Tarpon Springs, FL 34689 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Tarpon Springs, FL—34689

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$361,000

9.3% YoY Growth

Household Income

$66,500

40.8% YoY Growth

Days on Market

93

2.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$2,100

1.7% YoY Growth

1-Bed Rent

$1,300

2.3% YoY Growth

2-Bed Rent

$1,850

5.5% YoY Growth

3-Bed Rent

$2,400

0.4% 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 $361,000, with a year-over-year change of -9.3%. This indicates that home prices in Tarpon Springs, FL are decreasing. According to Zillow, the 1-year price projection is 0.9%, 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	-9.3%
Single Family	$390,000	-8.7%
Condos	$207,000	-13.0%

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 $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

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% of Rental Stock

Studio

8.1%

1 Bedroom

28.4%

2 Bedrooms

43.6%

3 Bedrooms

14.4%

4 Bedrooms

2.3%

5+ Bedrooms

3.3%

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 91. This is a increase of 16.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$426,000	-1.0%
Listing Count	276	26.0%
Listings as % of Homes	1.1%	26.0%
Days on Market	93	2.0%

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Demographics — Tarpon Springs, FL

As of the latest ACS Survey released in 2023, Tarpon Springs, FL has a population of 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%

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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%

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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%

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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 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