Satellite Beach, FL—32937
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Satellite Beach, FL
As of Oct '25, the median home price in Satellite Beach, FL is $489,000, with a year-over-year change of -5.1%. This indicates that home prices in Satellite Beach, 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 | $489,000 | -5.1% |
| Single Family | $500,000 | -4.9% |
| Condos | $430,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $318,000 | -7.0% |
3 Bed | $484,000 | -4.9% |
4 Bed | $645,000 | -5.0% |
| 5 Bed | $1,170,000 | -5.6% |
% of Housing Stock
Rental Trends — Satellite Beach, FL
As of July '25, Rentcast reports the average rent in Satellite Beach, FL is $2,870, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Satellite Beach, FL is studios: $1,200, 1-bedrooms: $1,690, 2-bedrooms: $2,390, 3-bedrooms: $3,370, 4-bedrooms: $4,050. The most common rental property sizes in Satellite Beach, FL are 2-bedroom and 3-bedroom, accounting for 39.6% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,870 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,700 | $1,690 |
| 2 Bed Rent | $2,200 | $2,390 |
| 3 Bed Rent | $3,200 | $3,370 |
| 4 Bed Rent | $3,800 | $4,050 |
% of Rental Stock
Property Listings — Satellite Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Satellite Beach, FL is 76. 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $556,000 | 2.0% |
Listing Count | 257 | 0.0% |
| Listings as % of Homes | 1.2% | 0.0% |
Days on Market | 76 | -4.0% |
Demographics — Satellite Beach, FL
As of the latest ACS Survey released in 2023, Satellite Beach, FL has a population of 27,500, which has increased by 1.5% over the past 5 years. Satellite Beach, FL is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 52.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 1.5% |
% Under 18 | 20.5% | 10.8% |
% Seniors | 23.4% | -4.1% |
% WFH | 17.0% | 117.9% |
% w/ College Degree | 52.6% | 14.6% |
As of the latest ACS Survey released in 2023, Satellite Beach, FL is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Satellite Beach, FL is hispanic, making up 9.5% of the population. Foreign-born residents account for 4.4% of the population in Satellite Beach, FL, and this percentage has decreased by 32.3% 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% | -5.2% |
% Black | 1.5% | -44.4% |
% Hispanic | 9.5% | 39.7% |
% Asian | 1.7% | 54.5% |
% Foreign Born | 4.4% | -32.3% |
Mortgage and Risk — Satellite Beach, FL
According to HUD data as of 2023, there were 624 mortgage originations in Satellite Beach, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Satellite Beach, FL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 624 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Satellite Beach, FL
As of 2024, the percent of homes in Satellite Beach, FL under the Section 8 program is 0.2%. 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 Satellite Beach, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 103 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,700 | $1,700 |
| 2 Bedroom | -$220 | $2,200 | $1,980 |
| 3 Bedroom | -$510 | $3,200 | $2,690 |
| 4 Bedroom | -$720 | $3,800 | $3,080 |
Affordability — Satellite Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $489,000 |
| Median Household Income | $98,400 |