Foreclosure Homes in Longboat Key, FL 34228

Current Market Conditions in Longboat Key, FL

The Longboat Key real estate market remains robust, with strong demand for waterfront properties driving prices upward. The interest in vacation homes and luxury properties has surged as remote work continues to provide buyers with the flexibility to live in desirable areas like Longboat Key, leading to shorter market times and increasing values.

Investors are noting that properties on the island maintain a stable appreciation rate, making them attractive for both primary residences and rental investments, particularly for seasonal rentals that tap into the area's tourism.

Rent Prices In Longboat Key, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Longboat Key, FL, is on a rollercoaster ride. The average rent price in Longboat Key, FL, is $3,281.00. Indeed, when looking to rent in Longboat Key, FL, you can expect to pay as little as $1,020.00 or as much as $5,900.00, with the average rent median estimated to be $3,200.00. The good news is that finding an affordable and desirable property to rent in Longboat Key, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.