Grand Island, FL—32735
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grand Island, FL
As of Oct '25, the median home price in Grand Island, FL is $324,000, with a year-over-year change of -2.9%. This indicates that home prices in Grand Island, 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 | $324,000 | -2.9% |
| Single Family | $324,000 | -3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | -0.4% |
3 Bed | $316,000 | -3.1% |
4 Bed | $368,000 | -2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grand Island, FL
As of July '25, Rentcast reports the average rent in Grand Island, FL is $1,810, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Grand Island, FL is 2-bedrooms: $1,470, 3-bedrooms: $1,720, 4-bedrooms: $2,150. The most common rental property sizes in Grand Island, FL are 3-bedroom and 2-bedroom, accounting for 47.0% and 42.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,830 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,470 | $1,470 |
| 3 Bed Rent | $1,480 | $1,720 |
| 4 Bed Rent | $2,000 | $2,150 |
% of Rental Stock
Property Listings — Grand Island, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Island, FL is 59. This is a increase of 15.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | -1.0% |
Listing Count | 36 | 86.0% |
| Listings as % of Homes | 1.0% | 86.0% |
Days on Market | 59 | 15.0% |
Demographics — Grand Island, FL
As of the latest ACS Survey released in 2023, Grand Island, FL has a population of 5,350, which has increased by 14.4% over the past 5 years. Grand Island, FL is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,350 | 14.4% |
% Under 18 | 21.1% | 2.4% |
% Seniors | 28.2% | -2.4% |
% WFH | 8.8% | 166.7% |
% w/ College Degree | 23.2% | 33.3% |
As of the latest ACS Survey released in 2023, Grand Island, FL is a predominantly white area, with 78.4% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Grand Island, FL is black, making up 7.5% of the population. Foreign-born residents account for 6.7% of the population in Grand Island, FL, and this percentage has increased by 9.8% 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 | 78.4% | -9.8% |
% Black | 7.5% | 92.3% |
% Hispanic | 3.3% | -52.9% |
% Asian | 3.6% | 500.0% |
% Foreign Born | 6.7% | 9.8% |
Mortgage and Risk — Grand Island, FL
According to HUD data as of 2023, there were 113 mortgage originations in Grand Island, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Grand Island, FL. Investor activity is low, as 2.0% 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 | 113 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Grand Island, FL
Grand Island, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,760 |
| 2 Bedroom | $530 | $1,470 | $2,000 |
| 3 Bedroom | $1,060 | $1,480 | $2,540 |
| 4 Bedroom | $1,020 | $2,000 | $3,020 |
Affordability — Grand Island, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $324,000 |
| Median Household Income | $68,500 |