Tarpon Springs, FL 34688 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Tarpon Springs, FL—34688

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$565,000

5.9% YoY Growth

Household Income

$111,000

29.5% YoY Growth

Days on Market

82

1.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$2,980

18.9% YoY Growth

1-Bed Rent

$1,400

6.2% YoY Growth

2-Bed Rent

$2,100

43.2% YoY Growth

3-Bed Rent

$3,200

16.2% YoY Growth

Other Zip Codes in Tarpon Springs, FL

Home Price Trends — Tarpon Springs, FL

As of Dec '25, the median home price in Tarpon Springs, FL is $565,000, with a year-over-year change of -5.9%. This indicates that home prices in Tarpon Springs, FL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$565,000	-5.9%
Single Family	$654,000	-5.2%
Condos	$164,000	-15.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Tarpon Springs, FL

As of July '25, Rentcast reports the average rent in Tarpon Springs, FL is $3,210, with a year-over-year rent change of 18.9%. Per bedroom, the median rent as of July '25 in Tarpon Springs, FL is 1-bedrooms: $1,500, 2-bedrooms: $2,420, 3-bedrooms: $3,380, 4-bedrooms: $4,230. The most common rental property sizes in Tarpon Springs, FL are 2-bedroom and 3-bedroom, accounting for 78.8% and 9.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,980	$3,210
Studio Rent	N/A	N/A
1 Bed Rent	$1,400	$1,500
2 Bed Rent	$2,100	$2,420
3 Bed Rent	$3,200	$3,380
4 Bed Rent	$3,460	$4,230

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% of Rental Stock

1 Bedroom

2.1%

2 Bedrooms

78.8%

3 Bedrooms

9.5%

4 Bedrooms

9.5%

Property Listings — Tarpon Springs, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Tarpon Springs, FL is 66. This is a decrease of -7.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$595,000	25.0%
Listing Count	87	2.0%
Listings as % of Homes	1.4%	2.0%
Days on Market	82	1.0%

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Demographics — Tarpon Springs, FL

As of the latest ACS Survey released in 2023, Tarpon Springs, FL has a population of 8,770, which has increased by 34.9% over the past 5 years. Tarpon Springs, FL is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 47.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,770	34.9%
% Under 18	17.0%	9.0%
% Seniors	25.7%	-13.2%
% WFH	20.7%	117.9%
% w/ College Degree	47.3%	3.1%

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As of the latest ACS Survey released in 2023, Tarpon Springs, FL is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Tarpon Springs, FL is hispanic, making up 8.1% of the population. Foreign-born residents account for 14.7% of the population in Tarpon Springs, FL, and this percentage has increased by 40.0% 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	82.0%	-9.2%
% Black	1.9%	280.0%
% Hispanic	8.1%	28.6%
% Asian	4.3%	104.8%
% Foreign Born	14.7%	40.0%

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Mortgage and Risk — Tarpon Springs, FL

According to HUD data as of 2023, there were 53 mortgage originations in Tarpon Springs, FL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Tarpon Springs, FL. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	53
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Tarpon Springs, FL

As of 2024, the percent of homes in Tarpon Springs, FL under the Section 8 program is 1.1%. 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 Tarpon Springs, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	1.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$410	$1,400	$1,810
2 Bedroom	$20	$2,100	$2,120
3 Bedroom	-$490	$3,200	$2,710
4 Bedroom	-$160	$3,460	$3,300