Mary Esther, FL—32569
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mary Esther, FL
As of Oct '25, the median home price in Mary Esther, FL is $314,000, with a year-over-year change of -4.5%. This indicates that home prices in Mary Esther, 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 | $314,000 | -4.5% |
| Single Family | $317,000 | -3.6% |
| Condos | $273,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | -4.3% |
3 Bed | $312,000 | -4.6% |
4 Bed | $385,000 | -3.3% |
| 5 Bed | $706,000 | -2.8% |
% of Housing Stock
Rental Trends — Mary Esther, FL
As of July '25, Rentcast reports the average rent in Mary Esther, FL is $1,960, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Mary Esther, FL is 1-bedrooms: $1,180, 2-bedrooms: $1,520, 3-bedrooms: $2,100, 4-bedrooms: $2,470. The most common rental property sizes in Mary Esther, FL are 3-bedroom and 2-bedroom, accounting for 45.4% and 38.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,180 |
| 2 Bed Rent | $1,400 | $1,520 |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | $2,370 | $2,470 |
% of Rental Stock
Property Listings — Mary Esther, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mary Esther, FL is 63. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | -3.0% |
Listing Count | 134 | 13.0% |
| Listings as % of Homes | 1.1% | 13.0% |
Days on Market | 63 | -22.0% |
Demographics — Mary Esther, FL
As of the latest ACS Survey released in 2023, Mary Esther, FL has a population of 12,600, which has decreased by -2.5% over the past 5 years. Mary Esther, FL is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,600 | -2.5% |
% Under 18 | 16.9% | -19.9% |
% Seniors | 14.7% | 20.5% |
% WFH | 12.6% | 800.0% |
% w/ College Degree | 39.8% | 50.8% |
As of the latest ACS Survey released in 2023, Mary Esther, FL is a predominantly white area, with 62.6% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Mary Esther, FL is black, making up 11.9% of the population. Foreign-born residents account for 4.8% of the population in Mary Esther, FL, and this percentage has decreased by 50.5% 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 | 62.6% | -11.2% |
% Black | 11.9% | 41.7% |
% Hispanic | 8.7% | -16.3% |
% Asian | 7.6% | 65.2% |
% Foreign Born | 4.8% | -50.5% |
Mortgage and Risk — Mary Esther, FL
According to HUD data as of 2023, there were 308 mortgage originations in Mary Esther, FL, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Mary Esther, FL. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 308 |
% Conventional Loans | 44.0% |
% Government Loans | 56.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Mary Esther, FL
As of 2024, the percent of homes in Mary Esther, FL under the Section 8 program is 1.3%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mary Esther, FL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,100 | $1,310 |
| 2 Bedroom | $70 | $1,400 | $1,470 |
| 3 Bedroom | -$60 | $2,100 | $2,040 |
| 4 Bedroom | $100 | $2,370 | $2,470 |
Affordability — Mary Esther, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $314,000 |
| Median Household Income | $73,800 |