Tarpon Springs, FL—34688
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Tarpon Springs, FL
Home Price Trends — Tarpon Springs, FL
As of Oct '25, the median home price in Tarpon Springs, FL is $568,000, with a year-over-year change of -5.9%. This indicates that home prices in Tarpon Springs, 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 | $568,000 | -5.9% |
| Single Family | $655,000 | -5.3% |
| Condos | $168,000 | -15.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | -14.0% |
3 Bed | $519,000 | -6.8% |
4 Bed | $729,000 | -5.1% |
| 5 Bed | $1,123,000 | -3.2% |
% of Housing Stock
Rental Trends — Tarpon Springs, FL
As of July '25, Rentcast reports the average rent in Tarpon Springs, FL is $3,210, with a year-over-year rent change of 18.9%. Per bedroom, the median rent as of July '25 in Tarpon Springs, FL is 1-bedrooms: $1,500, 2-bedrooms: $2,420, 3-bedrooms: $3,380, 4-bedrooms: $4,230. The most common rental property sizes in Tarpon Springs, FL are 2-bedroom and 3-bedroom, accounting for 78.8% and 9.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,980 | $3,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,500 |
| 2 Bed Rent | $2,100 | $2,420 |
| 3 Bed Rent | $3,200 | $3,380 |
| 4 Bed Rent | $3,460 | $4,230 |
% of Rental Stock
Property Listings — Tarpon Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Tarpon Springs, FL is 85. This is a increase of 14.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $592,000 | 3.0% |
Listing Count | 94 | 7.0% |
| Listings as % of Homes | 1.4% | 7.0% |
Days on Market | 85 | 14.0% |
Demographics — Tarpon Springs, FL
As of the latest ACS Survey released in 2023, Tarpon Springs, FL has a population of 8,770, which has increased by 34.9% over the past 5 years. Tarpon Springs, FL is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 47.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,770 | 34.9% |
% Under 18 | 17.0% | 9.0% |
% Seniors | 25.7% | -13.2% |
% WFH | 20.7% | 117.9% |
% w/ College Degree | 47.3% | 3.1% |
As of the latest ACS Survey released in 2023, Tarpon Springs, FL is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Tarpon Springs, FL is hispanic, making up 8.1% of the population. Foreign-born residents account for 14.7% of the population in Tarpon Springs, FL, and this percentage has increased by 40.0% 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 | 82.0% | -9.2% |
% Black | 1.9% | 280.0% |
% Hispanic | 8.1% | 28.6% |
% Asian | 4.3% | 104.8% |
% Foreign Born | 14.7% | 40.0% |
Mortgage and Risk — Tarpon Springs, FL
According to HUD data as of 2023, there were 53 mortgage originations in Tarpon Springs, FL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Tarpon Springs, FL. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 53 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Tarpon Springs, FL
As of 2024, the percent of homes in Tarpon Springs, FL under the Section 8 program is 1.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Tarpon Springs, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,400 | $1,810 |
| 2 Bedroom | $20 | $2,100 | $2,120 |
| 3 Bedroom | -$490 | $3,200 | $2,710 |
| 4 Bedroom | -$160 | $3,460 | $3,300 |
Affordability — Tarpon Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $568,000 |
| Median Household Income | $111,000 |