The Most Affordable Neighborhoods in Longboat Key, FL by Home Value

 

Longboat Key, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Longboat Key area can be challenging. Home prices in Longboat Key are now at a median cost of $711,544, higher than the Florida average of $278,762.

The average cost of rent is $2,327/mo in Longboat Key, primarily driven by the current value of real estate in the Longboat Key area. While nearly 71.69% of residents own their homes outright in Longboat Key, 6.36% rent.

Housing affordability isn’t just about home prices, though. The average household income in Longboat Key is $8,751 per month. Households that rent pay about 26.59% of their income on rent here. Longboat Key's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.


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