%

Race & ethnicity

77.6%

20.7%

White77.6%

Black1%

Hispanic20.7%

Asian1.1%

Education (25+)

17.3%

36.4%

30.3%

16.1%

No HS diploma17.3%

HS diploma36.4%

Some college30.3%

Bachelor's+16.1%

Housing tenure

81.7%

18.3%

Owner81.7%

Renter18.3%

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

2021 vs 2026

How ZIP 34974 in Okeechobee, FL has changed in 5 years

Income

$46,575 → $53,013

up 13.8%

Population

23,055 → 23,975

up 4.0%

Renter share

21% → 18.3%

-2.7 pts

Bachelor's+

15.7% → 16.1%

+0.4 pts

Median age

49.1 → 47.7

-1.4 yrs

Census figures show median household income at $53,013 today, compared with $46,575 five years earlier. Census counts show ZIP 34974 in Okeechobee, FL adding about 920 residents over the five-year window, up 4.0% on net. The renter share has eased from 21% to 18.3%, with owner-occupied housing accounting for the remainder.

Community

Discussions about ZIP 34974

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 34974

About renting in ZIP 34974

Last updated: September 25, 2026

ZIP code 34974 covers Okeechobee, FL. The median rent here is $1,763/mo as of September 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,470/mo.

At 40% of local median household income ($53,013/yr), ZIP 34974 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 34974?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,763/mo in ZIP 34974. The local median household income is $53,013/yr, so the typical household falls short of that bar.