Green Cove Springs, FL—32043
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Green Cove Springs, FL
As of Oct '25, the median home price in Green Cove Springs, FL is $342,000, with a year-over-year change of -1.4%. This indicates that home prices in Green Cove Springs, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | -1.4% |
| Single Family | $343,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | -2.9% |
3 Bed | $306,000 | -1.9% |
4 Bed | $360,000 | -1.6% |
| 5 Bed | $419,000 | -1.2% |
% of Housing Stock
Rental Trends — Green Cove Springs, FL
As of July '25, Rentcast reports the average rent in Green Cove Springs, FL is $2,110, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Green Cove Springs, FL is studios: $1,650, 2-bedrooms: $1,620, 3-bedrooms: $1,910, 4-bedrooms: $2,220. The most common rental property sizes in Green Cove Springs, FL are 3-bedroom and 2-bedroom, accounting for 37.5% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,060 | $2,110 |
| Studio Rent | $1,650 | $1,650 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,620 |
| 3 Bed Rent | $1,860 | $1,910 |
| 4 Bed Rent | $2,150 | $2,220 |
% of Rental Stock
Property Listings — Green Cove Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Green Cove Springs, FL is 80. This is a increase of 8.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $356,000 | -8.0% |
Listing Count | 381 | 0.0% |
| Listings as % of Homes | 2.0% | 0.0% |
Days on Market | 80 | 8.0% |
Demographics — Green Cove Springs, FL
As of the latest ACS Survey released in 2023, Green Cove Springs, FL has a population of 33,600, which has increased by 34.6% over the past 5 years. Green Cove Springs, FL is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,600 | 34.6% |
% Under 18 | 22.7% | -3.0% |
% Seniors | 16.5% | 0.6% |
% WFH | 14.9% | 210.4% |
% w/ College Degree | 30.5% | 51.7% |
As of the latest ACS Survey released in 2023, Green Cove Springs, FL is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Green Cove Springs, FL is black, making up 9.6% of the population. Foreign-born residents account for 4.7% of the population in Green Cove Springs, FL, and this percentage has increased by 6.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.8% | -2.4% |
% Black | 9.6% | 14.3% |
% Hispanic | 6.1% | -26.5% |
% Asian | 2.1% | 75.0% |
% Foreign Born | 4.7% | 6.8% |
Mortgage and Risk — Green Cove Springs, FL
According to HUD data as of 2023, there were 1303 mortgage originations in Green Cove Springs, FL, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Green Cove Springs, FL. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,303 |
% Conventional Loans | 45.0% |
% Government Loans | 55.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Green Cove Springs, FL
Green Cove Springs, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 73 |
Total Units Section 8 | 73 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,390 |
| 2 Bedroom | $60 | $1,600 | $1,660 |
| 3 Bedroom | $210 | $1,860 | $2,070 |
| 4 Bedroom | $470 | $2,150 | $2,620 |
Affordability — Green Cove Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $342,000 |
| Median Household Income | $80,700 |