Moving to Grand Island, Florida: The 2026 Data Guide
As of 2026-09-11, the median home sold in Grand Island, Florida over the last 12 months went for $330,000 (78 closings across 34 communities in Momentum’s MLS record), about $199 per square foot for a median 1,672-sq-ft home built around 2006. Homes currently listed have been on the market a median of 53 days, and with 26 active listings against that sales pace the city is carrying roughly 4.0 months of supply. Sellers have been getting about 95% of their original asking price. That median is 18% below the median across Momentum’s Florida and Georgia coverage.
What your budget buys in Grand Island
Three price points from 84 recent Grand Island closings in our record, each showing what actually closed within 10% of that price:
- Around $292,000: the typical sale in this band was a 3-bed, 2-bath home of about 1,493 sq ft, built around 2000 (24 sales).
- Around $330,000: the typical sale in this band was a 4-bed, 2-bath home of about 1,839 sq ft, built around 2014 (34 sales).
- Around $371,190: the typical sale in this band was a 4-bed, 2-bath home of about 2,193 sq ft, built around 2016 (33 sales).
The real monthly cost of owning in Grand Island
Take the median $330,000 home with 20% down at today’s 6.71% 30-year rate: principal and interest run about $1,705/month. Lake County’s typical total millage is 16.65 mills, so after the $50,000 homestead exemption the property tax is roughly $4,661/year ($388/month) for a new owner — the seller’s capped bill on the listing will be lower and is not your number. Citizens Property Insurance’s average premium in Lake County is about $1,756/year; private-market quotes vary with roof age and wind mitigation. 69% of current Grand Island listings carry an HOA, with a median of $90/month where one applies. All in, budget on the order of $2,330/month to own the median Grand Island home including a typical HOA.
For the full worksheet — taxes by scenario, the homestead exemption, and how the Save Our Homes cap works after year one — see the Lake County property tax guide and our home insurance by county map.
Where people are buying: Grand Island’s most active communities
The communities with the most closings in the last 12 months, with each one’s median sale and how long its current listings have been on the market. Every name links to that community’s own guide with live listings.
| Community | Sales (12 mo) | Median | Days listed |
|---|---|---|---|
| Groves at Grand Island | 14 | $376,480 | 86 |
| Eustis Grand Island Reserve | 8 | $370,000 | 102 |
| Acrg Nonsub | 7 | $645,500 | 52 |
| Grand Isle | 6 | $329,900 | 58 |
| Windy Ridge Sub | 5 | $322,000 | 48 |
| Wedgewood Club Add 01 | 5 | $275,000 | 30 |
Grand Island by ZIP code
Sales and medians by ZIP over the same 12 months: 32735 (78 sales, median $329,950).
What’s for sale: property types, new construction, and age of homes
Of the last 12 months of sales, 96% were single-family homes. New construction accounted for 34% of closings, led by Groves at Grand Island, Grand Isle. The housing stock skews mixed: 35% of homes sold were built in 2015 or later and 4% before 1980.
Getting around from Grand Island
Measured from the center of Grand Island’s recent sales: Ocala is about 32 miles; Downtown Orlando is about 32 miles; Orlando International Airport (MCO) is about 41 miles; Daytona Beach is about 49 miles. Distances are straight-line; drive times depend on the corridor and time of day.
Schools, taxes, and insurance: where to verify
School assignments change; check the Lake County school grades page for the district’s current grades, and confirm zoning for a specific address directly with the district. Property tax figures on this page use Lake County’s typical millage of 16.65; municipal and special-district millage varies inside the county. Insurance uses Citizens’ Lake County average of $1,756/year; a wind-mitigation inspection and roof age can move a private quote a long way in either direction.
Grand Island: the case for and against
What works in Grand Island’s favor
- prices run 18% below the statewide median in our coverage
- 34% of sales are new construction, so builder incentives and warranties are part of the market
- insurance is comparatively manageable here (Citizens average $1,756/year)
- no state income tax, and Florida’s Save Our Homes cap limits assessment growth once you homestead
What to plan for
- only about 4.0 months of supply, so choice is limited in the most popular price bands
- 69% of listings carry an HOA (median $90/month)
- property taxes reset to your purchase price, so never budget off the seller’s bill
Your Grand Island relocation toolkit
- Homes for sale in Grand Island right now
- Cost of living in Grand Island
- Best neighborhoods in Grand Island
- New construction in Grand Island
- Find an agent in Grand Island
- Search every Grand Island community
Common questions about moving to Grand Island
How much does a house cost in Grand Island, FL?
What does it cost per month to own a home in Grand Island?
What are property taxes like in Grand Island?
Is Grand Island a buyer's or seller's market right now?
Is there a lot of new construction in Grand Island?
Does Florida have a state income tax?
Sales figures are Momentum Realty’s MLS record of closings in Grand Island communities over the trailing 12 months (community snapshots as of their last refresh; price-band examples from the most recent closings on file); tax and insurance figures are Lake County data. Estimates, not guarantees; verify before relying on them. General relocation guidance, not financial advice. Equal Housing Opportunity.