Pine Hills, FL—32808
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pine Hills, FL
As of Oct '25, the median home price in Pine Hills, FL is $259,000, with a year-over-year change of -6.9%. This indicates that home prices in Pine Hills, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | -6.9% |
| Single Family | $268,000 | -7.3% |
| Condos | $158,000 | -12.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | -8.6% |
3 Bed | $262,000 | -7.4% |
4 Bed | $300,000 | -6.2% |
| 5 Bed | $329,000 | -4.6% |
% of Housing Stock
Rental Trends — Pine Hills, FL
As of July '25, Rentcast reports the average rent in Pine Hills, FL is $1,800, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Pine Hills, FL is studios: $974, 1-bedrooms: $1,160, 2-bedrooms: $1,600, 3-bedrooms: $1,950, 4-bedrooms: $2,320. The most common rental property sizes in Pine Hills, FL are 2-bedroom and 3-bedroom, accounting for 37.7% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | $995 | $974 |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | $1,920 | $1,950 |
| 4 Bed Rent | $2,240 | $2,320 |
% of Rental Stock
Property Listings — Pine Hills, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pine Hills, FL is 87. This is a increase of 89.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | -7.0% |
Listing Count | 204 | 14.0% |
| Listings as % of Homes | 0.8% | 14.0% |
Days on Market | 87 | 89.0% |
Demographics — Pine Hills, FL
As of the latest ACS Survey released in 2023, Pine Hills, FL has a population of 61,100, which has increased by 6.4% over the past 5 years. Pine Hills, FL is a popular place for families, as children make up 29.3% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,100 | 6.4% |
% Under 18 | 29.3% | 6.9% |
% Seniors | 10.6% | 7.1% |
% WFH | 8.7% | 443.7% |
% w/ College Degree | 11.8% | -4.8% |
As of the latest ACS Survey released in 2023, Pine Hills, FL is a predominantly black area, with 72.8% of the population identifying as black. The black population has grown by 8.0% in the last 5 years. The second most common race or ethnicity in Pine Hills, FL is hispanic, making up 13.1% of the population. Foreign-born residents account for 25.3% of the population in Pine Hills, FL, and this percentage has increased by 12.9% 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 | 9.6% | -17.2% |
% Black | 72.8% | 8.0% |
% Hispanic | 13.1% | -22.0% |
% Asian | 1.6% | -23.8% |
% Foreign Born | 25.3% | 12.9% |
Mortgage and Risk — Pine Hills, FL
According to HUD data as of 2023, there were 649 mortgage originations in Pine Hills, FL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Pine Hills, FL. Investor activity is low, as 2.0% 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 | 649 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Pine Hills, FL
As of 2024, the percent of homes in Pine Hills, FL under the Section 8 program is 8.5%. 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 Pine Hills, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,148 |
Total Units Section 8 | 975 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,100 | $1,480 |
| 2 Bedroom | $80 | $1,600 | $1,680 |
| 3 Bedroom | $210 | $1,920 | $2,130 |
| 4 Bedroom | $330 | $2,240 | $2,570 |
Affordability — Pine Hills, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $259,000 |
| Median Household Income | $47,600 |