Fernandina Beach, FL—32034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fernandina Beach, FL
As of Oct '25, the median home price in Fernandina Beach, FL is $611,000, with a year-over-year change of -2.9%. This indicates that home prices in Fernandina Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $611,000 | -2.9% |
| Single Family | $607,000 | -3.0% |
| Condos | $627,000 | -4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $398,000 | -2.2% |
2 Bed | $519,000 | -3.7% |
3 Bed | $605,000 | -3.4% |
4 Bed | $703,000 | -2.4% |
| 5 Bed | $844,000 | -2.5% |
% of Housing Stock
Rental Trends — Fernandina Beach, FL
As of July '25, Rentcast reports the average rent in Fernandina Beach, FL is $2,890, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Fernandina Beach, FL is 1-bedrooms: $2,100, 2-bedrooms: $2,490, 3-bedrooms: $3,160, 4-bedrooms: $3,100. The most common rental property sizes in Fernandina Beach, FL are 2-bedroom and 3-bedroom, accounting for 44.6% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,100 |
| 2 Bed Rent | $2,400 | $2,490 |
| 3 Bed Rent | $2,700 | $3,160 |
| 4 Bed Rent | $2,900 | $3,100 |
% of Rental Stock
Property Listings — Fernandina Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fernandina Beach, FL is 86. This is a increase of 14.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $732,000 | -1.0% |
Listing Count | 658 | 17.0% |
| Listings as % of Homes | 2.0% | 17.0% |
Days on Market | 86 | 14.0% |
Demographics — Fernandina Beach, FL
As of the latest ACS Survey released in 2023, Fernandina Beach, FL has a population of 39,300, which has increased by 12.5% over the past 5 years. Fernandina Beach, FL is a moderately popular place for families, as children make up 15.1% of the population. The area has a highly educated workforce, with 53.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,300 | 12.5% |
% Under 18 | 15.1% | -8.5% |
% Seniors | 33.0% | 15.0% |
% WFH | 19.1% | 180.9% |
% w/ College Degree | 53.9% | 28.0% |
As of the latest ACS Survey released in 2023, Fernandina Beach, FL is a predominantly white area, with 84.7% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Fernandina Beach, FL is hispanic, making up 6.2% of the population. Foreign-born residents account for 5.8% of the population in Fernandina Beach, FL, and this percentage has decreased by 12.1% 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 | 84.7% | 0.7% |
% Black | 4.5% | -35.7% |
% Hispanic | 6.2% | 5.1% |
% Asian | 2.1% | 0.0% |
% Foreign Born | 5.8% | -12.1% |
Mortgage and Risk — Fernandina Beach, FL
According to HUD data as of 2023, there were 1235 mortgage originations in Fernandina Beach, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Fernandina Beach, FL. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,235 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Fernandina Beach, FL
As of 2024, the percent of homes in Fernandina Beach, FL under the Section 8 program is 2.2%. 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 Fernandina Beach, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 106 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$810 | $2,100 | $1,290 |
| 2 Bedroom | -$860 | $2,400 | $1,540 |
| 3 Bedroom | -$770 | $2,700 | $1,930 |
| 4 Bedroom | -$460 | $2,900 | $2,440 |
Affordability — Fernandina Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $611,000 |
| Median Household Income | $97,800 |