Wesley Chapel, FL—33545
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wesley Chapel, FL
As of Oct '25, the median home price in Wesley Chapel, FL is $397,000, with a year-over-year change of -4.8%. This indicates that home prices in Wesley Chapel, 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 | $397,000 | -4.8% |
| Single Family | $397,000 | -4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $331,000 | -5.7% |
4 Bed | $417,000 | -4.8% |
| 5 Bed | $521,000 | -4.1% |
% of Housing Stock
Rental Trends — Wesley Chapel, FL
As of July '25, Rentcast reports the average rent in Wesley Chapel, FL is $2,480, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Wesley Chapel, FL is studios: $1,680, 1-bedrooms: $1,520, 2-bedrooms: $2,220, 3-bedrooms: $2,230, 4-bedrooms: $2,710. The most common rental property sizes in Wesley Chapel, FL are 4-bedroom and 3-bedroom, accounting for 46.6% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,390 | $2,480 |
| Studio Rent | $1,560 | $1,680 |
| 1 Bed Rent | $1,650 | $1,520 |
| 2 Bed Rent | $2,200 | $2,220 |
| 3 Bed Rent | $2,200 | $2,230 |
| 4 Bed Rent | $2,600 | $2,710 |
% of Rental Stock
Property Listings — Wesley Chapel, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wesley Chapel, FL is 71. This is a increase of 13.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $464,000 | 5.0% |
Listing Count | 271 | -15.0% |
| Listings as % of Homes | 6.5% | -15.0% |
Days on Market | 71 | 13.0% |
Demographics — Wesley Chapel, FL
As of the latest ACS Survey released in 2023, Wesley Chapel, FL has a population of 27,500, which has increased by 48.7% over the past 5 years. Wesley Chapel, FL is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 48.7% |
% Under 18 | 26.0% | -6.8% |
% Seniors | 9.0% | 9.8% |
% WFH | 24.2% | 175.0% |
% w/ College Degree | 39.5% | 12.9% |
As of the latest ACS Survey released in 2023, Wesley Chapel, FL is a predominantly white area, with 45.4% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Wesley Chapel, FL is hispanic, making up 30.1% of the population. Foreign-born residents account for 16.3% of the population in Wesley Chapel, FL, and this percentage has increased by 24.4% 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 | 45.4% | -14.7% |
% Black | 14.8% | -16.4% |
% Hispanic | 30.1% | 39.4% |
% Asian | 4.5% | -8.2% |
% Foreign Born | 16.3% | 24.4% |
Mortgage and Risk — Wesley Chapel, FL
According to HUD data as of 2023, there were 2403 mortgage originations in Wesley Chapel, FL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Wesley Chapel, FL. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,403 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Wesley Chapel, FL
As of 2024, the percent of homes in Wesley Chapel, FL under the Section 8 program is 2.2%. 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 Wesley Chapel, 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 | 84 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $710 | $1,650 | $2,360 |
| 2 Bedroom | $570 | $2,200 | $2,770 |
| 3 Bedroom | $1,350 | $2,200 | $3,550 |
| 4 Bedroom | $1,720 | $2,600 | $4,320 |
Affordability — Wesley Chapel, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $397,000 |
| Median Household Income | $109,000 |