Mulberry, FL—33860
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mulberry, FL
As of Oct '25, the median home price in Mulberry, FL is $287,000, with a year-over-year change of -4.5%. This indicates that home prices in Mulberry, 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 | $287,000 | -4.5% |
| Single Family | $293,000 | -4.2% |
| Condos | $147,000 | -7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | -9.2% |
3 Bed | $288,000 | -4.6% |
4 Bed | $349,000 | -3.9% |
| 5 Bed | $433,000 | -4.2% |
% of Housing Stock
Rental Trends — Mulberry, FL
As of July '25, Rentcast reports the average rent in Mulberry, FL is $2,000, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Mulberry, FL is 1-bedrooms: $1,120, 2-bedrooms: $1,460, 3-bedrooms: $2,020, 4-bedrooms: $2,350. The most common rental property sizes in Mulberry, FL are 2-bedroom and 3-bedroom, accounting for 38.4% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,120 |
| 2 Bed Rent | $1,350 | $1,460 |
| 3 Bed Rent | $2,000 | $2,020 |
| 4 Bed Rent | $2,250 | $2,350 |
% of Rental Stock
Property Listings — Mulberry, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mulberry, FL is 66. This is a decrease of -24.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -5.0% |
Listing Count | 115 | -12.0% |
| Listings as % of Homes | 0.7% | -12.0% |
Days on Market | 66 | -24.0% |
Demographics — Mulberry, FL
As of the latest ACS Survey released in 2023, Mulberry, FL has a population of 25,600, which has increased by 1.9% over the past 5 years. Mulberry, FL is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | 1.9% |
% Under 18 | 25.5% | -4.1% |
% Seniors | 16.1% | -5.3% |
% WFH | 12.1% | 218.4% |
% w/ College Degree | 14.8% | -8.1% |
As of the latest ACS Survey released in 2023, Mulberry, FL is a predominantly white area, with 53.2% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Mulberry, FL is hispanic, making up 32.7% of the population. Foreign-born residents account for 15.1% of the population in Mulberry, FL, and this percentage has increased by 36.0% 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 | 53.2% | -8.0% |
% Black | 10.6% | 12.8% |
% Hispanic | 32.7% | 6.5% |
% Asian | 1.4% | 27.3% |
% Foreign Born | 15.1% | 36.0% |
Mortgage and Risk — Mulberry, FL
According to HUD data as of 2023, there were 349 mortgage originations in Mulberry, FL, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Mulberry, FL. Investor activity is low, as 1.0% 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 | 349 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Mulberry, FL
As of 2024, the percent of homes in Mulberry, FL under the Section 8 program is 0.4%. 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 Mulberry, 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 | 40 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,250 | $1,030 |
| 2 Bedroom | -$90 | $1,350 | $1,260 |
| 3 Bedroom | -$310 | $2,000 | $1,690 |
| 4 Bedroom | -$130 | $2,250 | $2,120 |
Affordability — Mulberry, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $287,000 |
| Median Household Income | $62,800 |