Fleming Island, FL—32003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fleming Island, FL
As of Oct '25, the median home price in Fleming Island, FL is $440,000, with a year-over-year change of -1.7%. This indicates that home prices in Fleming Island, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $440,000 | -1.7% |
| Single Family | $453,000 | -1.5% |
| Condos | $210,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | -5.1% |
3 Bed | $363,000 | -2.7% |
4 Bed | $488,000 | -1.4% |
| 5 Bed | $640,000 | -2.4% |
% of Housing Stock
Rental Trends — Fleming Island, FL
As of July '25, Rentcast reports the average rent in Fleming Island, FL is $2,360, with a year-over-year rent change of 4.4%. Per bedroom, the median rent as of July '25 in Fleming Island, FL is 1-bedrooms: $1,330, 2-bedrooms: $1,750, 3-bedrooms: $2,220, 4-bedrooms: $2,560. The most common rental property sizes in Fleming Island, FL are 2-bedroom and 4-bedroom, accounting for 30.6% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,330 |
| 2 Bed Rent | $1,600 | $1,750 |
| 3 Bed Rent | $2,190 | $2,220 |
| 4 Bed Rent | $2,500 | $2,560 |
% of Rental Stock
Property Listings — Fleming Island, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fleming Island, FL is 81. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $474,000 | -10.0% |
Listing Count | 146 | 5.0% |
| Listings as % of Homes | 0.9% | 5.0% |
Days on Market | 81 | 25.0% |
Demographics — Fleming Island, FL
As of the latest ACS Survey released in 2023, Fleming Island, FL has a population of 29,400, which has increased by 2.9% over the past 5 years. Fleming Island, FL is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 2.9% |
% Under 18 | 20.2% | -12.6% |
% Seniors | 21.2% | 21.8% |
% WFH | 18.7% | 81.6% |
% w/ College Degree | 47.9% | 8.1% |
As of the latest ACS Survey released in 2023, Fleming Island, FL is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Fleming Island, FL is hispanic, making up 10.7% of the population. Foreign-born residents account for 6.3% of the population in Fleming Island, FL, and this percentage has decreased by 16.0% 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 | 78.2% | -3.5% |
% Black | 4.7% | -19.0% |
% Hispanic | 10.7% | 37.2% |
% Asian | 2.9% | 0.0% |
% Foreign Born | 6.3% | -16.0% |
Mortgage and Risk — Fleming Island, FL
According to HUD data as of 2023, there were 640 mortgage originations in Fleming Island, FL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Fleming Island, FL. Investor activity is low, as 2.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 640 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 27.0% |
Loan Activity
Rentals and Section 8 — Fleming Island, FL
As of 2024, the percent of homes in Fleming Island, FL under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fleming Island, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $1,320 | $2,020 |
| 2 Bedroom | $800 | $1,600 | $2,400 |
| 3 Bedroom | $810 | $2,190 | $3,000 |
| 4 Bedroom | $1,300 | $2,500 | $3,800 |
Affordability — Fleming Island, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $440,000 |
| Median Household Income | $119,000 |