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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.



Marco Island, 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

Marco Island, FL Housing Market Trends

With 16,172 people, 8,276 houses or apartments, and a median cost of homes of $1,230,190, Marco Island house prices are not only among the most expensive in Florida, Marco Island 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 Marco Island, accounting for 55.27% of the city's housing units. Other types of housing that are prevalent in Marco Island include single-family detached homes ( 40.12%), duplexes, homes converted to apartments or other small apartment buildings ( 3.23%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Dwellings in Marco Island tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.40% of the homes in Marco Island have two or fewer bedrooms.

There is a lot of housing in Marco Island 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 Marco Island built between 2000 and later ( 18.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.59%).

A decent proportion of the Marco Island housing stock is seasonally occupied. That is, homes and condos in Marco Island 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 Marco Island housing market speaks to its popularity as a vacation location of choice.

Marco Island Home Appreciation Rates

In the last 10 years, Marco Island has experienced some of the highest home appreciation rates of any community in the nation. Marco Island real estate appreciated 145.58% over the last ten years, which is an average annual home appreciation rate of 9.40%, putting Marco Island in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marco Island 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, Marco Island appreciation rates have trailed the rest of the nation. In the last twelve months, Marco Island's appreciation rate has been 4.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marco Island were at -3.78%, which equates to an annual appreciation rate of -14.27%.

Notably, Marco Island's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Marco Island's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marco Island differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marco Island - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Marco Island real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,230,190

Marco Island, FL Home Prices
> $1,514,000
$1,135,001 - $1,514,000
$757,001 - $1,135,000
$606,001 - $757,000
$455,001 - $606,000
$303,001 - $455,000
$152,001 - $303,000
$76,001 - $152,000
$0 - $76,000
37.7%
37.7%
16.1%
16.1%
21.7%
21.7%
5.8%
5.8%
9.8%
9.8%
4.7%
4.7%
1.2%
1.2%
0.9%
0.9%
2.0%
2.0%
0% 100.0%
% of Homes
Very High

for Florida

Very High

for nation

Number of Homes And Apartments:

8,276

Marco Island Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,800 / per month

Homeownership Rate

Owners
Renters
90.4%
90.4%
9.6%
9.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
54.4%
54.4%
45.6%
45.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.3%
18.3%
77.1%
77.1%
4.6%
4.6%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
40.1%
40.1%
0.9%
0.9%
3.2%
3.2%
55.3%
55.3%
0.5%
0.5%
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
0.7%
0.7%
7.0%
7.0%
42.7%
42.7%
36.0%
36.0%
11.2%
11.2%
2.4%
2.4%
0% 100.0%
% of Homes

Popular Communities Near Marco Island, FL

Zip Codes in Marco Island, FL