ZIP Code · FL

ZIP 34990

Part of Palm City, FL

Pop. 30,592·Martin County·18th most expensive ZIP in Florida

Median rent (all units)

$4,123/mo

Year-over-Year

+6.0%

Month-over-Month

+0.9%

vs US Median

+$2,191

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34990 · $4,123

More expensive than 98% 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

$1,820

1 BR

$1,840

2 BR

$2,200

3 BR

$3,030

4 BR+

$3,230

Research median

$2,200/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 34990 is at its highest level since Zillow's records here began in March 2022.

Past year vs. the rest of Florida

Rent in ZIP 34990 changed +6.0% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($129,560) is $3,239 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,230).

Cheaper nearby

ZIP 34994, 7 miles away, rents for 47% less ($2,165/mo), about $23,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34990. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$49,476/yr

At $4,123/mo median

Location

CityPalm City

StateFL

CountyMartin County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.0% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 34990 (Palm City, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 47.7% of residents hold a bachelor's degree or higher.

Population

30,592

Median income

$129,560

Median age

52.2

Renters

9.2%

Age distribution

18.7%

24.7%

16%

29.4%

Under 1818.7%

18–3411.2%

35–5424.7%

55–6416%

65+29.4%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

84.6%

White84.6%

Black0.6%

Hispanic10.3%

Asian1.9%

Other2.5%

Education (25+)

18.2%

31.1%

47.7%

No HS diploma3%

HS diploma18.2%

Some college31.1%

Bachelor's+47.7%

Housing tenure

90.8%

Owner90.8%

Renter9.2%

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

2022 vs 2026

How ZIP 34990 in Palm City, FL has changed in 5 years

Rent

$3,502 → $4,123

up 17.7%

Income

$105,527 → $129,560

up 22.8%

Population

30,156 → 30,592

up 1.4%

Renter share

11% → 9.2%

-1.8 pts

Bachelor's+

47.3% → 47.7%

+0.4 pts

Median age

51.5 → 52.2

+0.7 yrs

Five years ago, renters in ZIP 34990 in Palm City, FL paid around $3,502 a month. That figure now sits near $4,123, up 17.7% from the 2022 baseline. On the earnings side, the typical household in ZIP 34990 in Palm City, FL now reports about $129,560, up from $105,527 in 2021. 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 34990 in Palm City, FL adding about 436 residents over the five-year window, up 1.4% on net. The renter share has eased from 11% to 9.2%, with owner-occupied housing accounting for the remainder. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 34990 in Palm City, FL reflects that arc in its own way.

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About renting in ZIP 34990

Last updated: October 17, 2026

ZIP code 34990 covers Palm City, FL. The median rent here is $4,123/mo as of October 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,200/mo.

At 38% of local median household income ($129,560/yr), ZIP 34990 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34990?

To keep rent at or below 30% of gross income, you would need to earn at least $165,000/year (about $79/hour full-time) to afford the median rent of $4,123/mo in ZIP 34990. The local median household income is $129,560/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34990?

Rent in ZIP 34990 has risen 6.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2022.

How does ZIP 34990 compare to other ZIPs in Florida?

ZIP 34990 is one of the pricier among Florida ZIP codes for rent, ranking #18 of 656 at $4,123/mo. Over the year to September 2026, rent in ZIP 34990 changed +6.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.