Largo, FL—33773
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Largo, FL
As of Nov '25, the median home price in Largo, FL is $326,000, with a year-over-year change of -7.1%. This indicates that home prices in Largo, 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 | $326,000 | -7.1% |
| Single Family | $341,000 | -6.6% |
| Condos | $184,000 | -11.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | -7.3% |
3 Bed | $380,000 | -5.7% |
4 Bed | $483,000 | -5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Largo, FL
As of July '25, Rentcast reports the average rent in Largo, FL is $2,360, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Largo, FL is 1-bedrooms: $1,540, 2-bedrooms: $2,080, 3-bedrooms: $2,650, 4-bedrooms: $3,160. The most common rental property sizes in Largo, FL are 1-bedroom and 3-bedroom, accounting for 37.7% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,280 | $2,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,440 | $1,540 |
| 2 Bed Rent | $1,950 | $2,080 |
| 3 Bed Rent | $2,500 | $2,650 |
| 4 Bed Rent | $2,660 | $3,160 |
% of Rental Stock
Property Listings — Largo, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Largo, FL is 51. This is a decrease of -6.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -20.0% |
Listing Count | 83 | -9.0% |
| Listings as % of Homes | 0.5% | -9.0% |
Days on Market | 51 | -6.0% |
Demographics — Largo, FL
As of the latest ACS Survey released in 2023, Largo, FL has a population of 16,900, which has decreased by -4.8% over the past 5 years. Largo, FL is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | -4.8% |
% Under 18 | 15.5% | -0.6% |
% Seniors | 22.4% | 0.0% |
% WFH | 10.0% | 108.3% |
% w/ College Degree | 30.6% | 16.8% |
As of the latest ACS Survey released in 2023, Largo, FL is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Largo, FL is hispanic, making up 8.4% of the population. Foreign-born residents account for 12.2% of the population in Largo, FL, and this percentage has increased by 5.2% 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 | 75.3% | -8.5% |
% Black | 4.9% | 96.0% |
% Hispanic | 8.4% | 64.7% |
% Asian | 6.6% | 3.1% |
% Foreign Born | 12.2% | 5.2% |
Mortgage and Risk — Largo, FL
According to HUD data as of 2023, there were 224 mortgage originations in Largo, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Largo, FL. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 224 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 15.0% |
Rentals and Section 8 — Largo, FL
As of 2024, the percent of homes in Largo, FL under the Section 8 program is 11.9%. 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 Largo, 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 | 229 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 94.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,440 | $1,680 |
| 2 Bedroom | $20 | $1,950 | $1,970 |
| 3 Bedroom | $20 | $2,500 | $2,520 |
| 4 Bedroom | $410 | $2,660 | $3,070 |
Affordability — Largo, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $326,000 |
| Median Household Income | $74,100 |