Keystone Heights, FL—32656
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Keystone Heights, FL
As of Oct '25, the median home price in Keystone Heights, FL is $276,000, with a year-over-year change of 0.1%. This indicates that home prices in Keystone Heights, FL are flat. 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 | $276,000 | 0.1% |
| Single Family | $276,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | 1.4% |
2 Bed | $204,000 | 0.0% |
3 Bed | $285,000 | 0.4% |
4 Bed | $387,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Keystone Heights, FL
As of July '25, Rentcast reports the average rent in Keystone Heights, FL is $1,700, with a year-over-year rent change of 18.9%. Per bedroom, the median rent as of July '25 in Keystone Heights, FL is 1-bedrooms: $1,000, 2-bedrooms: $1,300, 3-bedrooms: $1,820, 4-bedrooms: $2,120. The most common rental property sizes in Keystone Heights, FL are 3-bedroom and 2-bedroom, accounting for 37.0% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $1,150 | $1,300 |
| 3 Bed Rent | $1,600 | $1,820 |
| 4 Bed Rent | $1,800 | $2,120 |
% of Rental Stock
Property Listings — Keystone Heights, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Keystone Heights, FL is 70. This is a increase of 4.0% 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 | $350,000 | -3.0% |
Listing Count | 94 | 9.0% |
| Listings as % of Homes | 1.1% | 9.0% |
Days on Market | 70 | 4.0% |
Demographics — Keystone Heights, FL
As of the latest ACS Survey released in 2023, Keystone Heights, FL has a population of 15,600, which has increased by 8.3% over the past 5 years. Keystone Heights, FL is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | 8.3% |
% Under 18 | 26.3% | 27.7% |
% Seniors | 16.0% | -21.2% |
% WFH | 7.4% | 117.6% |
% w/ College Degree | 21.6% | 46.9% |
As of the latest ACS Survey released in 2023, Keystone Heights, FL is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Keystone Heights, FL is hispanic, making up 5.5% of the population. Foreign-born residents account for 2.2% of the population in Keystone Heights, FL, and this percentage has decreased by 29.0% 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 | 82.4% | -10.4% |
% Black | 4.0% | 566.7% |
% Hispanic | 5.5% | 41.0% |
% Asian | 0.5% | -66.7% |
% Foreign Born | 2.2% | -29.0% |
Mortgage and Risk — Keystone Heights, FL
According to HUD data as of 2023, there were 333 mortgage originations in Keystone Heights, FL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Keystone Heights, FL. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 333 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Keystone Heights, FL
As of 2024, the percent of homes in Keystone Heights, FL under the Section 8 program is 0.1%. 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 Keystone Heights, 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 | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,000 | $1,090 |
| 2 Bedroom | $140 | $1,150 | $1,290 |
| 3 Bedroom | $20 | $1,600 | $1,620 |
| 4 Bedroom | $250 | $1,800 | $2,050 |
Affordability — Keystone Heights, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $276,000 |
| Median Household Income | $73,200 |