Sebastian, FL—32958
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sebastian, FL
As of Oct '25, the median home price in Sebastian, FL is $340,000, with a year-over-year change of -4.5%. This indicates that home prices in Sebastian, 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 | $340,000 | -4.5% |
| Single Family | $345,000 | -4.2% |
| Condos | $237,000 | -9.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | -6.7% |
3 Bed | $353,000 | -4.3% |
4 Bed | $389,000 | -3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sebastian, FL
As of July '25, Rentcast reports the average rent in Sebastian, FL is $2,460, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Sebastian, FL is 1-bedrooms: $1,420, 2-bedrooms: $2,100, 3-bedrooms: $2,720, 4-bedrooms: $2,590. The most common rental property sizes in Sebastian, FL are 3-bedroom and 2-bedroom, accounting for 47.8% and 37.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,420 |
| 2 Bed Rent | $1,900 | $2,100 |
| 3 Bed Rent | $2,350 | $2,720 |
| 4 Bed Rent | $2,400 | $2,590 |
% of Rental Stock
Property Listings — Sebastian, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sebastian, FL is 78. This is a increase of 12.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $379,000 | -4.0% |
Listing Count | 269 | -7.0% |
| Listings as % of Homes | 1.3% | -7.0% |
Days on Market | 78 | 12.0% |
Demographics — Sebastian, FL
As of the latest ACS Survey released in 2023, Sebastian, FL has a population of 29,600, which has increased by 7.1% over the past 5 years. Sebastian, FL is a less popular place for families, as children make up 11.8% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,600 | 7.1% |
% Under 18 | 11.8% | -22.9% |
% Seniors | 38.0% | 9.2% |
% WFH | 10.5% | 69.4% |
% w/ College Degree | 29.0% | 33.0% |
As of the latest ACS Survey released in 2023, Sebastian, FL is a predominantly white area, with 85.6% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Sebastian, FL is hispanic, making up 8.5% of the population. Foreign-born residents account for 7.1% of the population in Sebastian, FL, and this percentage has increased by 34.0% 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 | 85.6% | 0.4% |
% Black | 1.7% | -72.1% |
% Hispanic | 8.5% | 32.8% |
% Asian | 1.3% | 333.3% |
% Foreign Born | 7.1% | 34.0% |
Mortgage and Risk — Sebastian, FL
According to HUD data as of 2023, there were 761 mortgage originations in Sebastian, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Sebastian, FL. Investor activity is low, as 1.0% 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 | 761 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sebastian, FL
As of 2024, the percent of homes in Sebastian, FL under the Section 8 program is 2.8%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sebastian, FL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 55 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,600 | $1,380 |
| 2 Bedroom | -$170 | $1,900 | $1,730 |
| 3 Bedroom | -$200 | $2,350 | $2,150 |
| 4 Bedroom | $470 | $2,400 | $2,870 |
Affordability — Sebastian, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $340,000 |
| Median Household Income | $68,300 |