Longboat Key, FL is a prime location for real estate investment and homeownership. The median housing value in the area is $1,061,600, which is more than three times the US median housing value of $338,100. This makes it an attractive option for those looking to invest or purchase a home in this area. Additionally, house appreciation over the past year has been much higher than the national average of 8.27%, with houses in Longboat Key appreciating by 23.37%. This trend points toward Longboat Key's continued growth as a desirable living destination in Florida.
The median home cost in Longboat Key is $1,061,600. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Longboat Key is up 31.2%.
Average Age of Homes
- The median age of Longboat Key real estate is 38 years old
The Rental Market in Longboat Key
- Renters make up 3.8% of the Longboat Key population
- 5.3% of houses and apartments in Longboat Key, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.