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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Longboat Key, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Longboat Key, FL Housing Market Trends

With 7,574 people, 4,171 houses or apartments, and a median cost of homes of $1,310,061, Longboat Key house prices are not only among the most expensive in Florida, Longboat Key real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Longboat Key, accounting for 64.74% of the town's housing units. Other types of housing that are prevalent in Longboat Key include single-family detached homes ( 23.20%), row houses and other attached homes ( 4.56%), and a few mobile homes or trailers ( 4.11%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Dwellings in Longboat Key tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 63.02% of the homes in Longboat Key have two or fewer bedrooms.

There is a lot of housing in Longboat Key built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Longboat Key built between 1940-1969 ( 15.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.22%).

A decent proportion of the Longboat Key housing stock is seasonally occupied. That is, homes and condos in Longboat Key are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Longboat Key housing market speaks to its popularity as a vacation location of choice.

Longboat Key Home Appreciation Rates

In the last 10 years, Longboat Key has experienced some of the highest home appreciation rates of any community in the nation. Longboat Key real estate appreciated 178.31% over the last ten years, which is an average annual home appreciation rate of 10.78%, putting Longboat Key in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Longboat Key definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Longboat Key appreciation rates have trailed the rest of the nation. In the last twelve months, Longboat Key's appreciation rate has been 3.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Longboat Key were at 0.90%, which equates to an annual appreciation rate of 3.63%.

Relative to Florida, our data show that Longboat Key's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$1,310,061

Longboat Key, FL Home Prices
> $1,445,000
$1,084,001 - $1,445,000
$722,001 - $1,084,000
$578,001 - $722,000
$433,001 - $578,000
$289,001 - $433,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
44.8%
44.8%
14.6%
14.6%
21.5%
21.5%
6.3%
6.3%
4.8%
4.8%
2.8%
2.8%
3.1%
3.1%
1.1%
1.1%
1.1%
1.1%
0% 100.0%
% of Homes
Very High

for Florida

Very High

for nation

Number of Homes And Apartments:

4,171

Longboat Key Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,731 / per month

Homeownership Rate

Owners
Renters
93.7%
93.7%
6.3%
6.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
57.0%
57.0%
43.0%
43.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.2%
6.2%
78.6%
78.6%
15.1%
15.1%
0.1%
0.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
23.2%
23.2%
4.6%
4.6%
3.4%
3.4%
64.7%
64.7%
4.1%
4.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
6.1%
6.1%
55.5%
55.5%
31.2%
31.2%
4.2%
4.2%
1.6%
1.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Longboat Key

Zip Codes in Longboat Key, FL