Lutz, FL—33558
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 $545,000, with a year-over-year change of -3.4%. 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 | $545,000 | -3.4% |
| Single Family | $568,000 | -3.2% |
| Condos | $190,000 | -7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $139,000 | -7.9% |
2 Bed | $255,000 | -6.6% |
3 Bed | $446,000 | -4.1% |
4 Bed | $650,000 | -2.5% |
| 5 Bed | $756,000 | -3.0% |
% of Housing Stock
Rental Trends — Lutz, FL
As of July '25, Rentcast reports the average rent in Lutz, FL is $2,700, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Lutz, FL is studios: $1,040, 1-bedrooms: $1,500, 2-bedrooms: $2,080, 3-bedrooms: $2,680, 4-bedrooms: $3,470. The most common rental property sizes in Lutz, FL are 2-bedroom and 1-bedroom, accounting for 45.1% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,680 | $2,700 |
| Studio Rent | $875 | $1,040 |
| 1 Bed Rent | $1,580 | $1,500 |
| 2 Bed Rent | $2,080 | $2,080 |
| 3 Bed Rent | $2,680 | $2,680 |
| 4 Bed Rent | $3,150 | $3,470 |
% 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 79. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $501,000 | -4.0% |
Listing Count | 187 | 26.0% |
| Listings as % of Homes | 0.9% | 26.0% |
Days on Market | 79 | 13.0% |
Demographics — Lutz, FL
As of the latest ACS Survey released in 2023, Lutz, FL has a population of 30,900, which has increased by 35.3% over the past 5 years. Lutz, FL is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 56.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,900 | 35.3% |
% Under 18 | 25.8% | -0.8% |
% Seniors | 14.5% | -1.4% |
% WFH | 23.2% | 217.8% |
% w/ College Degree | 56.5% | 13.9% |
As of the latest ACS Survey released in 2023, Lutz, FL is a predominantly white area, with 58.9% of the population identifying as white. The white population has shrunk by 12.2% in the last 5 years. The second most common race or ethnicity in Lutz, FL is hispanic, making up 21.5% of the population. Foreign-born residents account for 16.0% of the population in Lutz, FL, and this percentage has increased by 13.5% 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 | 58.9% | -12.2% |
% Black | 4.9% | -12.5% |
% Hispanic | 21.5% | 7.5% |
% Asian | 10.8% | 125.0% |
% Foreign Born | 16.0% | 13.5% |
Mortgage and Risk — Lutz, FL
According to HUD data as of 2023, there were 558 mortgage originations in Lutz, FL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Lutz, 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 | 558 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lutz, FL
As of 2024, the percent of homes in Lutz, FL under the Section 8 program is 0.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lutz, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,580 | $1,620 |
| 2 Bedroom | -$180 | $2,080 | $1,900 |
| 3 Bedroom | -$250 | $2,680 | $2,430 |
| 4 Bedroom | -$190 | $3,150 | $2,960 |
Affordability — Lutz, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $545,000 |
| Median Household Income | $107,000 |