Fellsmere, FL—32948
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fellsmere, FL
As of Oct '25, the median home price in Fellsmere, FL is $320,000, with a year-over-year change of -2.7%. This indicates that home prices in Fellsmere, FL are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $320,000 | -2.7% |
| Single Family | $322,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | -3.4% |
3 Bed | $369,000 | -1.6% |
4 Bed | $637,000 | -0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fellsmere, FL
Fellsmere, 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 — Fellsmere, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fellsmere, FL is 117. This is a increase of 11.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $745,000 | 4.0% |
Listing Count | 21 | 37.0% |
| Listings as % of Homes | 0.8% | 37.0% |
Days on Market | 117 | 11.0% |
Demographics — Fellsmere, FL
As of the latest ACS Survey released in 2023, Fellsmere, FL has a population of 6,800, which has decreased by -14.0% over the past 5 years. Fellsmere, FL is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,800 | -14.0% |
% Under 18 | 24.1% | -17.5% |
% Seniors | 11.6% | 23.4% |
% WFH | 4.0% | -52.4% |
% w/ College Degree | 12.4% | -5.3% |
As of the latest ACS Survey released in 2023, Fellsmere, FL is a predominantly hispanic area, with 63.7% of the population identifying as hispanic. The hispanic population has grown by 3.2% in the last 5 years. The second most common race or ethnicity in Fellsmere, FL is white, making up 29.2% of the population. Foreign-born residents account for 26.6% of the population in Fellsmere, FL, and this percentage has increased by 15.2% 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 | 29.2% | -6.7% |
% Black | 7.0% | 4.5% |
% Hispanic | 63.7% | 3.2% |
% Asian | 0.7% | ∞% |
% Foreign Born | 26.6% | 15.2% |
Mortgage and Risk — Fellsmere, FL
According to HUD data as of 2023, there were 86 mortgage originations in Fellsmere, FL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Fellsmere, FL. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 86 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Fellsmere, FL
Fellsmere, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | N/A | N/A | $1,520 |
| 4 Bedroom | N/A | N/A | $2,030 |
Affordability — Fellsmere, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $320,000 |
| Median Household Income | $60,100 |