ZIP Code · FL

ZIP 34987

Pop. 21,727·Saint Lucie County·160th most expensive ZIP in Florida
Median rent (all units)
$2,457/mo
Year-over-Year
-3.5%
Month-over-Month
-2.0%
vs US Median
+$525
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 34987 · $2,457
More expensive than 79% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,070
1 BR
$2,090
2 BR
$2,500
3 BR
$3,440
4 BR+
$3,670
Research median
$2,500/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

Compared with the peak

Rent in ZIP 34987 is 17.8% below its high of $2,988 in September 2023, at $2,457 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34987 changed -3.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has fallen 7 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($90,201) is $2,255 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,090); a 2-bedroom is $2,500.

Rank in Port Saint Lucie

5th cheapest of 6 ZIP codes in Port Saint Lucie.

Cheaper nearby

ZIP 34986, 6 miles away, rents for 11% less ($2,179/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34987. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$29,484/yr
At $2,457/mo median
Location
StateFL
CountySaint Lucie County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.5% YoY, -2.0% MoM), not inventory.
Demographics

Who lives here

ZIP 34987 (Port Saint Lucie, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 43% of residents hold a bachelor's degree or higher.

Population
21,727
Median income
$90,201
Median age
58.1
Renters
18.9%
Age distribution
13.4%
19.2%
18.5%
37%
Under 1811.9%
18–3413.4%
35–5419.2%
55–6418.5%
65+37%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
68.2%
13.8%
18.8%
White68.2%
Black13.8%
Hispanic18.8%
Asian1.9%
Education (25+)
24.2%
29.3%
43%
No HS diploma3.5%
HS diploma24.2%
Some college29.3%
Bachelor's+43%
Housing tenure
81.1%
18.9%
Owner81.1%
Renter18.9%

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

2023 vs 2026

How ZIP 34987 in Port Saint Lucie, FL has changed in 5 years

Rent
$2,600 → $2,457
down 5.5%
Income
$71,923 → $90,201
up 25.4%
Population
12,818 → 21,727
up 69.5%
Renter share
23.9% → 18.9%
-5.0 pts
Bachelor's+
38.3% → 43%
+4.7 pts
Median age
58.6 → 58.1
-0.5 yrs

Across the past five years, the going rent in ZIP 34987 in Port Saint Lucie, FL has shifted from $2,600 to $2,457, down 5.5% since 2023. Median household income climbed from $71,923 to $90,201 between 2021 and 2024, a 25.4% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 34987 in Port Saint Lucie, FL adding about 8,909 residents over the five-year window, up 69.5% on net. The renter share has eased from 23.9% to 18.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 38.3% to 43% across the same window. Taken together, the five-year picture in ZIP 34987 in Port Saint Lucie, 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 34987

Last updated: October 17, 2026

ZIP code 34987 covers Port Saint Lucie, FL. The median rent here is $2,457/mo as of October 2026. A 1-bedroom rents for a median of $2,090/mo. A 2-bedroom rents for a median of $2,500/mo.

At 33% of local median household income ($90,201/yr), ZIP 34987 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34987?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (about $47/hour full-time) to afford the median rent of $2,457/mo in ZIP 34987. The local median household income is $90,201/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34987?

Rent in ZIP 34987 has fallen 3.5% over the past year as of September 2026. It sits 17.8% below its high of $2,988 in September 2023.

How does ZIP 34987 compare to other ZIPs in Florida?

ZIP 34987 is one of the pricier among Florida ZIP codes for rent, ranking #160 of 656 at $2,457/mo. Over the year to September 2026, rent in ZIP 34987 changed -3.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 34987 compare to the rest of Port Saint Lucie?

At $2,457/mo, ZIP 34987 is $101 above the Port Saint Lucie citywide median of $2,356/mo. It is the 5th cheapest of 6 ZIP codes in Port Saint Lucie.
Income Affordability
33%
MODERATE

At $2,457/mo, rent takes ~33% of ZIP 34987's median household income ($90,201/yr). The standard benchmark is 30%.

ZIP 34987 33%Benchmark 30%
State income taxNone
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