Naples Home Prices: $641K, Down 6.1% — 14 ZIPs Analyzed (2026)
$641,238. That’s the typical home price in Naples, FL as of February 2026 — and it’s down $41,000 from a year ago. The Zillow Home Value Index has now declined for 12 straight months in this Gulf Coast city.
Quick answer: The average home price in Naples, FL is $641,238 as of February 2026, down 6.1% year over year according to Zillow.
Current Home Prices in Naples
The median Naples home costs more than double the U.S. typical home, but the trend line is pointing the other way. After peaking near $683K in March 2025, values have slid for a full year.
| Metric | Value |
|---|---|
| Median home value | $641,238 |
| Year-over-year change | -6.1% |
| Cheapest ZIP | $332,910 (34112) |
| Most expensive ZIP | $1,302,301 (34102) |
| Price spread | 3.9x between top and bottom ZIP |
| ZIPs analyzed | 14 |
| Data through | February 2026 |
The gap between the cheapest and priciest ZIP tells you most of what you need to know about Naples. ZIP 34102, the Old Naples and downtown waterfront area, carries a typical value north of $1.3 million. Drive 15 minutes inland to ZIP 34112 and the same statistical “typical home” runs $333K. Two ZIPs, one city, almost a four-fold price gap.
The 6.1% annual decline in Naples is steeper than what most Florida metros are reporting. Buyers who waited through 2024 and 2025 have been rewarded — homes that listed at $700K last spring are settling closer to $640K now.
Naples Home Prices by Neighborhood
Naples has 14 ZIP codes in the Zillow dataset. Prices range from the low $300Ks inland to over $1.3M on the beach.
| ZIP Code | Typical Home Value | Median Rent |
|---|---|---|
| 34102 | $1,302,301 | $9,696 |
| 34103 | $1,123,430 | $9,989 |
| 34108 | $999,502 | $7,417 |
| 34119 | $651,819 | $2,799 |
| 34110 | $599,158 | $2,991 |
| 34109 | $586,634 | $2,705 |
| 34117 | $558,927 | $2,641 |
| 34120 | $547,681 | $2,701 |
| 34114 | $512,843 | $3,020 |
| 34113 | $500,974 | $4,461 |
| 34105 | $456,800 | $2,310 |
| 34116 | $452,740 | $2,106 |
| 34104 | $351,616 | $2,226 |
| 34112 | $332,910 | $2,434 |
Most Expensive
34102 — $1,302,301. Old Naples and the downtown beach district. Typical homes here are 2x the city average, and rents push $9,700 a month.
34103 — $1,123,430. Park Shore and the Gulf Shore Boulevard corridor. Highest rents in the city at $9,989.
34108 — $999,502. Pelican Bay and Vanderbilt Beach. Just under the seven-figure mark, with rents over $7,400.
Most Affordable
34112 — $332,910. East Naples. About half the city median and the only ZIP under $400K.
34104 — $351,616. Berkshire Lakes and the Davis Boulevard corridor. Rents around $2,226 — the lowest of the inland ZIPs.
34116 — $452,740. Golden Gate. Cheapest rents in the city at $2,106 a month.
Rent vs Buy in Naples
Rent or buy in Naples? The math depends entirely on which ZIP you’re targeting.
A $641K home with 20% down ($128K) leaves a $513K mortgage. At a 7% rate over 30 years, principal and interest run about $3,413 a month. Add Florida property tax (roughly $533/mo at 1% of value) and homeowners insurance (which has been brutal in coastal FL — figure $400-600/mo), and you’re looking at $4,300-4,500 a month before HOA dues or maintenance.
Median rent in the inland Naples ZIPs:
| Area Type | Typical Rent |
|---|---|
| Inland ZIPs (34112, 34104, 34116, 34105) | $2,100 – $2,430 |
| Mid-tier suburbs (34109, 34117, 34120) | $2,640 – $2,705 |
| Newer suburban (34119, 34110, 34114) | $2,800 – $3,020 |
| Coastal luxury (34108, 34103, 34102) | $7,417 – $9,989 |
In the inland ZIPs, renting at $2,200 vs buying at $4,300 saves you over $2,000 a month. That’s $24,000 a year before factoring in the opportunity cost of the down payment.
The math flips in the luxury coastal ZIPs. ZIP 34103 rents at $9,989 against a typical value of $1,123,430 — a price-to-rent ratio of about 9.4. Anything under 15 generally favors buying.
Population Growth and Migration
Naples is growing, but slowly. The city proper added about 1,031 residents between 2020 and 2024.
| Year | Population |
|---|---|
| 2020 | 19,137 |
| 2021 | 19,479 |
| 2022 | 19,752 |
| 2023 | 19,987 |
| 2024 | 20,168 |
That’s 5.4% growth over four years — a steady drip rather than a flood. The number reflects the city limits, not the broader Naples-Marco Island metro area, which absorbs most of the region’s new arrivals through unincorporated Collier County.
How Naples compares to other Florida cities:
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Port St. Lucie | 258,575 | 25.0% |
| Cape Coral | 233,025 | 19.2% |
| Miami | 487,014 | 10.0% |
| Orlando | 334,854 | 8.8% |
| Tampa | 414,547 | 6.7% |
| Naples | 20,168 | 5.4% |
Naples grows slower than nearly every major Florida city. That matters for housing demand. Cape Coral, an hour up the coast, has expanded its population by 19.2% in the same window — and Cape Coral’s housing supply has responded with new construction, putting downward pressure on prices there too.
In Naples, the modest population growth combined with falling prices suggests the slowdown is driven by demand softening rather than oversupply.
Naples Housing Market Trends
The 12-month price chart tells one story: down, every month, no exceptions until very recently.
| Month | Typical Home Value |
|---|---|
| March 2025 | $682,784 |
| April 2025 | $678,016 |
| May 2025 | $672,564 |
| June 2025 | $665,791 |
| July 2025 | $657,448 |
| August 2025 | $649,742 |
| September 2025 | $644,114 |
| October 2025 | $641,600 |
| November 2025 | $640,610 |
| December 2025 | $640,289 |
| January 2026 | $640,517 |
| February 2026 | $641,238 |
From peak to trough, that’s a $42,000 drop. But notice the last four months: the index moved from $640,610 to $641,238 — basically flat. The free-fall has stopped. The bottom may not be in, but the steepest part of the slide appears to be behind us.
The price floor (cheapest ZIP) has fallen further in percentage terms than the ceiling. ZIP 34112’s typical value dropped from $366,016 in March 2025 to $332,910 in February 2026 — a 9% decline. The most expensive ZIP, 34102, fell from $1,379,623 to $1,302,301 — about 5.6%. The cheaper end of the Naples market has been hit harder.
Is Naples a Good Place to Buy in 2026?
The data points to a buyer’s market right now.
A buyer in February 2026 pays $42,000 less than a buyer last March did for the same statistical home. That’s real money. Add the recent flattening — three months of values within a 1% band — and you have the early signs of a price floor.
But two things complicate the call. First, mortgage rates near 7% mean the monthly payment hasn’t fallen as much as the price has. Second, Florida insurance costs continue to climb, eroding affordability gains.
Where buyers have the upper hand:
- Inland ZIPs (34104, 34112, 34116) where prices have fallen hardest
- Mid-tier areas (34119, 34109, 34110) where rent-to-buy ratios are reasonable
- Sellers who bought in 2022-2023 and need to move are negotiable
Where caution is warranted:
- Coastal ZIPs (34102, 34103, 34108) where insurance and tax bills are punishing
- Properties near the high-water mark from the 2022 peak
If you can wait, another 3-6 months of data should confirm whether the market is bottoming or just pausing.
Naples Housing Market Outlook for 2026-2027
The 3-month trend suggests Naples is stabilizing. From November 2025 through February 2026, the typical value moved from $640,610 to $641,238 — essentially sideways. That’s a sharp departure from the steady $1,500-$5,000 monthly declines seen earlier in 2025.
If the current pace continues, prices through mid-2026 should stay within a few percent of $641K. The annual YoY comparison will look better simply because last year’s high baseline (March-May 2025) is rolling off the calendar.
The wider trajectory depends on factors outside this dataset: mortgage rates, Florida insurance markets, and whether retirees and remote workers keep flowing into Southwest Florida. The data here only tells you what has already happened. What’s already happened is a year of decline followed by three months of flat readings.
Similar Markets in FL
Florida buyers comparing Naples should look at:
- Tampa — A larger metro with a different price tier and stronger population growth.
- Orlando — Inland Florida alternative with similar growth and lower entry prices.
- Fort Lauderdale — Another coastal market with luxury exposure on the east coast.
- Port Saint Lucie — One of the fastest-growing Florida cities, useful as a contrast to Naples’ slower demographic story.
- Miami — The state’s signature luxury market for buyers who want urban density along with the price tag.
Frequently Asked Questions
What is the average home price in Naples?
The typical Naples home is worth $641,238 as of February 2026. That figure is the average across 14 ZIP codes within the city, ranging from $332,910 in the most affordable ZIP to $1,302,301 in the priciest.
Are home prices going up or down in Naples?
Down. Prices fell 6.1% over the past year, dropping from about $683K in March 2025 to $641K in February 2026. The decline has slowed in the last three months, with values moving sideways since November.
Is it cheaper to rent or buy in Naples?
In most ZIPs, renting is cheaper. A median-priced home with 20% down costs roughly $4,300-4,500 a month including taxes and insurance. Inland rents run $2,100 to $3,000. The math only favors buying in select luxury coastal ZIPs where rents exceed $7,000.
What is the most affordable neighborhood in Naples?
ZIP 34112 in East Naples has the lowest typical home value at $332,910 — about half the city average. ZIP 34104 follows at $351,616. Both inland ZIPs offer the best entry point for first-time buyers.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.