Palm Harbor, FL—34683
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palm Harbor, FL
As of Oct '25, the median home price in Palm Harbor, FL is $446,000, with a year-over-year change of -7.3%. This indicates that home prices in Palm Harbor, FL are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $446,000 | -7.3% |
| Single Family | $497,000 | -7.4% |
| Condos | $180,000 | -13.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $148,000 | -15.4% |
2 Bed | $253,000 | -10.3% |
3 Bed | $476,000 | -6.8% |
4 Bed | $689,000 | -5.6% |
| 5 Bed | $973,000 | -4.4% |
% of Housing Stock
Rental Trends — Palm Harbor, FL
As of July '25, Rentcast reports the average rent in Palm Harbor, FL is $2,540, with a year-over-year rent change of 6.3%. Per bedroom, the median rent as of July '25 in Palm Harbor, FL is 1-bedrooms: $1,500, 2-bedrooms: $2,010, 3-bedrooms: $3,100, 4-bedrooms: $4,130. The most common rental property sizes in Palm Harbor, FL are 2-bedroom and 3-bedroom, accounting for 45.6% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,500 |
| 2 Bed Rent | $1,950 | $2,010 |
| 3 Bed Rent | $2,800 | $3,100 |
| 4 Bed Rent | $3,500 | $4,130 |
% of Rental Stock
Property Listings — Palm Harbor, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Palm Harbor, FL is 78. This is a increase of 17.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $514,000 | 10.0% |
Listing Count | 244 | 21.0% |
| Listings as % of Homes | 0.8% | 21.0% |
Days on Market | 78 | 17.0% |
Demographics — Palm Harbor, FL
As of the latest ACS Survey released in 2023, Palm Harbor, FL has a population of 34,200, which has increased by 3.1% over the past 5 years. Palm Harbor, FL is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 43.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,200 | 3.1% |
% Under 18 | 18.6% | 0.5% |
% Seniors | 21.1% | -3.7% |
% WFH | 20.3% | 174.3% |
% w/ College Degree | 43.2% | 19.3% |
As of the latest ACS Survey released in 2023, Palm Harbor, FL is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Palm Harbor, FL is hispanic, making up 8.2% of the population. Foreign-born residents account for 14.1% of the population in Palm Harbor, FL, and this percentage has increased by 20.5% 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 | 85.5% | -3.3% |
% Black | 1.3% | -13.3% |
% Hispanic | 8.2% | 28.1% |
% Asian | 1.7% | -15.0% |
% Foreign Born | 14.1% | 20.5% |
Mortgage and Risk — Palm Harbor, FL
According to HUD data as of 2023, there were 778 mortgage originations in Palm Harbor, FL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Palm Harbor, FL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 778 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Palm Harbor, FL
As of 2024, the percent of homes in Palm Harbor, FL under the Section 8 program is 1.4%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Palm Harbor, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 134 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,480 | $1,810 |
| 2 Bedroom | $170 | $1,950 | $2,120 |
| 3 Bedroom | -$90 | $2,800 | $2,710 |
| 4 Bedroom | -$200 | $3,500 | $3,300 |
Affordability — Palm Harbor, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $446,000 |
| Median Household Income | $90,000 |