Lutz, FL—33549
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lutz, FL
As of Oct '25, the median home price in Lutz, FL is $431,000, with a year-over-year change of -5.2%. This indicates that home prices in Lutz, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $431,000 | -5.3% |
| Single Family | $438,000 | -5.4% |
| Condos | $262,000 | -7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | -6.8% |
3 Bed | $378,000 | -5.7% |
4 Bed | $593,000 | -3.1% |
| 5 Bed | $789,000 | -2.4% |
% of Housing Stock
Rental Trends — Lutz, FL
As of July '25, Rentcast reports the average rent in Lutz, FL is $2,260, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Lutz, FL is 1-bedrooms: $1,380, 2-bedrooms: $1,650, 3-bedrooms: $2,360, 4-bedrooms: $2,880. The most common rental property sizes in Lutz, FL are 3-bedroom and 2-bedroom, accounting for 40.1% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,280 | $2,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,380 |
| 2 Bed Rent | $1,600 | $1,650 |
| 3 Bed Rent | $2,400 | $2,360 |
| 4 Bed Rent | $2,700 | $2,880 |
% of Rental Stock
Property Listings — Lutz, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lutz, FL is 64. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $552,000 | 5.0% |
Listing Count | 84 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 64 | -18.0% |
Demographics — Lutz, FL
As of the latest ACS Survey released in 2023, Lutz, FL has a population of 18,800, which has increased by 4.4% over the past 5 years. Lutz, FL is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | 4.4% |
% Under 18 | 20.8% | 4.0% |
% Seniors | 22.1% | 26.3% |
% WFH | 15.1% | 101.3% |
% w/ College Degree | 39.7% | 10.3% |
As of the latest ACS Survey released in 2023, Lutz, FL is a predominantly white area, with 60.1% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Lutz, FL is hispanic, making up 25.1% of the population. Foreign-born residents account for 10.7% of the population in Lutz, FL, and this percentage has decreased by 12.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.1% | -10.7% |
% Black | 7.1% | -5.3% |
% Hispanic | 25.1% | 23.6% |
% Asian | 3.6% | -25.0% |
% Foreign Born | 10.7% | -12.3% |
Mortgage and Risk — Lutz, FL
According to HUD data as of 2023, there were 493 mortgage originations in Lutz, FL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Lutz, FL. Investor activity is low, as 2.0% 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 | 493 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lutz, FL
As of 2024, the percent of homes in Lutz, FL under the Section 8 program is 0.9%. 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 Lutz, 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 | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $1,200 | $1,780 |
| 2 Bedroom | $490 | $1,600 | $2,090 |
| 3 Bedroom | $280 | $2,400 | $2,680 |
| 4 Bedroom | $560 | $2,700 | $3,260 |
Affordability — Lutz, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $431,000 |
| Median Household Income | $85,100 |