Land O Lakes, FL—34638
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Land O Lakes, FL
As of Oct '25, the median home price in Land O Lakes, FL is $431,000, with a year-over-year change of -5.7%. This indicates that home prices in Land O Lakes, 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 | $431,000 | -5.7% |
| Single Family | $432,000 | -5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $336,000 | -7.7% |
3 Bed | $360,000 | -6.5% |
4 Bed | $468,000 | -5.1% |
| 5 Bed | $591,000 | -4.4% |
% of Housing Stock
Rental Trends — Land O Lakes, FL
As of July '25, Rentcast reports the average rent in Land O Lakes, FL is $2,520, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Land O Lakes, FL is 1-bedrooms: $1,400, 2-bedrooms: $2,230, 3-bedrooms: $2,360, 4-bedrooms: $2,690. The most common rental property sizes in Land O Lakes, FL are 4-bedroom and 2-bedroom, accounting for 42.4% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,400 |
| 2 Bed Rent | $2,000 | $2,230 |
| 3 Bed Rent | $2,320 | $2,360 |
| 4 Bed Rent | $2,600 | $2,690 |
% of Rental Stock
Property Listings — Land O Lakes, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Land O Lakes, FL is 74. This is a increase of 12.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | -5.0% |
Listing Count | 291 | -3.0% |
| Listings as % of Homes | 2.1% | -3.0% |
Days on Market | 74 | 12.0% |
Demographics — Land O Lakes, FL
As of the latest ACS Survey released in 2023, Land O Lakes, FL has a population of 35,900, which has increased by 35.4% over the past 5 years. Land O Lakes, FL is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 42.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,900 | 35.4% |
% Under 18 | 28.2% | -7.5% |
% Seniors | 12.7% | 33.7% |
% WFH | 24.5% | 175.3% |
% w/ College Degree | 42.0% | 6.1% |
As of the latest ACS Survey released in 2023, Land O Lakes, FL is a predominantly white area, with 58.4% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Land O Lakes, FL is hispanic, making up 25.2% of the population. Foreign-born residents account for 17.2% of the population in Land O Lakes, FL, and this percentage has increased by 36.5% 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 | 58.4% | -7.4% |
% Black | 6.0% | -25.9% |
% Hispanic | 25.2% | 20.0% |
% Asian | 4.3% | -25.9% |
% Foreign Born | 17.2% | 36.5% |
Mortgage and Risk — Land O Lakes, FL
According to HUD data as of 2023, there were 911 mortgage originations in Land O Lakes, FL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Land O Lakes, FL. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 911 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Land O Lakes, FL
As of 2024, the percent of homes in Land O Lakes, FL under the Section 8 program is 0.5%. 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 Land O Lakes, 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 | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $910 | $1,600 | $2,510 |
| 2 Bedroom | $940 | $2,000 | $2,940 |
| 3 Bedroom | $1,440 | $2,320 | $3,760 |
| 4 Bedroom | $1,980 | $2,600 | $4,580 |
Affordability — Land O Lakes, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $431,000 |
| Median Household Income | $118,000 |