Plant City, FL—33566
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plant City, FL
As of Oct '25, the median home price in Plant City, FL is $366,000, with a year-over-year change of -3.5%. This indicates that home prices in Plant City, 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 | $366,000 | -3.5% |
| Single Family | $369,000 | -3.4% |
| Condos | $281,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | -6.7% |
3 Bed | $340,000 | -4.0% |
4 Bed | $448,000 | -3.0% |
| 5 Bed | $537,000 | -2.2% |
% of Housing Stock
Rental Trends — Plant City, FL
As of July '25, Rentcast reports the average rent in Plant City, FL is $2,220, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Plant City, FL is 1-bedrooms: $788, 2-bedrooms: $1,500, 3-bedrooms: $2,220, 4-bedrooms: $2,310. The most common rental property sizes in Plant City, FL are 3-bedroom and 2-bedroom, accounting for 41.3% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $788 | $788 |
| 2 Bed Rent | $1,300 | $1,500 |
| 3 Bed Rent | $2,300 | $2,220 |
| 4 Bed Rent | $2,380 | $2,310 |
% of Rental Stock
Property Listings — Plant City, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Plant City, FL is 69. This is a increase of 12.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | 11.0% |
Listing Count | 96 | 24.0% |
| Listings as % of Homes | 0.8% | 24.0% |
Days on Market | 69 | 12.0% |
Demographics — Plant City, FL
As of the latest ACS Survey released in 2023, Plant City, FL has a population of 23,700, which has increased by 15.2% over the past 5 years. Plant City, FL is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | 15.2% |
% Under 18 | 24.0% | -10.8% |
% Seniors | 14.6% | 1.4% |
% WFH | 7.8% | 77.3% |
% w/ College Degree | 24.9% | -4.2% |
As of the latest ACS Survey released in 2023, Plant City, FL is a predominantly white area, with 54.0% of the population identifying as white. The white population has shrunk by 17.1% in the last 5 years. The second most common race or ethnicity in Plant City, FL is hispanic, making up 34.1% of the population. Foreign-born residents account for 16.5% of the population in Plant City, FL, and this percentage has increased by 52.8% 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 | 54.0% | -17.1% |
% Black | 7.5% | 59.6% |
% Hispanic | 34.1% | 30.7% |
% Asian | 2.6% | 30.0% |
% Foreign Born | 16.5% | 52.8% |
Mortgage and Risk — Plant City, FL
According to HUD data as of 2023, there were 435 mortgage originations in Plant City, FL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Plant City, FL. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 435 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Plant City, FL
As of 2024, the percent of homes in Plant City, FL under the Section 8 program is 1.9%. 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 Plant City, 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 | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $792 | $788 | $1,580 |
| 2 Bedroom | $550 | $1,300 | $1,850 |
| 3 Bedroom | $70 | $2,300 | $2,370 |
| 4 Bedroom | $500 | $2,380 | $2,880 |
Affordability — Plant City, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $366,000 |
| Median Household Income | $71,200 |