Market Overview
Home Prices in Longboat Key, FL
The median home value in Longboat Key, FL is $966,045 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.5% compared to a year ago and down 9.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Longboat Key are priced136% above average. Longboat Key is part of the North Port-Sarasota-Bradenton, FL metro area.
Over the past five years, Longboat Key home values have risen by approximately16.5%, reflecting steady appreciation in this market.
Price History
Longboat Key Home Price Trend
City Comparison
Longboat Key vs. National Median
At $966,045, homes in Longboat Key cost 136% above the national median of $410,000. Buyers in Longboat Key should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Longboat Key?
20% Down Payment
$193,209
on $966,045
Monthly P&I
$5,038/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,398/mo
incl. taxes & insurance
Income Needed
$255,920
gross annual (30% rule)
10% Down Option
$96,605
+ PMI applies
Loan Amount (20% dn)
$772,836
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Longboat Key, FL?
The median home value in Longboat Key is $966,045 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.5% year-over-year.
How much have home prices changed in Longboat Key?
Over the past year, home values in Longboat Key have decreased by 7.5%. Over five years, prices have risen approximately 16.5%.
How much do I need to earn to buy a home in Longboat Key?
To comfortably afford the median home price of $966,045 with a 20% down payment ($193,209) at today's rates (6.8%), you'd need a gross annual income of approximately $255,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Longboat Key compare to the national average home price?
The national median home value is approximately $410,000. At $966,045, homes in Longboat Key are 136% above the national average.
What metro area is Longboat Key part of?
Longboat Key is part of the North Port-Sarasota-Bradenton, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.