Island Heights—08732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Island Heights
As of Oct '25, the median home price in Island Heights is $643,000, with a year-over-year change of 2.4%. This indicates that home prices in Island Heights are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $643,000 | 2.4% |
| Single Family | $650,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $597,000 | 2.2% |
4 Bed | $792,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Island Heights
As of July '25, Rentcast reports the average rent in Island Heights is $2,730, with a year-over-year rent change of -47.2%. Per bedroom, the median rent as of July '25 in Island Heights is 1-bedrooms: $1,500, 2-bedrooms: $2,600, 3-bedrooms: $4,100. The most common rental property sizes in Island Heights are 3-bedroom and 2-bedroom, accounting for 47.1% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $2,600 | $2,600 |
| 3 Bed Rent | $4,100 | $4,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Island Heights
As of Oct '25, Realtor.com reports that the median days on market for a home in Island Heights is 36. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $739,000 | -2.0% |
Listing Count | 20 | 0.0% |
| Listings as % of Homes | 1.8% | 0.0% |
Days on Market | 36 | 1.0% |
Demographics — Island Heights
As of the latest ACS Survey released in 2023, Island Heights has a population of 1,550, which has increased by 14.4% over the past 5 years. Island Heights is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 53.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,550 | 14.4% |
% Under 18 | 16.2% | -3.0% |
% Seniors | 32.6% | 17.3% |
% WFH | 14.5% | 95.9% |
% w/ College Degree | 53.7% | 7.2% |
As of the latest ACS Survey released in 2023, Island Heights is a predominantly white area, with 90.5% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Island Heights is hispanic, making up 5.8% of the population. Foreign-born residents account for 1.9% of the population in Island Heights, and this percentage has decreased by 26.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.5% | 3.4% |
% Black | 2.1% | 200.0% |
% Hispanic | 5.8% | 383.3% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 1.9% | -26.9% |
Mortgage and Risk — Island Heights
According to HUD data as of 2023, there were 42 mortgage originations in Island Heights, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Island Heights. Investor activity is low, as 0.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Island Heights
Island Heights lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,500 | $1,620 |
| 2 Bedroom | -$600 | $2,600 | $2,000 |
| 3 Bedroom | -$1,440 | $4,100 | $2,660 |
| 4 Bedroom | N/A | N/A | $2,960 |
Affordability — Island Heights
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $643,000 |
| Median Household Income | $108,000 |