Tavares, FL—32778
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tavares, FL
As of Oct '25, the median home price in Tavares, FL is $312,000, with a year-over-year change of -2.4%. This indicates that home prices in Tavares, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | -2.4% |
| Single Family | $322,000 | -2.4% |
| Condos | $198,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $107,000 | 1.9% |
2 Bed | $229,000 | -3.4% |
3 Bed | $311,000 | -2.5% |
4 Bed | $369,000 | -1.9% |
| 5 Bed | $412,000 | -0.7% |
% of Housing Stock
Rental Trends — Tavares, FL
As of July '25, Rentcast reports the average rent in Tavares, FL is $2,050, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Tavares, FL is studios: $950, 1-bedrooms: $1,120, 2-bedrooms: $1,630, 3-bedrooms: $1,940, 4-bedrooms: $2,570. The most common rental property sizes in Tavares, FL are 2-bedroom and 1-bedroom, accounting for 43.9% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,050 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $1,000 | $1,120 |
| 2 Bed Rent | $1,650 | $1,630 |
| 3 Bed Rent | $2,000 | $1,940 |
| 4 Bed Rent | $2,350 | $2,570 |
% of Rental Stock
Property Listings — Tavares, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Tavares, FL is 75. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $348,000 | -5.0% |
Listing Count | 207 | 14.0% |
| Listings as % of Homes | 1.4% | 14.0% |
Days on Market | 75 | 13.0% |
Demographics — Tavares, FL
As of the latest ACS Survey released in 2023, Tavares, FL has a population of 25,100, which has increased by 17.3% over the past 5 years. Tavares, FL is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,100 | 17.3% |
% Under 18 | 16.2% | -6.4% |
% Seniors | 35.2% | 8.3% |
% WFH | 8.1% | 118.9% |
% w/ College Degree | 25.1% | 18.4% |
As of the latest ACS Survey released in 2023, Tavares, FL is a predominantly white area, with 71.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Tavares, FL is hispanic, making up 14.0% of the population. Foreign-born residents account for 8.9% of the population in Tavares, FL, and this percentage has increased by 2.3% 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 | 71.9% | -2.2% |
% Black | 8.0% | -28.6% |
% Hispanic | 14.0% | 21.7% |
% Asian | 2.5% | 66.7% |
% Foreign Born | 8.9% | 2.3% |
Mortgage and Risk — Tavares, FL
According to HUD data as of 2023, there were 778 mortgage originations in Tavares, FL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Tavares, FL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 778 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Tavares, FL
As of 2024, the percent of homes in Tavares, FL under the Section 8 program is 3.2%. 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 Tavares, 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 | 128 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,000 | $1,480 |
| 2 Bedroom | $30 | $1,650 | $1,680 |
| 3 Bedroom | $130 | $2,000 | $2,130 |
| 4 Bedroom | $220 | $2,350 | $2,570 |
Affordability — Tavares, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $312,000 |
| Median Household Income | $61,800 |