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Pelican Bay

Learn about the people, housing, costs and businesses in Pelican Bay, Florida

Median Home$1,400,845
Median Rent$3,342/month
Population6,231
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆+16.5% over 2 years
Retirees52% of residentstop 1% nationally
Homeowners94% of occupied units
NotableHigh Incomes$161k/year · top 3% nationally
NotableHighly Educated30% bachelor's · 15% graduate · top 9% nationally
Pelican Bay
FL

Frequently Asked Questions

What are today's mortgage rates in Pelican Bay?

As of today, the 30-year fixed mortgage rate for Pelican Bay is approximately 6.841% (6.875% 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 Pelican Bay?

The median home value in Pelican Bay is $1.4M. The median monthly rent is $3,342. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pelican Bay?

Home values in Pelican Bay have increased 16.5% 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 Pelican Bay?

Based on a typical all-in ownership cost of $2,948/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $126k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pelican Bay is $161k/year.

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What industries drive the economy in Pelican Bay?

The largest employment sectors in Pelican Bay are healthcare (18%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.