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City Report · FL

Hobe Sound

Pop. 13,817·77th most expensive in Florida·Hobe Sound rents have dropped 21.9%, currently a renter's market
Median rent (all units)
$2,450/mo
Year-over-Year
-21.9%
Month-over-Month
+10.5%
vs US Median
+$485
Rising (Monthly)
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Most AffordableMost Expensive
Hobe Sound · $2,450
More expensive than 78% of US cities · National median $1,965/mo
Affordability
46% of income
STRETCHED
0%30% benchmark60%+

At $2,450/mo, rent takes about 46% of the local median household income, well above the 30% benchmark.

Income to afford
$98,000/yr
Local median income
$63,484/yr
Based on the 30%-of-income rule using Hobe Sound's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,160
1 BR
$1,180
2 BR
$1,420
3 BR
$1,960
4 BR+
$2,190
Research median
$1,420/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$29,400/yr
At $2,450/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-21.9% YoY, +10.5% MoM), not inventory.
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Demographics

Who lives here

Hobe Sound, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 29.8% of residents hold a bachelor's degree or higher.

Population
13,817
Median income
$63,484
Median age
57
Renters
22.2%
Age distribution
15.1%
12.7%
19.3%
18.7%
34.2%
Under 1815.1%
18–3412.7%
35–5419.3%
55–6418.7%
65+34.2%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
78.3%
12.4%
White78.3%
Black9.4%
Hispanic12.4%
Education (25+)
25.1%
37.8%
29.8%
No HS diploma7.3%
HS diploma25.1%
Some college37.8%
Bachelor's+29.8%
Housing tenure
77.8%
22.2%
Owner77.8%
Renter22.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hobe Sound, FL has changed in 5 years

Income
$56,598 → $63,484
up 12.2%
Population
13,964 → 13,817
down 1.1%
Renter share
20.8% → 22.2%
+1.4 pts
Bachelor's+
27.8% → 29.8%
+2.0 pts
Median age
56 → 57
+1.0 yrs

On the earnings side, the typical household in Hobe Sound, FL now reports about $63,484, up from $56,598 in 2021. Headcount in the area went from 13,964 to 13,817 between 2021 and 2024, a 1.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 27.8% to 29.8%.

Community

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View Hobe Sound rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hobe Sound on your salary?

At $2,450/mo, how Hobe Sound rent compares to typical pay (30% rule).

By apartment size

Hobe Sound rent by bedroom count

Median rent for each apartment size in Hobe Sound. Click any size for full breakdown.

Local insights

Tips for renters in Hobe Sound

About renting in Hobe Sound, FL

Last updated: July 20, 2026

The median rent in Hobe Sound is $2,450/mo as of July 2026. A studio apartment averages $1,160/mo while a 2-bedroom runs $1,420/mo. One-bedroom apartments average $1,180/mo and 3-bedroom units go for $1,960/mo.

At 46% of local median household income ($63,484/yr), Hobe Sound ranks as moderate compared to the national benchmark of 30%. Rents have decreased 21.9% over the past year.

FAQ

Frequently asked questions

Is Hobe Sound an affordable city for renters?

Hobe Sound is considered stretched for renters. At $2,450/mo, rent takes approximately 46% of the local median household income ($63,484/yr). The standard benchmark is 30%. Hobe Sound significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Hobe Sound?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,450/mo in Hobe Sound. The local median household income is $63,484/yr, meaning the typical Hobe Sound household falls short of that threshold.

Is rent going up or down in Hobe Sound?

Rent in Hobe Sound has decreased 21.9% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Hobe Sound rent compare to other cities in Florida?

Hobe Sound is one of the pricier cities in Florida for rent, ranking #77 out of 288 tracked cities at $2,450/mo.

Which nearby cities are cheaper to rent in than Hobe Sound?

Stuart is nearby and more affordable at $2,229/mo, which is $221 less than Hobe Sound.

What percentage of Hobe Sound residents rent vs. own?

According to Census data, approximately 22.2% of Hobe Sound households are renters, while 77.8% are owner-occupied. Hobe Sound leans toward homeownership, which can mean a smaller rental inventory.

How does Hobe Sound rent compare to the national average?

Hobe Sound's median rent of $2,450/mo is $485 (25%) above the US national median of $1,965/mo. Within Florida, it ranks #77 out of 288 tracked cities.
Income Affordability
46%
STRETCHED

At $2,450/mo, rent takes ~46% of Hobe Sound's median household income ($63,484/yr). The standard benchmark is 30%.

Hobe Sound 46%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hobe Sound, FL

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