Pelican Bay, Naples, FL—34108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelican Bay, Naples, FL
As of Oct '25, the median home price in Pelican Bay, Naples, FL is $998,000, with a year-over-year change of -10.4%. This indicates that home prices in Pelican Bay, Naples, FL are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $998,000 | -10.4% |
| Single Family | $1,155,000 | -12.5% |
| Condos | $961,000 | -9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $742,000 | -11.0% |
3 Bed | $1,178,000 | -9.9% |
4 Bed | $3,035,000 | -5.7% |
| 5 Bed | $5,552,000 | -5.3% |
% of Housing Stock
Rental Trends — Pelican Bay, Naples, FL
As of July '25, Rentcast reports the average rent in Pelican Bay, Naples, FL is $5,860, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Pelican Bay, Naples, FL is studios: $2,000, 1-bedrooms: $4,170, 2-bedrooms: $5,890, 3-bedrooms: $6,420, 4-bedrooms: $4,770. The most common rental property sizes in Pelican Bay, Naples, FL are 2-bedroom and 3-bedroom, accounting for 45.9% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,900 | $5,860 |
| Studio Rent | $1,800 | $2,000 |
| 1 Bed Rent | $3,000 | $4,170 |
| 2 Bed Rent | $6,000 | $5,890 |
| 3 Bed Rent | $6,750 | $6,420 |
| 4 Bed Rent | $4,000 | $4,770 |
% of Rental Stock
Property Listings — Pelican Bay, Naples, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelican Bay, Naples, FL is 104. This is a increase of 7.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,320,000 | -9.0% |
Listing Count | 482 | 12.0% |
| Listings as % of Homes | 2.1% | 12.0% |
Days on Market | 104 | 7.0% |
Demographics — Pelican Bay, Naples, FL
As of the latest ACS Survey released in 2023, Pelican Bay, Naples, FL has a population of 16,500, which has remained stable by -0.5% over the past 5 years. Pelican Bay, Naples, FL is a less popular place for families, as children make up 7.1% of the population. The area has a highly educated workforce, with 61.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,500 | -0.5% |
% Under 18 | 7.1% | -20.2% |
% Seniors | 55.9% | 13.4% |
% WFH | 23.8% | 61.9% |
% w/ College Degree | 61.8% | 16.8% |
As of the latest ACS Survey released in 2023, Pelican Bay, Naples, FL is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Pelican Bay, Naples, FL is hispanic, making up 8.5% of the population. Foreign-born residents account for 16.3% of the population in Pelican Bay, Naples, FL, and this percentage has increased by 3.2% 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 | 87.0% | -1.1% |
% Black | 1.3% | 44.4% |
% Hispanic | 8.5% | -6.6% |
% Asian | 1.5% | 15.4% |
% Foreign Born | 16.3% | 3.2% |
Mortgage and Risk — Pelican Bay, Naples, FL
According to HUD data as of 2023, there were 301 mortgage originations in Pelican Bay, Naples, FL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Pelican Bay, Naples, FL. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 301 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 7.0% |
% Second Loans | 37.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pelican Bay, Naples, FL
As of 2024, the percent of homes in Pelican Bay, Naples, FL under the Section 8 program is 0.2%. 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 Pelican Bay, Naples, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,180 | $3,000 | $1,820 |
| 2 Bedroom | -$3,880 | $6,000 | $2,120 |
| 3 Bedroom | -$3,950 | $6,750 | $2,800 |
| 4 Bedroom | -$970 | $4,000 | $3,030 |
Affordability — Pelican Bay, Naples, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.2 |
| Median Home Price | $998,000 |
| Median Household Income | $120,000 |