Tarpon Springs, FL—34689
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Tarpon Springs, FL
Home Price Trends — Tarpon Springs, FL
As of Oct '25, the median home price in Tarpon Springs, FL is $361,000, with a year-over-year change of -9.2%. This indicates that home prices in Tarpon Springs, 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 | $361,000 | -9.2% |
| Single Family | $392,000 | -8.6% |
| Condos | $206,000 | -13.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | -15.5% |
2 Bed | $249,000 | -10.8% |
3 Bed | $409,000 | -7.7% |
4 Bed | $531,000 | -6.2% |
| 5 Bed | $812,000 | -7.3% |
% of Housing Stock
Rental Trends — Tarpon Springs, FL
As of July '25, Rentcast reports the average rent in Tarpon Springs, FL is $2,300, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Tarpon Springs, FL is studios: $855, 1-bedrooms: $1,290, 2-bedrooms: $1,880, 3-bedrooms: $2,580, 4-bedrooms: $3,810. The most common rental property sizes in Tarpon Springs, FL are 2-bedroom and 1-bedroom, accounting for 43.6% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,300 |
| Studio Rent | $925 | $855 |
| 1 Bed Rent | $1,300 | $1,290 |
| 2 Bed Rent | $1,850 | $1,880 |
| 3 Bed Rent | $2,400 | $2,580 |
| 4 Bed Rent | $3,400 | $3,810 |
% of Rental Stock
Property Listings — Tarpon Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Tarpon Springs, FL is 94. This is a increase of 22.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $460,000 | -1.0% |
Listing Count | 300 | 28.0% |
| Listings as % of Homes | 1.1% | 28.0% |
Days on Market | 94 | 22.0% |
Demographics — Tarpon Springs, FL
As of the latest ACS Survey released in 2023, Tarpon Springs, FL has a population of 27,000, which has decreased by -1.8% over the past 5 years. Tarpon Springs, FL is a less popular place for families, as children make up 11.6% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | -1.8% |
% Under 18 | 11.6% | -35.2% |
% Seniors | 31.6% | 7.1% |
% WFH | 19.1% | 101.1% |
% w/ College Degree | 32.0% | 13.9% |
As of the latest ACS Survey released in 2023, Tarpon Springs, FL is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Tarpon Springs, FL is hispanic, making up 10.2% of the population. Foreign-born residents account for 10.5% of the population in Tarpon Springs, FL, and this percentage has decreased by 11.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | -1.2% |
% Black | 5.7% | -13.6% |
% Hispanic | 10.2% | 20.0% |
% Asian | 0.6% | -57.1% |
% Foreign Born | 10.5% | -11.0% |
Mortgage and Risk — Tarpon Springs, FL
According to HUD data as of 2023, there were 640 mortgage originations in Tarpon Springs, FL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Tarpon Springs, FL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 640 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Tarpon Springs, FL
As of 2024, the percent of homes in Tarpon Springs, FL under the Section 8 program is 22.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-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 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 561 |
Total Units Section 8 | 540 |
% Rentals under Section 8 | 22.3% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,300 | $1,410 |
| 2 Bedroom | -$190 | $1,850 | $1,660 |
| 3 Bedroom | -$270 | $2,400 | $2,130 |
| 4 Bedroom | -$810 | $3,400 | $2,590 |
Affordability — Tarpon Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $361,000 |
| Median Household Income | $66,500 |