Largo, FL—33770
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Largo, FL
As of Oct '25, the median home price in Largo, FL is $363,000, with a year-over-year change of -7.8%. This indicates that home prices in Largo, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | -7.8% |
| Single Family | $382,000 | -8.0% |
| Condos | $179,000 | -11.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $152,000 | -10.6% |
2 Bed | $297,000 | -7.5% |
3 Bed | $427,000 | -6.6% |
4 Bed | $575,000 | -6.0% |
| 5 Bed | $1,101,000 | -4.9% |
% of Housing Stock
Rental Trends — Largo, FL
As of July '25, Rentcast reports the average rent in Largo, FL is $2,040, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Largo, FL is studios: $1,190, 1-bedrooms: $1,500, 2-bedrooms: $1,900, 3-bedrooms: $3,040, 4-bedrooms: $2,960. The most common rental property sizes in Largo, FL are 1-bedroom and 2-bedroom, accounting for 40.9% and 39.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,040 |
| Studio Rent | $1,150 | $1,190 |
| 1 Bed Rent | $1,450 | $1,500 |
| 2 Bed Rent | $1,700 | $1,900 |
| 3 Bed Rent | $2,800 | $3,040 |
| 4 Bed Rent | $3,000 | $2,960 |
% of Rental Stock
Property Listings — Largo, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Largo, FL is 74. This is a increase of 4.0% 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 | $396,000 | -10.0% |
Listing Count | 179 | 35.0% |
| Listings as % of Homes | 0.6% | 35.0% |
Days on Market | 74 | 4.0% |
Demographics — Largo, FL
As of the latest ACS Survey released in 2023, Largo, FL has a population of 25,000, which has decreased by -2.7% over the past 5 years. Largo, FL is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,000 | -2.7% |
% Under 18 | 16.1% | 12.6% |
% Seniors | 26.1% | 7.0% |
% WFH | 8.6% | 43.3% |
% w/ College Degree | 26.0% | 15.6% |
As of the latest ACS Survey released in 2023, Largo, FL is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Largo, FL is hispanic, making up 10.9% of the population. Foreign-born residents account for 8.6% of the population in Largo, FL, and this percentage has decreased by 16.5% 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 | 74.7% | -8.8% |
% Black | 8.5% | 165.6% |
% Hispanic | 10.9% | 22.5% |
% Asian | 1.2% | -33.3% |
% Foreign Born | 8.6% | -16.5% |
Mortgage and Risk — Largo, FL
According to HUD data as of 2023, there were 341 mortgage originations in Largo, FL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Largo, FL. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 341 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Largo, FL
As of 2024, the percent of homes in Largo, FL under the Section 8 program is 4.3%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Largo, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 210 |
Total Units Section 8 | 210 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,450 | $1,540 |
| 2 Bedroom | $110 | $1,700 | $1,810 |
| 3 Bedroom | -$480 | $2,800 | $2,320 |
| 4 Bedroom | -$180 | $3,000 | $2,820 |
Affordability — Largo, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $363,000 |
| Median Household Income | $58,100 |