Pine Island, FL—34607
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pine Island, FL
As of Oct '25, the median home price in Pine Island, FL is $393,000, with a year-over-year change of -8.7%. This indicates that home prices in Pine Island, 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 | $393,000 | -8.7% |
| Single Family | $400,000 | -9.5% |
| Condos | $257,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $309,000 | -12.5% |
3 Bed | $417,000 | -9.0% |
4 Bed | $502,000 | -5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pine Island, FL
As of July '25, Rentcast reports the average rent in Pine Island, FL is $3,200, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Pine Island, FL is 2-bedrooms: $2,420, 3-bedrooms: $3,440, 4-bedrooms: $4,250. The most common rental property sizes in Pine Island, FL are 2-bedroom and 1-bedroom, accounting for 52.6% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,200 | $2,420 |
| 3 Bed Rent | $2,800 | $3,440 |
| 4 Bed Rent | $3,300 | $4,250 |
% of Rental Stock
Property Listings — Pine Island, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pine Island, FL is 101. This is a decrease of -6.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $530,000 | -10.0% |
Listing Count | 159 | 28.0% |
| Listings as % of Homes | 1.9% | 28.0% |
Days on Market | 101 | -6.0% |
Demographics — Pine Island, FL
As of the latest ACS Survey released in 2023, Pine Island, FL has a population of 9,050, which has increased by 3.1% over the past 5 years. Pine Island, FL is a moderately popular place for families, as children make up 15.9% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,050 | 3.1% |
% Under 18 | 15.9% | 43.2% |
% Seniors | 32.7% | -12.6% |
% WFH | 18.3% | 210.2% |
% w/ College Degree | 23.6% | 1.7% |
As of the latest ACS Survey released in 2023, Pine Island, FL is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Pine Island, FL is hispanic, making up 13.9% of the population. Foreign-born residents account for 4.1% of the population in Pine Island, FL, and this percentage has decreased by 52.9% 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 | 81.2% | -3.2% |
% Black | 2.0% | -54.5% |
% Hispanic | 13.9% | 71.6% |
% Asian | 0.4% | -42.9% |
% Foreign Born | 4.1% | -52.9% |
Mortgage and Risk — Pine Island, FL
According to HUD data as of 2023, there were 211 mortgage originations in Pine Island, FL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Pine Island, FL. Investor activity is low, as 2.0% 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 | 211 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pine Island, FL
Pine Island, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 55 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,540 |
| 2 Bedroom | -$390 | $2,200 | $1,810 |
| 3 Bedroom | -$480 | $2,800 | $2,320 |
| 4 Bedroom | -$480 | $3,300 | $2,820 |
Affordability — Pine Island, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $393,000 |
| Median Household Income | $61,200 |