Sebastian, FL 32958 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sebastian, FL—32958

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$348,000

2.0% YoY Growth

Household Income

$68,300

34.5% YoY Growth

Days on Market

8.0% Longer YoY

Home Price Forecast

-0.4%

Median Rent

$2,300

0.8% YoY Growth

1-Bed Rent

$1,600

6.0% YoY Growth

2-Bed Rent

$1,900

1.9% YoY Growth

3-Bed Rent

$2,350

3.2% YoY Growth

Home Price Trends — Sebastian, FL

As of May '26, the median home price in Sebastian, FL is $348,000, with a year-over-year change of -2.0%. This indicates that home prices in Sebastian, 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	$348,000	-2.0%
Single Family	$353,000	-1.4%
Condos	$234,000	-9.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.4%

1 Bedroom

6.6%

2 Bedrooms

37.2%

3 Bedrooms

47.8%

4 Bedrooms

6.1%

5+ Bedrooms

0.8%

Property Listings — Sebastian, FL

As of May '26, Realtor.com reports that the median days on market for a home in Sebastian, FL is 73. This is a increase of 8.0% 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 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	$385,000	5.0%
Listing Count	292	-15.0%
Listings as % of Homes	1.3%	-15.0%
Days on Market	73	8.0%

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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%

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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%

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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%

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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

Sebastian, FL—32958

Key Metrics at a Glance

Home Price Trends — Sebastian, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sebastian, FL

% of Rental Stock

Property Listings — Sebastian, FL

Demographics — Sebastian, FL

Race and Ethnicity

Mortgage and Risk — Sebastian, FL

Mortgages

Rentals and Section 8 — Sebastian, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sebastian, FL

Home Price to Income Ratio

Sebastian, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Wabasso

Micco, FL

Vero Beach, FL

Indian River Shores, FL

Fellsmere, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$348,000
Median Household Income	$68,300

Sebastian, FL—32958

Key Metrics at a Glance

Home Price Trends — Sebastian, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sebastian, FL

% of Rental Stock

Property Listings — Sebastian, FL

Demographics — Sebastian, FL

Race and Ethnicity

Mortgage and Risk — Sebastian, FL

Mortgages

Rentals and Section 8 — Sebastian, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sebastian, FL

Home Price to Income Ratio

Sebastian, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Wabasso

Micco, FL

Vero Beach, FL

Indian River Shores, FL

Fellsmere, FL

Frequently Asked Questions

What is the average home price in Sebastian, FL 32958?

How have home prices in Sebastian, FL 32958 changed over the past year?

What is the home price projection for Sebastian, FL 32958?

What are the demographics of Sebastian, FL 32958?

How long does it take homes to sell in Sebastian, FL 32958?

What is the average rent price in Sebastian, FL 32958?