Hobe Sound, FL Profile: Facts & Data

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Hobe Sound, Florida - Basic Facts

The Hobe Sound Census Designated Place had a population of 13,538 as of July 1, 2020.

The primary coordinate point for Hobe Sound is located at latitude 27.0595 and longitude -80.1364 in Martin County. The formal boundaries for the Hobe Sound Census Designated Place encompass a land area of 7.05 sq. miles and a water area of 0.68 sq. miles. Martin County is in the Eastern time zone (GMT -5). The elevation is 23 feet.

The Hobe Sound Census Designated Place (GNIS ID: 2402592) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Hobe Sound Census Designated Place is located within Port Salerno-Hobe Sound CCD of Martin County.


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Hobe Sound, FL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 13,538 (100%)
Population in Households 13,283 (98.1%)
Population in Families 9,865 (72.9%)
Population in Group Quarters1 255 ( 1.9%)
Population Density 1,905
Diversity Index2 33
 
 

INCOME

Median Household Income $50,739
Average Household Income $85,749
% of Income for Mortgage4 20%
Per Capita Income $40,925
Wealth Index5 131
 

HOUSING

Total HU (Housing Units) 7,660 (100%)
Owner Occupied HU 4,967 (64.8%)
Renter Occupied HU 1,424 (18.6%)
Vacant Housing Units 1,269 (16.6%)
Median Home Value $242,375
Average Home Value $391,155
Housing Affordability Index3 118
 

HOUSEHOLDS

Total Households 6,391
Average Household Size 2.08
Family Households 3,709
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.54% 0.67%
Households 0.59% 0.72%
Families 0.38% 0.59%
Median Household Income   0.94%
Per Capita Income   2.1%
Owner Occupied HU   0.7%

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Hobe Sound, FL - Peer Comparisons by Rank and Percentile

The table below compares Hobe Sound to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 271 71st
Population Density # 419 55th
Median Household Income # 524 43rd
Housing Affordability Index # 207 23rd
Per Capita Income # 208 77th
Diversity Index # 635 31st

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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