Pace, FL—32571
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pace, FL
As of Oct '25, the median home price in Pace, FL is $323,000, with a year-over-year change of -2.1%. This indicates that home prices in Pace, FL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | -2.1% |
| Single Family | $323,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | -4.9% |
3 Bed | $285,000 | -2.4% |
4 Bed | $372,000 | -1.3% |
| 5 Bed | $531,000 | -1.1% |
% of Housing Stock
Rental Trends — Pace, FL
As of July '25, Rentcast reports the average rent in Pace, FL is $2,030, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Pace, FL is 1-bedrooms: $1,090, 2-bedrooms: $1,220, 3-bedrooms: $1,940, 4-bedrooms: $2,150. The most common rental property sizes in Pace, FL are 3-bedroom and 2-bedroom, accounting for 39.1% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,090 |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $1,950 | $1,940 |
| 4 Bed Rent | $2,100 | $2,150 |
% of Rental Stock
Property Listings — Pace, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pace, FL is 63. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 5.0% |
Listing Count | 316 | 6.0% |
| Listings as % of Homes | 1.4% | 6.0% |
Days on Market | 63 | 1.0% |
Demographics — Pace, FL
As of the latest ACS Survey released in 2023, Pace, FL has a population of 41,200, which has increased by 16.4% over the past 5 years. Pace, FL is a popular place for families, as children make up 27.5% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,200 | 16.4% |
% Under 18 | 27.5% | 13.6% |
% Seniors | 17.2% | 22.9% |
% WFH | 12.6% | 270.6% |
% w/ College Degree | 33.3% | 10.6% |
As of the latest ACS Survey released in 2023, Pace, FL is a predominantly white area, with 80.2% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Pace, FL is hispanic, making up 5.7% of the population. Foreign-born residents account for 6.0% of the population in Pace, FL, and this percentage has increased by 93.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.2% | -7.9% |
% Black | 4.1% | 41.4% |
% Hispanic | 5.7% | 29.5% |
% Asian | 2.5% | 66.7% |
% Foreign Born | 6.0% | 93.5% |
Mortgage and Risk — Pace, FL
According to HUD data as of 2023, there were 1232 mortgage originations in Pace, FL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Pace, FL. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,232 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pace, FL
As of 2024, the percent of homes in Pace, FL under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pace, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 121 |
Total Units Section 8 | 121 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $950 | $1,310 |
| 2 Bedroom | $340 | $1,200 | $1,540 |
| 3 Bedroom | $110 | $1,950 | $2,060 |
| 4 Bedroom | $440 | $2,100 | $2,540 |
Affordability — Pace, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $323,000 |
| Median Household Income | $89,100 |