Myakka City, FL—34251
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Myakka City, FL
As of Oct '25, the median home price in Myakka City, FL is $643,000, with a year-over-year change of -2.9%. This indicates that home prices in Myakka City, FL are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $643,000 | -2.9% |
| Single Family | $643,000 | -3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $509,000 | -3.8% |
3 Bed | $639,000 | -3.5% |
4 Bed | $805,000 | -3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Myakka City, FL
As of July '25, Rentcast reports the average rent in Myakka City, FL is $2,990, with a year-over-year rent change of 17.3%. Per bedroom, the median rent as of July '25 in Myakka City, FL is 1-bedrooms: $1,670, 3-bedrooms: $3,700, 4-bedrooms: $3,500. The most common rental property sizes in Myakka City, FL are 3-bedroom and 1-bedroom, accounting for 65.5% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,670 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,200 | $3,700 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Myakka City, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Myakka City, FL is 141. This is a increase of 40.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,290,000 | 53.0% |
Listing Count | 32 | -3.0% |
| Listings as % of Homes | 1.1% | -3.0% |
Days on Market | 141 | 40.0% |
Demographics — Myakka City, FL
As of the latest ACS Survey released in 2023, Myakka City, FL has a population of 6,440, which has increased by 8.7% over the past 5 years. Myakka City, FL is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,440 | 8.7% |
% Under 18 | 22.2% | 19.4% |
% Seniors | 14.1% | 0.7% |
% WFH | 15.5% | 86.7% |
% w/ College Degree | 19.8% | -0.5% |
As of the latest ACS Survey released in 2023, Myakka City, FL is a predominantly white area, with 85.8% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Myakka City, FL is hispanic, making up 9.4% of the population. Foreign-born residents account for 5.2% of the population in Myakka City, FL, and this percentage has decreased by 50.5% 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 | 85.8% | 3.4% |
% Black | 1.1% | 57.1% |
% Hispanic | 9.4% | -24.2% |
% Asian | 0.5% | -82.1% |
% Foreign Born | 5.2% | -50.5% |
Mortgage and Risk — Myakka City, FL
According to HUD data as of 2023, there were 79 mortgage originations in Myakka City, FL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Myakka City, FL. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Myakka City, FL
Myakka City, 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 | $350 | $1,500 | $1,850 |
| 2 Bedroom | N/A | N/A | $2,160 |
| 3 Bedroom | -$360 | $3,200 | $2,840 |
| 4 Bedroom | -$150 | $3,500 | $3,350 |
Affordability — Myakka City, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $643,000 |
| Median Household Income | $86,500 |