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Satellite Beach, FL—32937

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$501,000
1.8% YoY Growth
Household Income
$98,400
41.3% YoY Growth
Days on Market
61
1.0% Longer YoY
Home Price Forecast
-1.0%
Median Rent
$2,700
4.7% YoY Growth
1-Bed Rent
$1,700
6.6% YoY Growth
2-Bed Rent
$2,200
1.2% YoY Growth
3-Bed Rent
$3,200
4.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Satellite Beach, FL

As of May '26, the median home price in Satellite Beach, FL is $501,000, with a year-over-year change of -1.8%. This indicates that home prices in Satellite Beach, FL are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$501,000-1.8%
Single Family $515,000-0.8%
Condos $433,000-2.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$329,000-2.4%
    3 Bed
    		$498,000-1.0%
    4 Bed
    		$661,000-1.5%
    5 Bed $1,175,084-1.1%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    4.9%
    2 Bedrooms
    25.2%
    3 Bedrooms
    46.2%
    4 Bedrooms
    19.8%
    5+ Bedrooms
    2.8%

    Rental Trends — Satellite Beach, FL

    As of July '25, Rentcast reports the average rent in Satellite Beach, FL is $2,870, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Satellite Beach, FL is studios: $1,200, 1-bedrooms: $1,690, 2-bedrooms: $2,390, 3-bedrooms: $3,370, 4-bedrooms: $4,050. The most common rental property sizes in Satellite Beach, FL are 2-bedroom and 3-bedroom, accounting for 39.6% and 29.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,700$2,870
    Studio Rent $1,200$1,200
    1 Bed Rent $1,700$1,690
    2 Bed Rent $2,200$2,390
    3 Bed Rent $3,200$3,370
    4 Bed Rent $3,800$4,050
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    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    18.8%
    2 Bedrooms
    39.6%
    3 Bedrooms
    29.4%
    4 Bedrooms
    9.3%

    Property Listings — Satellite Beach, FL

    As of May '26, Realtor.com reports that the median days on market for a home in Satellite Beach, FL is 61. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$540,000-3.0%
    Listing Count
    		241-24.0%
    Listings as % of Homes1.2%-24.0%
    Days on Market
    		611.0%
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    Demographics — Satellite Beach, FL

    As of the latest ACS Survey released in 2023, Satellite Beach, FL has a population of 27,500, which has increased by 1.5% over the past 5 years. Satellite Beach, FL is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 52.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		27,5001.5%
    % Under 18
    		20.5%10.8%
    % Seniors
    		23.4%-4.1%
    % WFH
    		17.0%117.9%
    % w/ College Degree
    		52.6%14.6%
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    As of the latest ACS Survey released in 2023, Satellite Beach, FL is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Satellite Beach, FL is hispanic, making up 9.5% of the population. Foreign-born residents account for 4.4% of the population in Satellite Beach, FL, and this percentage has decreased by 32.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.4%-5.2%
    % Black
    		1.5%-44.4%
    % Hispanic
    		9.5%39.7%
    % Asian
    		1.7%54.5%
    % Foreign Born
    		4.4%-32.3%
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    Mortgage and Risk — Satellite Beach, FL

    According to HUD data as of 2023, there were 624 mortgage originations in Satellite Beach, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Satellite Beach, FL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		624
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Satellite Beach, FL

    As of 2024, the percent of homes in Satellite Beach, 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 Satellite Beach, 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
    		103
    Total Units Section 8
    		4
    % Rentals under Section 8
    		0.2%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$0$1,700$1,700
    2 Bedroom-$220$2,200$1,980
    3 Bedroom-$510$3,200$2,690
    4 Bedroom-$720$3,800$3,080

    Affordability — Satellite Beach, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$501,000
    Median Household Income$98,400

    Satellite Beach, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Melbourne, FL

    32935

    Lotus, FL

    32925

    Indialantic, FL

    32903

    Melbourne, FL

    32901

    Melbourne, FL

    32934

    Frequently Asked Questions