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Longboat Key

Learn about the people, housing, costs and businesses in Longboat Key, Florida

Median Home$1,139,433
Median Rent$3,501/month
Population7,539
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare11% education
Home Value Growth⬆⬆⬆+26.5% over 2 years
Retirees70% of residentstop 1% nationally
Homeowners94% of occupied units
NotableHigh Incomes$161k/year · top 3% nationally
NotableHighly Educated34% bachelor's · 19% graduate · top 4% nationally
Longboat Key
FL

Frequently Asked Questions

What are today's mortgage rates in Longboat Key?

As of today, the 30-year fixed mortgage rate for Longboat Key is approximately 6.790% (6.822% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Longboat Key?

The median home value in Longboat Key is $1.1M. The median monthly rent is $3,501. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Longboat Key?

Home values in Longboat Key have increased 26.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Longboat Key?

Based on a typical all-in ownership cost of $3,039/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $130k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Longboat Key is $161k/year.

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What industries drive the economy in Longboat Key?

The largest employment sectors in Longboat Key are healthcare (28%) and arts, food, and hospitality (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.