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Satellite Beach Housing Information

IndexSatellite BeachFloridaNational
Median home price$233,800$166,800$184,700
Median rent asked$1,293$1,032$949
Avg. people per household2.62.62.6
Owner occupied households72.9%64.8%63.6%
Renter occupied households27.1%35.2%36.4%
Above, you will see a summary of real estate in Satellite Beach, FL. On average, homes in Satellite Beach, FL cost $233,800, a value that is 40% higher than the average in Florida. In general terms, this results in Satellite Beach, FL real estate being less affordable than Florida real estate. On average, people who rent houses in Satellite Beach, FL pay $1,293; this value is 25% higher than the average amount renters pay in Florida. 72.9% of Satellite Beach, FL residents own their own homes and, on average, each of the homes has 2.6 occupants. Satellite Beach, FL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Satellite Beach, FL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Satellite Beach Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Satellite Beach, FL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Satellite Beach, FL’s median home price stands at $233,800 while $63,170 is the value of the average household income. The resulting home price to income ratio, which is 3.7x, differs from the Florida average as the ratio is 9% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Satellite Beach, FL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Satellite Beach, FL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Patrick AFB, FL1,457$0100%
Cocoa West, FL5,115$66,80064%
Cocoa, FL17,558$93,20050%
Palm Bay, FL106,573$110,00040%
Melbourne, FL78,911$125,40032%
Satellite Beach, FL10,495$233,80027%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Cambridge, OH10,495$85,00054%
Big Rapids, MI10,495$88,40052%
Belmont, NC10,494$156,70015%
Eureka, MO10,497$239,20030%
Gonzales, LA10,492$155,10016%
Satellite Beach, FL10,495$233,80027%

Source: The Satellite Beach, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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