Palm Harbor, FL—34685
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palm Harbor, FL
As of Nov '25, the median home price in Palm Harbor, FL is $479,000, with a year-over-year change of -7.5%. This indicates that home prices in Palm Harbor, FL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $479,000 | -7.5% |
| Single Family | $602,000 | -5.8% |
| Condos | $211,000 | -11.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | -10.2% |
3 Bed | $465,000 | -7.4% |
4 Bed | $713,000 | -5.1% |
| 5 Bed | $899,796 | -5.0% |
% of Housing Stock
Rental Trends — Palm Harbor, FL
As of July '25, Rentcast reports the average rent in Palm Harbor, FL is $2,680, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Palm Harbor, FL is 1-bedrooms: $1,420, 2-bedrooms: $2,170, 3-bedrooms: $2,960, 4-bedrooms: $3,770. The most common rental property sizes in Palm Harbor, FL are 2-bedroom and 1-bedroom, accounting for 41.7% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,420 |
| 2 Bed Rent | $2,000 | $2,170 |
| 3 Bed Rent | $2,960 | $2,960 |
| 4 Bed Rent | $3,350 | $3,770 |
% of Rental Stock
Property Listings — Palm Harbor, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Palm Harbor, FL is 81. This is a increase of 15.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | -3.0% |
Listing Count | 120 | -1.0% |
| Listings as % of Homes | 0.7% | -1.0% |
Days on Market | 81 | 15.0% |
Demographics — Palm Harbor, FL
As of the latest ACS Survey released in 2023, Palm Harbor, FL has a population of 17,900, which has decreased by -5.3% over the past 5 years. Palm Harbor, FL is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 48.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | -5.3% |
% Under 18 | 19.2% | -1.5% |
% Seniors | 26.5% | 12.3% |
% WFH | 22.9% | 89.3% |
% w/ College Degree | 48.5% | 0.0% |
As of the latest ACS Survey released in 2023, Palm Harbor, FL is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Palm Harbor, FL is hispanic, making up 8.7% of the population. Foreign-born residents account for 12.3% of the population in Palm Harbor, FL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.8% | -7.5% |
% Black | 2.4% | 4.3% |
% Hispanic | 8.7% | 55.4% |
% Asian | 3.9% | 62.5% |
% Foreign Born | 12.3% | 0.0% |
Mortgage and Risk — Palm Harbor, FL
Palm Harbor, FL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Palm Harbor, FL
As of 2024, the percent of homes in Palm Harbor, FL under the Section 8 program is 0.2%. 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 Palm Harbor, 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 | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $740 | $1,250 | $1,990 |
| 2 Bedroom | $340 | $2,000 | $2,340 |
| 3 Bedroom | $40 | $2,960 | $3,000 |
| 4 Bedroom | $300 | $3,350 | $3,650 |
Affordability — Palm Harbor, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $479,000 |
| Median Household Income | $87,700 |