Carrollwood, Florida Housing Market Prices
Carrollwood Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 69% above the Florida median$525,449
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Median rent 3% above the Florida median$1,710
Housing Market Overview
| Metric | Carrollwood | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $525,449 | $311,338 | $248,835 |
| Price Trend (Annual %) | 34.7% | 11.2% | 7.5% |
| Median Gross Rent | $1,710 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carrollwood is about 69% higher than in Florida. Rent is about 3% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Carrollwood, up about 34.7% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Carrollwood rose about 69.5% between 2015 and 2024, from $1,009 to $1,710. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 6.2 yearly household incomes in Carrollwood.
Buying the median-priced home in Carrollwood costs roughly 25.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carrollwood. The price-to-rent ratio in Florida is about 15.6.
| Metric | Carrollwood | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $525,449 | $311,338 | $248,835 |
| Median Household Income | $84,172 | $74,580 | $80,455 |
| Price-to-Income Ratio | 6.2 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carrollwood rose about 495.8%, while median household income rose about 30.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Carrollwood | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 57.7% | 58.5% |
| Rental Rate | 30.7% | 27.7% | 31.2% |
| Vacancy Rate | 3.3% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Carrollwood has a homeownership rate of 66.0%, higher than the Florida average of 57.7%. Its housing vacancy rate is 3.3%, compared with 14.6% in Florida.
Housing Stock
| Metric | Carrollwood | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1982 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Carrollwood was built around 1982. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Carrollwood, FL Housing Compared With Nearby Cities
Carrollwood, FL is typical in size for this group, 37,566 residents against a local median of 35,150, so the measures below are close to a like for like comparison. The measure that sets Carrollwood, FL apart most is median home price: $525,449, 20% above the local median of $436,461.
Homeownership tells the same story from another angle: 68.3% against a local median of 58.8%, 16% above it. The one measure here that carries a verdict is homeownership, and at 16% above the local median it puts Carrollwood, FL at the better end of the local range. The cities themselves spread $404,186 on median home price, so Carrollwood, FL sits at one end of an already wide local range rather than apart from it. Carrollwood, FL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carrollwood, FL | 37,566 | $525,449 #1/4 | $1,710 #2/4 | 68.3% #2/4 |
| Egypt Lake-Leto, FL | 35,150 | $436,461 | $1,480 | 45.5% |
| Lake Magdalene, FL | 31,109 | $453,210 | $1,432 | 72.2% |
| Town 'n' Country, FL | 84,768 | $49,025 | $1,762 | 58.8% |
Frequently Asked Questions
Common questions about the housing market in Carrollwood, Florida.
What is the median home price in Carrollwood, Florida?
The median home price in Carrollwood, Florida is $525,449, higher than the Florida average of $311,338.
What is the average home price in Carrollwood, Florida?
The typical home price in Carrollwood, Florida, reported as the median sale price, is $525,449. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Carrollwood, Florida?
The median gross rent in Carrollwood, Florida is $1,710 per month, higher than the Florida average of $1,668.
What was the median gross rent in Carrollwood in 2020?
In 2020, the median gross rent in Carrollwood, Florida was $1,221 per month.
What is the price-to-rent ratio in Carrollwood, Florida?
The price-to-rent ratio in Carrollwood, Florida is about 25.6, meaning it would take roughly 25.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carrollwood.
Are home prices or rent rising faster in Carrollwood, Florida?
Both home prices and rent are rising in Carrollwood, up about 34.7% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carrollwood, Florida?
66.0% of households in Carrollwood, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Carrollwood, Florida?
The housing vacancy rate in Carrollwood, Florida is 3.3%, lower than the Florida average of 14.6%.
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