Longboat Key, FL—34228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Longboat Key, FL
As of Oct '25, the median home price in Longboat Key, FL is $961,000, with a year-over-year change of -11.4%. This indicates that home prices in Longboat Key, 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 | $961,000 | -11.4% |
| Single Family | $1,375,000 | -12.2% |
| Condos | $855,000 | -11.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $408,000 | -12.8% |
2 Bed | $714,000 | -12.8% |
3 Bed | $1,603,000 | -10.4% |
4 Bed | $2,907,000 | -9.1% |
| 5 Bed | $5,029,000 | -7.8% |
% of Housing Stock
Rental Trends — Longboat Key, FL
As of July '25, Rentcast reports the average rent in Longboat Key, FL is $6,650, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Longboat Key, FL is 1-bedrooms: $3,850, 2-bedrooms: $6,660, 3-bedrooms: $7,560, 4-bedrooms: $9,000. The most common rental property sizes in Longboat Key, FL are 2-bedroom and 3-bedroom, accounting for 49.8% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,900 | $6,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,800 | $3,850 |
| 2 Bed Rent | $6,500 | $6,660 |
| 3 Bed Rent | $8,000 | $7,560 |
| 4 Bed Rent | $9,000 | $9,000 |
% of Rental Stock
Property Listings — Longboat Key, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Longboat Key, FL is 101. This is a increase of 3.0% 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 | $1,280,000 | -3.0% |
Listing Count | 281 | 47.0% |
| Listings as % of Homes | 1.9% | 47.0% |
Days on Market | 101 | 3.0% |
Demographics — Longboat Key, FL
As of the latest ACS Survey released in 2023, Longboat Key, FL has a population of 7,510, which has increased by 3.9% over the past 5 years. Longboat Key, FL is a less popular place for families, as children make up 1.1% of the population. The area has a highly educated workforce, with 68.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 43.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,510 | 3.9% |
% Under 18 | 1.1% | -35.3% |
% Seniors | 67.0% | -2.8% |
% WFH | 43.2% | 44.0% |
% w/ College Degree | 68.9% | 5.7% |
As of the latest ACS Survey released in 2023, Longboat Key, FL is a predominantly white area, with 93.4% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Longboat Key, FL is hispanic, making up 4.5% of the population. Foreign-born residents account for 13.8% of the population in Longboat Key, FL, and this percentage has decreased by 14.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.4% | -1.9% |
% Black | 0.3% | ∞% |
% Hispanic | 4.5% | 104.5% |
% Asian | 1.1% | -35.3% |
% Foreign Born | 13.8% | -14.8% |
Mortgage and Risk — Longboat Key, FL
According to HUD data as of 2023, there were 208 mortgage originations in Longboat Key, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Longboat Key, FL. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 208 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 47.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Longboat Key, FL
Longboat Key, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$430 | $2,800 | $2,370 |
| 2 Bedroom | -$3,730 | $6,500 | $2,770 |
| 3 Bedroom | -$4,360 | $8,000 | $3,640 |
| 4 Bedroom | -$4,640 | $9,000 | $4,360 |
Affordability — Longboat Key, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $961,000 |
| Median Household Income | $143,000 |