Largo, FL—33774
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 $364,000, with a year-over-year change of -6.6%. This indicates that home prices in Largo, 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 | $364,000 | -6.6% |
| Single Family | $437,000 | -5.6% |
| Condos | $170,000 | -11.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $133,000 | -13.1% |
2 Bed | $261,000 | -8.1% |
3 Bed | $446,000 | -5.1% |
4 Bed | $612,000 | -4.4% |
| 5 Bed | $987,000 | -2.9% |
% of Housing Stock
Rental Trends — Largo, FL
As of July '25, Rentcast reports the average rent in Largo, FL is $2,350, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Largo, FL is studios: $1,750, 1-bedrooms: $1,650, 2-bedrooms: $2,140, 3-bedrooms: $3,190, 4-bedrooms: $3,390. The most common rental property sizes in Largo, FL are 2-bedroom and 1-bedroom, accounting for 42.3% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,350 |
| Studio Rent | $1,700 | $1,750 |
| 1 Bed Rent | $1,600 | $1,650 |
| 2 Bed Rent | $1,950 | $2,140 |
| 3 Bed Rent | $2,950 | $3,190 |
| 4 Bed Rent | $3,250 | $3,390 |
% 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 71. This is a increase of 2.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $326,000 | -18.0% |
Listing Count | 172 | 6.0% |
| Listings as % of Homes | 0.8% | 6.0% |
Days on Market | 71 | 2.0% |
Demographics — Largo, FL
As of the latest ACS Survey released in 2023, Largo, FL has a population of 20,000, which has increased by 4.8% over the past 5 years. Largo, FL is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | 4.8% |
% Under 18 | 19.4% | 9.6% |
% Seniors | 27.8% | 1.1% |
% WFH | 12.3% | 26.8% |
% w/ College Degree | 27.8% | 1.1% |
As of the latest ACS Survey released in 2023, Largo, FL is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Largo, FL is black, making up 11.5% of the population. Foreign-born residents account for 7.9% of the population in Largo, FL, and this percentage has increased by 12.9% 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 | 74.4% | -12.0% |
% Black | 11.5% | 43.8% |
% Hispanic | 8.6% | 53.6% |
% Asian | 1.2% | 500.0% |
% Foreign Born | 7.9% | 12.9% |
Mortgage and Risk — Largo, FL
According to HUD data as of 2023, there were 389 mortgage originations in Largo, FL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Largo, FL. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 389 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Largo, FL
As of 2024, the percent of homes in Largo, FL under the Section 8 program is 7.7%. 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 Largo, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 286 |
Total Units Section 8 | 142 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,600 | $1,590 |
| 2 Bedroom | -$90 | $1,950 | $1,860 |
| 3 Bedroom | -$570 | $2,950 | $2,380 |
| 4 Bedroom | -$350 | $3,250 | $2,900 |
Affordability — Largo, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $364,000 |
| Median Household Income | $76,800 |