The Hammocks, FL—33196
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — The Hammocks, FL
As of Oct '25, the median home price in The Hammocks, FL is $571,000, with a year-over-year change of -2.7%. This indicates that home prices in The Hammocks, 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 | $571,000 | -2.7% |
| Single Family | $622,000 | -3.0% |
| Condos | $282,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $224,000 | -5.9% |
2 Bed | $292,000 | -6.1% |
3 Bed | $529,000 | -3.3% |
4 Bed | $698,000 | -2.6% |
| 5 Bed | $798,000 | -2.4% |
% of Housing Stock
Rental Trends — The Hammocks, FL
As of July '25, Rentcast reports the average rent in The Hammocks, FL is $2,920, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in The Hammocks, FL is studios: $1,580, 1-bedrooms: $1,820, 2-bedrooms: $2,390, 3-bedrooms: $3,230, 4-bedrooms: $3,980. The most common rental property sizes in The Hammocks, FL are 2-bedroom and 3-bedroom, accounting for 40.4% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,920 |
| Studio Rent | $1,600 | $1,580 |
| 1 Bed Rent | $1,850 | $1,820 |
| 2 Bed Rent | $2,380 | $2,390 |
| 3 Bed Rent | $3,200 | $3,230 |
| 4 Bed Rent | $3,750 | $3,980 |
% of Rental Stock
Property Listings — The Hammocks, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in The Hammocks, FL is 71. This is a increase of 63.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $610,000 | -10.0% |
Listing Count | 236 | 43.0% |
| Listings as % of Homes | 0.9% | 43.0% |
Days on Market | 71 | 63.0% |
Demographics — The Hammocks, FL
As of the latest ACS Survey released in 2023, The Hammocks, FL has a population of 53,800, which has increased by 4.0% over the past 5 years. The Hammocks, FL is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 38.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,800 | 4.0% |
% Under 18 | 21.8% | 0.0% |
% Seniors | 14.1% | 16.5% |
% WFH | 9.8% | 188.2% |
% w/ College Degree | 38.4% | 9.4% |
As of the latest ACS Survey released in 2023, The Hammocks, FL is a predominantly hispanic area, with 80.6% of the population identifying as hispanic. The hispanic population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in The Hammocks, FL is white, making up 9.7% of the population. Foreign-born residents account for 53.4% of the population in The Hammocks, FL, and this percentage has increased by 1.1% 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 | 9.7% | -25.4% |
% Black | 4.8% | 14.3% |
% Hispanic | 80.6% | 1.9% |
% Asian | 2.8% | -6.7% |
% Foreign Born | 53.4% | 1.1% |
Mortgage and Risk — The Hammocks, FL
According to HUD data as of 2023, there were 568 mortgage originations in The Hammocks, FL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in The Hammocks, FL. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 568 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — The Hammocks, FL
As of 2024, the percent of homes in The Hammocks, FL under the Section 8 program is 1.2%. 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 The Hammocks, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,850 | $2,410 |
| 2 Bedroom | $580 | $2,380 | $2,960 |
| 3 Bedroom | $620 | $3,200 | $3,820 |
| 4 Bedroom | $730 | $3,750 | $4,480 |
Affordability — The Hammocks, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $571,000 |
| Median Household Income | $93,400 |