Largo, FL—33771
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 $253,000, with a year-over-year change of -9.1%. This indicates that home prices in Largo, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $253,000 | -9.1% |
| Single Family | $295,000 | -8.4% |
| Condos | $172,000 | -12.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $119,000 | -13.1% |
2 Bed | $224,000 | -10.0% |
3 Bed | $351,000 | -6.4% |
4 Bed | $416,000 | -7.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Largo, FL
As of July '25, Rentcast reports the average rent in Largo, FL is $1,910, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Largo, FL is studios: $995, 1-bedrooms: $1,430, 2-bedrooms: $1,860, 3-bedrooms: $2,300, 4-bedrooms: $2,340. The most common rental property sizes in Largo, FL are 1-bedroom and 2-bedroom, accounting for 46.0% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,910 |
| Studio Rent | $995 | $995 |
| 1 Bed Rent | $1,450 | $1,430 |
| 2 Bed Rent | $1,800 | $1,860 |
| 3 Bed Rent | $2,440 | $2,300 |
| 4 Bed Rent | $2,280 | $2,340 |
% 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 79. This is a decrease of -8.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | -12.0% |
Listing Count | 142 | 18.0% |
| Listings as % of Homes | 0.4% | 18.0% |
Days on Market | 79 | -8.0% |
Demographics — Largo, FL
As of the latest ACS Survey released in 2023, Largo, FL has a population of 27,900, which has decreased by -8.0% over the past 5 years. Largo, FL is a less popular place for families, as children make up 13.9% 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 some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | -8.0% |
% Under 18 | 13.9% | -10.9% |
% Seniors | 30.8% | 6.9% |
% WFH | 11.2% | 160.5% |
% w/ College Degree | 24.9% | 17.5% |
As of the latest ACS Survey released in 2023, Largo, FL is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Largo, FL is hispanic, making up 14.5% of the population. Foreign-born residents account for 13.1% of the population in Largo, FL, and this percentage has decreased by 11.5% 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 | 74.0% | -3.4% |
% Black | 4.6% | -9.8% |
% Hispanic | 14.5% | 0.7% |
% Asian | 2.5% | 31.6% |
% Foreign Born | 13.1% | -11.5% |
Mortgage and Risk — Largo, FL
According to HUD data as of 2023, there were 388 mortgage originations in Largo, FL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Largo, FL. Investor activity is low, as 3.0% 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 | 388 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Largo, FL
As of 2024, the percent of homes in Largo, FL under the Section 8 program is 4.1%. 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. 1-bedroom and 2-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 224 |
Total Units Section 8 | 224 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,450 | $1,600 |
| 2 Bedroom | $80 | $1,800 | $1,880 |
| 3 Bedroom | -$30 | $2,440 | $2,410 |
| 4 Bedroom | $650 | $2,280 | $2,930 |
Affordability — Largo, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $253,000 |
| Median Household Income | $60,100 |