Cedar Key, FL—32625
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar Key, FL
As of Oct '25, the median home price in Cedar Key, FL is $321,000, with a year-over-year change of -8.1%. This indicates that home prices in Cedar Key, 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 | $321,000 | -8.1% |
| Single Family | $369,000 | -8.4% |
| Condos | $243,000 | -6.5% |
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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar Key, FL
Cedar Key, FL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cedar Key, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar Key, FL is 166. This is a decrease of -4.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $379,000 | -9.0% |
Listing Count | 58 | 40.0% |
| Listings as % of Homes | 2.4% | 40.0% |
Days on Market | 166 | -4.0% |
Demographics — Cedar Key, FL
As of the latest ACS Survey released in 2023, Cedar Key, FL has a population of 1,260, which has decreased by -22.8% over the past 5 years. Cedar Key, FL is a less popular place for families, as children make up 6.5% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,260 | -22.8% |
% Under 18 | 6.5% | -68.8% |
% Seniors | 45.0% | 133.2% |
% WFH | 33.6% | 261.3% |
% w/ College Degree | 40.4% | 48.5% |
As of the latest ACS Survey released in 2023, Cedar Key, FL is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Cedar Key, FL is black, making up 3.1% of the population. Foreign-born residents account for 2.2% of the population in Cedar Key, FL, and this percentage has increased by 120.0% 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 | 91.2% | -8.1% |
% Black | 3.1% | ∞% |
% Hispanic | 2.2% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.2% | 120.0% |
Mortgage and Risk — Cedar Key, FL
According to HUD data as of 2023, there were 42 mortgage originations in Cedar Key, FL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Cedar Key, FL. Investor activity is low, as 5.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 5.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Cedar Key, FL
Cedar Key, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Cedar Key, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $321,000 |
| Median Household Income | $59,000 |