West Little River, FL—33147
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Little River, FL
As of Oct '25, the median home price in West Little River, FL is $431,000, with a year-over-year change of -2.6%. This indicates that home prices in West Little River, FL are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $431,000 | -2.7% |
| Single Family | $432,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $357,000 | -1.4% |
2 Bed | $376,000 | -4.3% |
3 Bed | $444,000 | -2.8% |
4 Bed | $503,000 | -2.5% |
| 5 Bed | $573,000 | -1.9% |
% of Housing Stock
Rental Trends — West Little River, FL
As of July '25, Rentcast reports the average rent in West Little River, FL is $2,440, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in West Little River, FL is studios: $1,320, 1-bedrooms: $1,460, 2-bedrooms: $2,250, 3-bedrooms: $3,050, 4-bedrooms: $3,590. The most common rental property sizes in West Little River, FL are 2-bedroom and 1-bedroom, accounting for 40.8% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,440 |
| Studio Rent | $1,200 | $1,320 |
| 1 Bed Rent | $1,500 | $1,460 |
| 2 Bed Rent | $2,300 | $2,250 |
| 3 Bed Rent | $3,000 | $3,050 |
| 4 Bed Rent | $3,500 | $3,590 |
% of Rental Stock
Property Listings — West Little River, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in West Little River, FL is 50. This is a increase of 6.0% 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 | $482,000 | -5.0% |
Listing Count | 177 | 31.0% |
| Listings as % of Homes | 0.8% | 31.0% |
Days on Market | 50 | 6.0% |
Demographics — West Little River, FL
As of the latest ACS Survey released in 2023, West Little River, FL has a population of 47,200, which has decreased by -1.3% over the past 5 years. West Little River, FL is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,200 | -1.3% |
% Under 18 | 22.3% | -9.3% |
% Seniors | 15.6% | 10.6% |
% WFH | 6.0% | 275.0% |
% w/ College Degree | 15.0% | 38.9% |
As of the latest ACS Survey released in 2023, West Little River, FL is a predominantly hispanic area, with 51.8% of the population identifying as hispanic. The hispanic population has grown by 28.9% in the last 5 years. The second most common race or ethnicity in West Little River, FL is black, making up 49.6% of the population. Foreign-born residents account for 38.7% of the population in West Little River, FL, and this percentage has increased by 23.2% 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 | 1.0% | -60.0% |
% Black | 49.6% | -16.8% |
% Hispanic | 51.8% | 28.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 38.7% | 23.2% |
Mortgage and Risk — West Little River, FL
According to HUD data as of 2023, there were 348 mortgage originations in West Little River, FL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in West Little River, FL. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 348 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — West Little River, FL
As of 2024, the percent of homes in West Little River, FL under the Section 8 program is 24.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in West Little River, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,522 |
Total Units Section 8 | 1,749 |
% Rentals under Section 8 | 24.6% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,500 | $1,700 |
| 2 Bedroom | -$200 | $2,300 | $2,100 |
| 3 Bedroom | -$270 | $3,000 | $2,730 |
| 4 Bedroom | -$260 | $3,500 | $3,240 |
Affordability — West Little River, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $431,000 |
| Median Household Income | $47,700 |