Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Sanibel area can be challenging. Home prices in Sanibel are now at a median cost of $693,650, higher than the Florida average of $278,762.
The average cost of rent is $1,546/mo in Sanibel, primarily driven by the current value of real estate in the Sanibel area. While nearly 58.37% of residents own their homes outright in Sanibel, 10.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sanibel is $9,305 per month. Households that rent pay about 16.61% of their income on rent here. Sanibel's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- St. James City, FL: less expensive homes
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- Whiskey Creek, FL: less expensive homes
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- Villas, FL: less expensive homes
- San Carlos Park, FL: less expensive homes
Cities with Similar Populations
- Kiel, WI: less expensive homes
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- Kings Point, NY: higher priced homes
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- Kildeer, IL: less expensive homes
- La Verkin, UT: less expensive homes
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