Housing in 34228 Longboat Key, FL is extremely expensive compared to the national average. The median value of a house in this area is $1,093,400, more than three times the US median of $338,100. This suggests that housing in 34228 Longboat Key has seen significant appreciation over the past year with an appreciation rate of 23.37%, far higher than the national average of 8.27%. It is clear that this area is a desirable place to live and invest in real estate due to the remarkable increase in value over such a short period of time.
The median home cost in Longboat Key (zip 34228) is $1,093,400. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Longboat Key (zip 34228) is up 31.2%.
Average Age of Homes
- The median age of Longboat Key (zip 34228) real estate is 38 years old
The Rental Market in Longboat Key (zip 34228)
- Renters make up 3.8% of the Longboat Key (zip 34228) population
- 5.3% of houses and apartments in Longboat Key (zip 34228), 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.