Siesta Key, FL—34242
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Siesta Key, FL
As of Oct '25, the median home price in Siesta Key, FL is $840,000, with a year-over-year change of -8.3%. This indicates that home prices in Siesta 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 | $840,000 | -8.3% |
| Single Family | $1,322,000 | -9.8% |
| Condos | $698,000 | -9.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $424,000 | -8.6% |
2 Bed | $689,000 | -9.3% |
3 Bed | $1,372,000 | -8.8% |
4 Bed | $2,175,000 | -9.3% |
| 5 Bed | $3,299,000 | -9.1% |
% of Housing Stock
Rental Trends — Siesta Key, FL
As of July '25, Rentcast reports the average rent in Siesta Key, FL is $5,860, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Siesta Key, FL is 1-bedrooms: $4,010, 2-bedrooms: $5,920, 3-bedrooms: $6,730, 4-bedrooms: $7,040. The most common rental property sizes in Siesta Key, FL are 2-bedroom and 4-bedroom, accounting for 36.7% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,000 | $5,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,250 | $4,010 |
| 2 Bed Rent | $6,000 | $5,920 |
| 3 Bed Rent | $6,550 | $6,730 |
| 4 Bed Rent | $7,000 | $7,040 |
% of Rental Stock
Property Listings — Siesta Key, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Siesta Key, FL is 116. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,140,000 | -2.0% |
Listing Count | 354 | 37.0% |
| Listings as % of Homes | 2.0% | 37.0% |
Days on Market | 116 | -7.0% |
Demographics — Siesta Key, FL
As of the latest ACS Survey released in 2023, Siesta Key, FL has a population of 7,670, which has remained stable by -0.4% over the past 5 years. Siesta Key, FL is a less popular place for families, as children make up 7.7% of the population. The area has a highly educated workforce, with 66.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,670 | -0.4% |
% Under 18 | 7.7% | -18.1% |
% Seniors | 50.3% | -0.2% |
% WFH | 31.8% | 51.4% |
% w/ College Degree | 66.5% | 10.8% |
As of the latest ACS Survey released in 2023, Siesta Key, FL is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Siesta Key, FL is hispanic, making up 3.1% of the population. Foreign-born residents account for 13.0% of the population in Siesta Key, FL, and this percentage has increased by 7.4% 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 | 92.5% | -3.8% |
% Black | 0.1% | ∞% |
% Hispanic | 3.1% | 121.4% |
% Asian | 2.2% | 83.3% |
% Foreign Born | 13.0% | 7.4% |
Mortgage and Risk — Siesta Key, FL
According to HUD data as of 2023, there were 202 mortgage originations in Siesta Key, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Siesta Key, FL. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 202 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 7.0% |
% Second Loans | 42.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Siesta Key, FL
As of 2024, the percent of homes in Siesta Key, 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 Siesta Key, 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 | 1 |
Total Units Section 8 | 1 |
% 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 | -$960 | $3,250 | $2,290 |
| 2 Bedroom | -$3,330 | $6,000 | $2,670 |
| 3 Bedroom | -$3,040 | $6,550 | $3,510 |
| 4 Bedroom | -$2,800 | $7,000 | $4,200 |
Affordability — Siesta Key, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $840,000 |
| Median Household Income | $122,000 |