Wedgefield, FL—32833
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wedgefield, FL
Home Price Trends — Wedgefield, FL
As of Oct '25, the median home price in Wedgefield, FL is $506,000, with a year-over-year change of -2.3%. This indicates that home prices in Wedgefield, 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 | $506,000 | -2.3% |
| Single Family | $508,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $290,000 | -6.5% |
3 Bed | $400,000 | -5.2% |
4 Bed | $569,000 | -2.1% |
| 5 Bed | $786,000 | -1.1% |
% of Housing Stock
Rental Trends — Wedgefield, FL
As of July '25, Rentcast reports the average rent in Wedgefield, FL is $2,520, with a year-over-year rent change of 15.6%. Per bedroom, the median rent as of July '25 in Wedgefield, FL is 1-bedrooms: $874, 2-bedrooms: $1,780, 3-bedrooms: $2,080, 4-bedrooms: $2,900. The most common rental property sizes in Wedgefield, FL are 3-bedroom and 2-bedroom, accounting for 45.0% and 41.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,240 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $874 | $874 |
| 2 Bed Rent | $1,780 | $1,780 |
| 3 Bed Rent | $2,150 | $2,080 |
| 4 Bed Rent | $2,700 | $2,900 |
% of Rental Stock
Property Listings — Wedgefield, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wedgefield, FL is 70. This is a increase of 5.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $730,000 | 8.0% |
Listing Count | 75 | 27.0% |
| Listings as % of Homes | 1.4% | 27.0% |
Days on Market | 70 | 5.0% |
Demographics — Wedgefield, FL
As of the latest ACS Survey released in 2023, Wedgefield, FL has a population of 10,900, which has increased by 12.6% over the past 5 years. Wedgefield, FL is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 12.6% |
% Under 18 | 21.7% | -8.4% |
% Seniors | 16.7% | 54.6% |
% WFH | 17.3% | 174.6% |
% w/ College Degree | 32.0% | 13.1% |
As of the latest ACS Survey released in 2023, Wedgefield, FL is a predominantly white area, with 51.1% of the population identifying as white. The white population has shrunk by 21.9% in the last 5 years. The second most common race or ethnicity in Wedgefield, FL is hispanic, making up 26.5% of the population. Foreign-born residents account for 14.7% of the population in Wedgefield, FL, and this percentage has increased by 3.5% 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 | 51.1% | -21.9% |
% Black | 11.0% | 59.4% |
% Hispanic | 26.5% | 31.2% |
% Asian | 5.8% | 81.2% |
% Foreign Born | 14.7% | 3.5% |
Mortgage and Risk — Wedgefield, FL
According to HUD data as of 2023, there were 294 mortgage originations in Wedgefield, FL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Wedgefield, FL. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 294 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Wedgefield, FL
As of 2024, the percent of homes in Wedgefield, FL under the Section 8 program is 0.3%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Wedgefield, FL, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $636 | $874 | $1,510 |
| 2 Bedroom | -$70 | $1,780 | $1,710 |
| 3 Bedroom | $20 | $2,150 | $2,170 |
| 4 Bedroom | -$110 | $2,700 | $2,590 |
Affordability — Wedgefield, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $506,000 |
| Median Household Income | $91,300 |