Safety Harbor, FL—34695
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Safety Harbor, FL
As of Oct '25, the median home price in Safety Harbor, FL is $491,000, with a year-over-year change of -6.2%. This indicates that home prices in Safety Harbor, 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 | $491,000 | -6.2% |
| Single Family | $523,000 | -5.9% |
| Condos | $247,000 | -8.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | -8.3% |
3 Bed | $509,000 | -5.7% |
4 Bed | $742,000 | -3.4% |
| 5 Bed | $1,033,000 | -1.8% |
% of Housing Stock
Rental Trends — Safety Harbor, FL
As of July '25, Rentcast reports the average rent in Safety Harbor, FL is $2,720, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Safety Harbor, FL is studios: $1,500, 1-bedrooms: $1,810, 2-bedrooms: $2,180, 3-bedrooms: $3,090, 4-bedrooms: $4,000. The most common rental property sizes in Safety Harbor, FL are 2-bedroom and 3-bedroom, accounting for 39.1% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,470 | $2,720 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,560 | $1,810 |
| 2 Bed Rent | $2,100 | $2,180 |
| 3 Bed Rent | $2,900 | $3,090 |
| 4 Bed Rent | $3,500 | $4,000 |
% of Rental Stock
Property Listings — Safety Harbor, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Safety Harbor, FL is 67. This is a decrease of -2.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $619,000 | 0.0% |
Listing Count | 125 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 67 | -2.0% |
Demographics — Safety Harbor, FL
As of the latest ACS Survey released in 2023, Safety Harbor, FL has a population of 17,900, which has decreased by -1.2% over the past 5 years. Safety Harbor, FL is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | -1.2% |
% Under 18 | 18.1% | -1.1% |
% Seniors | 25.8% | 17.3% |
% WFH | 22.4% | 163.5% |
% w/ College Degree | 45.5% | 9.4% |
As of the latest ACS Survey released in 2023, Safety Harbor, FL is a predominantly white area, with 75.0% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Safety Harbor, FL is hispanic, making up 10.7% of the population. Foreign-born residents account for 10.3% of the population in Safety Harbor, FL, and this percentage has increased by 10.8% 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 | 75.0% | -10.0% |
% Black | 7.3% | 52.1% |
% Hispanic | 10.7% | 39.0% |
% Asian | 2.2% | 4.8% |
% Foreign Born | 10.3% | 10.8% |
Mortgage and Risk — Safety Harbor, FL
According to HUD data as of 2023, there were 343 mortgage originations in Safety Harbor, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Safety Harbor, FL. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 343 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Safety Harbor, FL
As of 2024, the percent of homes in Safety Harbor, FL under the Section 8 program is 1.5%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Safety Harbor, FL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,560 | $1,920 |
| 2 Bedroom | $150 | $2,100 | $2,250 |
| 3 Bedroom | -$20 | $2,900 | $2,880 |
| 4 Bedroom | $10 | $3,500 | $3,510 |
Affordability — Safety Harbor, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $491,000 |
| Median Household Income | $96,100 |