Northdale, Greater Carrollwood, FL—33624
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northdale, Greater Carrollwood, FL
As of Oct '25, the median home price in Northdale, Greater Carrollwood, FL is $407,000, with a year-over-year change of -2.7%. This indicates that home prices in Northdale, Greater Carrollwood, 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 | $407,000 | -2.7% |
| Single Family | $421,000 | -2.5% |
| Condos | $181,000 | -7.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $157,000 | -8.2% |
2 Bed | $255,000 | -6.6% |
3 Bed | $399,000 | -2.7% |
4 Bed | $512,000 | -1.9% |
| 5 Bed | $708,000 | -0.8% |
% of Housing Stock
Rental Trends — Northdale, Greater Carrollwood, FL
As of July '25, Rentcast reports the average rent in Northdale, Greater Carrollwood, FL is $2,410, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Northdale, Greater Carrollwood, FL is 1-bedrooms: $1,430, 2-bedrooms: $1,940, 3-bedrooms: $2,560, 4-bedrooms: $3,200. The most common rental property sizes in Northdale, Greater Carrollwood, FL are 2-bedroom and 1-bedroom, accounting for 34.7% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,430 |
| 2 Bed Rent | $1,910 | $1,940 |
| 3 Bed Rent | $2,490 | $2,560 |
| 4 Bed Rent | $2,800 | $3,200 |
% of Rental Stock
Property Listings — Northdale, Greater Carrollwood, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Northdale, Greater Carrollwood, FL is 60. This is a increase of 8.0% 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 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 | $443,000 | 9.0% |
Listing Count | 172 | 26.0% |
| Listings as % of Homes | 0.6% | 26.0% |
Days on Market | 60 | 8.0% |
Demographics — Northdale, Greater Carrollwood, FL
As of the latest ACS Survey released in 2023, Northdale, Greater Carrollwood, FL has a population of 40,500, which has increased by 5.0% over the past 5 years. Northdale, Greater Carrollwood, FL is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,500 | 5.0% |
% Under 18 | 21.4% | 8.6% |
% Seniors | 16.0% | 4.6% |
% WFH | 21.7% | 205.6% |
% w/ College Degree | 41.8% | 12.7% |
As of the latest ACS Survey released in 2023, Northdale, Greater Carrollwood, FL is a predominantly white area, with 48.7% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Northdale, Greater Carrollwood, FL is hispanic, making up 37.4% of the population. Foreign-born residents account for 20.4% of the population in Northdale, Greater Carrollwood, FL, and this percentage has increased by 6.2% 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 | 48.7% | -1.8% |
% Black | 6.8% | -33.3% |
% Hispanic | 37.4% | 11.3% |
% Asian | 3.7% | -21.3% |
% Foreign Born | 20.4% | 6.2% |
Mortgage and Risk — Northdale, Greater Carrollwood, FL
According to HUD data as of 2023, there were 631 mortgage originations in Northdale, Greater Carrollwood, FL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Northdale, Greater Carrollwood, FL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 631 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Northdale, Greater Carrollwood, FL
As of 2024, the percent of homes in Northdale, Greater Carrollwood, FL under the Section 8 program is 1.1%. 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 Northdale, Greater Carrollwood, 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 | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,400 | $1,900 |
| 2 Bedroom | $320 | $1,910 | $2,230 |
| 3 Bedroom | $370 | $2,490 | $2,860 |
| 4 Bedroom | $670 | $2,800 | $3,470 |
Affordability — Northdale, Greater Carrollwood, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $407,000 |
| Median Household Income | $81,000 |