Westchase, FL—33626
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westchase, FL
As of Nov '25, the median home price in Westchase, FL is $563,000, with a year-over-year change of -3.5%. This indicates that home prices in Westchase, FL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $563,000 | -3.5% |
| Single Family | $593,000 | -3.1% |
| Condos | $234,000 | -8.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $178,000 | -12.3% |
2 Bed | $276,000 | -7.7% |
3 Bed | $483,000 | -3.6% |
4 Bed | $720,000 | -3.0% |
| 5 Bed | $944,367 | -2.4% |
% of Housing Stock
Rental Trends — Westchase, FL
As of July '25, Rentcast reports the average rent in Westchase, FL is $2,980, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Westchase, FL is 1-bedrooms: $1,660, 2-bedrooms: $2,230, 3-bedrooms: $3,000, 4-bedrooms: $3,850. The most common rental property sizes in Westchase, FL are 2-bedroom and 1-bedroom, accounting for 34.7% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,720 | $1,660 |
| 2 Bed Rent | $2,200 | $2,230 |
| 3 Bed Rent | $2,850 | $3,000 |
| 4 Bed Rent | $3,500 | $3,850 |
% of Rental Stock
Property Listings — Westchase, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Westchase, FL is 78. This is a increase of 17.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | -4.0% |
Listing Count | 115 | 19.0% |
| Listings as % of Homes | 0.6% | 19.0% |
Days on Market | 78 | 17.0% |
Demographics — Westchase, FL
As of the latest ACS Survey released in 2023, Westchase, FL has a population of 30,700, which has increased by 2.6% over the past 5 years. Westchase, FL is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 64.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,700 | 2.6% |
% Under 18 | 23.6% | -13.9% |
% Seniors | 13.9% | 27.5% |
% WFH | 30.4% | 123.5% |
% w/ College Degree | 64.2% | 7.9% |
As of the latest ACS Survey released in 2023, Westchase, FL is a predominantly white area, with 60.7% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Westchase, FL is hispanic, making up 21.0% of the population. Foreign-born residents account for 23.2% of the population in Westchase, FL, and this percentage has increased by 36.5% 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 | 60.7% | -10.6% |
% Black | 2.3% | -39.5% |
% Hispanic | 21.0% | 36.4% |
% Asian | 9.5% | -13.6% |
% Foreign Born | 23.2% | 36.5% |
Mortgage and Risk — Westchase, FL
According to HUD data as of 2023, there were 278 mortgage originations in Westchase, FL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Westchase, FL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 278 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Westchase, FL
As of 2024, the percent of homes in Westchase, FL under the Section 8 program is 0.4%. 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 Westchase, 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 | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $610 | $1,720 | $2,330 |
| 2 Bedroom | $530 | $2,200 | $2,730 |
| 3 Bedroom | $650 | $2,850 | $3,500 |
| 4 Bedroom | $750 | $3,500 | $4,250 |
Affordability — Westchase, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $563,000 |
| Median Household Income | $124,000 |