Palm Harbor, FL—34684
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 $320,000, with a year-over-year change of -8.5%. This indicates that home prices in Palm Harbor, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $320,000 | -8.5% |
| Single Family | $380,000 | -8.2% |
| Condos | $198,000 | -11.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $158,000 | -10.7% |
2 Bed | $271,000 | -10.3% |
3 Bed | $410,000 | -7.2% |
4 Bed | $619,000 | -6.2% |
| 5 Bed | $938,000 | -3.9% |
% of Housing Stock
Rental Trends — Palm Harbor, FL
As of July '25, Rentcast reports the average rent in Palm Harbor, FL is $2,220, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Palm Harbor, FL is 1-bedrooms: $1,560, 2-bedrooms: $2,080, 3-bedrooms: $2,740, 4-bedrooms: $2,730. The most common rental property sizes in Palm Harbor, FL are 2-bedroom and 1-bedroom, accounting for 46.9% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,560 |
| 2 Bed Rent | $2,000 | $2,080 |
| 3 Bed Rent | $2,600 | $2,740 |
| 4 Bed Rent | $2,780 | $2,730 |
% 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 79. 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | -4.0% |
Listing Count | 283 | 6.0% |
| Listings as % of Homes | 1.2% | 6.0% |
Days on Market | 79 | 12.0% |
Demographics — Palm Harbor, FL
As of the latest ACS Survey released in 2023, Palm Harbor, FL has a population of 26,900, which has decreased by -6.5% over the past 5 years. Palm Harbor, FL is a less popular place for families, as children make up 14.1% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,900 | -6.5% |
% Under 18 | 14.1% | 1.4% |
% Seniors | 36.4% | 8.3% |
% WFH | 16.3% | 83.1% |
% w/ College Degree | 34.9% | 10.1% |
As of the latest ACS Survey released in 2023, Palm Harbor, FL is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Palm Harbor, FL is hispanic, making up 9.6% of the population. Foreign-born residents account for 13.1% of the population in Palm Harbor, FL, and this percentage has increased by 17.0% 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 | 81.3% | -1.9% |
% Black | 2.9% | -17.1% |
% Hispanic | 9.6% | 20.0% |
% Asian | 3.6% | 16.1% |
% Foreign Born | 13.1% | 17.0% |
Mortgage and Risk — Palm Harbor, FL
According to HUD data as of 2023, there were 514 mortgage originations in Palm Harbor, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Palm Harbor, FL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 514 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
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 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 Palm Harbor, 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 | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,500 | $1,880 |
| 2 Bedroom | $200 | $2,000 | $2,200 |
| 3 Bedroom | $220 | $2,600 | $2,820 |
| 4 Bedroom | $650 | $2,780 | $3,430 |
Affordability — Palm Harbor, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $320,000 |
| Median Household Income | $67,500 |