Cedar Key, FL housing market
The typical Cedar Key home is worth about $320,000, down 3.9% in a year, 15% below the Florida typical home.
Home values, sales, trends and how Cedar Key compares with the towns next door — updated as new data is published.
Cedar Key at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Cedar Key | Florida |
|---|---|---|
| 2017 | $184,000 | $209,000 |
| 2018 | $186,000 | $226,000 |
| 2019 | $198,000 | $242,000 |
| 2020 | $224,000 | $253,000 |
| 2021 | $245,000 | $276,000 |
| 2022 | $308,000 | $340,000 |
| 2023 | $334,000 | $392,000 |
| 2024 | $359,000 | $402,000 |
| 2025 | $354,000 | $397,000 |
| 2026 | $320,000 | $377,000 |
| August 2026 | $320,000 | $376,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Cedar Key in 2025, all single-family houses, worth about $1.5 million to build. Over the past 10 years, Cedar Key has permitted 13 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cedar Key's population fell by 15 even though 15 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 28% of Cedar Key's homes are seasonal or vacation homes, which adds housing without adding residents. Across Florida: 2.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $382,000 |
| 2025 | 4 | 4 | 0 | $1.5 million |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 3 | 3 | 0 | $534,000 |
| 2018 | 2 | 2 | 0 | $626,000 |
| 2017 | 2 | 2 | 0 | $627,000 |
| 2016 | 2 | 2 | 0 | $283,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $600,000 |
| 2013 | 2 | 2 | 0 | $520,000 |
| 2012 | 1 | 1 | 0 | $109,000 |
| 2011 | 1 | 1 | 0 | $62,000 |
| 2010 | 1 | 1 | 0 | $393,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $374,000 |
| 2006 | 6 | 6 | 0 | $1.7 million |
| 2005 | 14 | 14 | 0 | $2.8 million |
| 2004 | 13 | 13 | 0 | $2.2 million |
| 2003 | 6 | 6 | 0 | $1.4 million |
| 2002 | 7 | 7 | 0 | $3 million |
| 2001 | 51 | 15 | 36 | $5.9 million |
| 2000 | 27 | 3 | 24 | $2.4 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,080
HUD's Fair Market Rent for a two-bedroom in Cedar Key is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cedar Key pay a median of $873, so moving in tends to cost more than staying put.
Studio $810 · 4 bedrooms $1,430
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32625; Levy County, FL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.