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Affordable
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These days, finding an affordable place to live in the Summerland Key area can be challenging. Home prices in Summerland Key are now at a median cost of $842,748, higher than the Florida average of $396,783.
The average cost of rent is $2,217/mo in Summerland Key, primarily driven by the current value of real estate in the Summerland Key area. In Summerland Key, 17.07% of households rent, and 56.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summerland Key is $8,889 per month. Households that rent pay about 24.94% of their income on rent here. Summerland Key’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cudjoe Key, FL: higher priced homes
- Sugarloaf Shores, FL: equally priced homes
- Big Pine Key, FL: less expensive homes
- Rock Harbor, FL: less expensive homes
- Key West, FL: equally priced homes
- Marathon, FL: less expensive homes
- Key Colony Beach, FL: higher priced homes
- Long Key, FL: less expensive homes
- Layton, FL: less expensive homes
- Plantation Key, FL: higher priced homes
Cities with Similar Populations
- Pardeeville, WI: less expensive homes
- Perkins, OK: less expensive homes
- Perham, MN: less expensive homes
- Pepper Pike, OH: less expensive homes
- Peotone, IL: less expensive homes
- Penngrove, CA: higher priced homes
- Pembroke, GA: less expensive homes
- Pelican Rapids, MN: less expensive homes
- Pelham Manor, NY: higher priced homes
- Pearl Harbor, HI: less expensive homes
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