Wesley Chapel, FL—33543
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wesley Chapel, FL
As of Oct '25, the median home price in Wesley Chapel, FL is $409,000, with a year-over-year change of -6.1%. This indicates that home prices in Wesley Chapel, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $409,000 | -6.1% |
| Single Family | $418,000 | -6.3% |
| Condos | $97,000 | -19.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | -9.2% |
3 Bed | $348,000 | -6.5% |
4 Bed | $471,000 | -5.8% |
| 5 Bed | $663,000 | -5.0% |
% of Housing Stock
Rental Trends — Wesley Chapel, FL
As of July '25, Rentcast reports the average rent in Wesley Chapel, FL is $2,620, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Wesley Chapel, FL is studios: $1,620, 1-bedrooms: $1,590, 2-bedrooms: $2,000, 3-bedrooms: $2,370, 4-bedrooms: $2,970. The most common rental property sizes in Wesley Chapel, FL are 3-bedroom and 4-bedroom, accounting for 38.9% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,620 |
| Studio Rent | $1,620 | $1,620 |
| 1 Bed Rent | $1,650 | $1,590 |
| 2 Bed Rent | $1,900 | $2,000 |
| 3 Bed Rent | $2,250 | $2,370 |
| 4 Bed Rent | $2,800 | $2,970 |
% of Rental Stock
Property Listings — Wesley Chapel, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wesley Chapel, FL is 89. This is a increase of 22.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $476,000 | 1.0% |
Listing Count | 355 | 9.0% |
| Listings as % of Homes | 2.4% | 9.0% |
Days on Market | 89 | 22.0% |
Demographics — Wesley Chapel, FL
As of the latest ACS Survey released in 2023, Wesley Chapel, FL has a population of 37,500, which has increased by 43.2% over the past 5 years. Wesley Chapel, FL is a popular place for families, as children make up 26.4% of the population. The area has a highly educated workforce, with 50.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,500 | 43.2% |
% Under 18 | 26.4% | 5.6% |
% Seniors | 14.3% | 2.9% |
% WFH | 29.3% | 202.1% |
% w/ College Degree | 50.8% | 26.7% |
As of the latest ACS Survey released in 2023, Wesley Chapel, FL is a predominantly white area, with 51.4% of the population identifying as white. The white population has shrunk by 15.5% in the last 5 years. The second most common race or ethnicity in Wesley Chapel, FL is hispanic, making up 22.3% of the population. Foreign-born residents account for 19.7% of the population in Wesley Chapel, FL, and this percentage has increased by 35.9% 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 | 51.4% | -15.5% |
% Black | 12.4% | 17.0% |
% Hispanic | 22.3% | 3.7% |
% Asian | 8.8% | 91.3% |
% Foreign Born | 19.7% | 35.9% |
Mortgage and Risk — Wesley Chapel, FL
According to HUD data as of 2023, there were 1589 mortgage originations in Wesley Chapel, FL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Wesley Chapel, FL. Investor activity is low, as 4.0% 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 | 1,589 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Wesley Chapel, FL
As of 2024, the percent of homes in Wesley Chapel, FL under the Section 8 program is 1.0%. 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 Wesley Chapel, 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 | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,650 | $2,280 |
| 2 Bedroom | $770 | $1,900 | $2,670 |
| 3 Bedroom | $1,170 | $2,250 | $3,420 |
| 4 Bedroom | $1,360 | $2,800 | $4,160 |
Affordability — Wesley Chapel, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $409,000 |
| Median Household Income | $108,000 |