Largo, FL—33778
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Largo, FL
As of Oct '25, the median home price in Largo, FL is $350,000, with a year-over-year change of -5.7%. This indicates that home prices in Largo, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | -5.7% |
| Single Family | $368,000 | -5.4% |
| Condos | $161,000 | -11.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | -9.3% |
2 Bed | $219,000 | -8.4% |
3 Bed | $405,000 | -4.7% |
4 Bed | $469,000 | -4.1% |
| 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 $2,110, with a year-over-year rent change of -15.3%. Per bedroom, the median rent as of July '25 in Largo, FL is studios: $1,320, 1-bedrooms: $1,300, 2-bedrooms: $1,910, 3-bedrooms: $2,410, 4-bedrooms: $3,350. The most common rental property sizes in Largo, FL are 2-bedroom and 1-bedroom, accounting for 53.8% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,090 | $2,110 |
| Studio Rent | $1,220 | $1,320 |
| 1 Bed Rent | $1,250 | $1,300 |
| 2 Bed Rent | $1,850 | $1,910 |
| 3 Bed Rent | $2,400 | $2,410 |
| 4 Bed Rent | $3,300 | $3,350 |
% of Rental Stock
Property Listings — Largo, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Largo, FL is 85. This is a decrease of -5.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | -19.0% |
Listing Count | 76 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 85 | -5.0% |
Demographics — Largo, FL
As of the latest ACS Survey released in 2023, Largo, FL has a population of 16,100, which has increased by 9.1% over the past 5 years. Largo, FL is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,100 | 9.1% |
% Under 18 | 17.2% | -3.9% |
% Seniors | 26.4% | 2.7% |
% WFH | 10.9% | 87.9% |
% w/ College Degree | 26.1% | 35.9% |
As of the latest ACS Survey released in 2023, Largo, FL is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Largo, FL is hispanic, making up 14.6% of the population. Foreign-born residents account for 12.8% of the population in Largo, FL, and this percentage has increased by 45.5% 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 | 71.8% | -10.9% |
% Black | 9.0% | -8.2% |
% Hispanic | 14.6% | 170.4% |
% Asian | 2.2% | 37.5% |
% Foreign Born | 12.8% | 45.5% |
Mortgage and Risk — Largo, FL
According to HUD data as of 2023, there were 255 mortgage originations in Largo, FL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, 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. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Largo, FL
As of 2024, the percent of homes in Largo, FL under the Section 8 program is 19.5%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Largo, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 309 |
Total Units Section 8 | 288 |
% Rentals under Section 8 | 19.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,250 | $1,690 |
| 2 Bedroom | $130 | $1,850 | $1,980 |
| 3 Bedroom | $140 | $2,400 | $2,540 |
| 4 Bedroom | -$210 | $3,300 | $3,090 |
Affordability — Largo, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $350,000 |
| Median Household Income | $63,600 |