Palm Harbor, Florida Housing Market Prices
Palm Harbor 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 33% below the Florida median$209,218
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Median rent 8% above the Florida median$1,797
Housing Market Overview
| Metric | Palm Harbor | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,218 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,797 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Palm Harbor is about 33% lower than in Florida. Rent is about 8% 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 Palm Harbor, up about 11.5% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Palm Harbor rose about 63.6% between 2015 and 2024, from $1,098 to $1,797. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Palm Harbor.
Buying the median-priced home in Palm Harbor costs roughly 9.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Palm Harbor. The price-to-rent ratio in Florida is about 15.6.
| Metric | Palm Harbor | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,218 | $311,338 | $248,835 |
| Median Household Income | $79,658 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Palm Harbor rose about 118.3%, while median household income rose about 33.6% 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 | Palm Harbor | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.9% | 57.7% | 58.5% |
| Rental Rate | 20.0% | 27.7% | 31.2% |
| Vacancy Rate | 11.1% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Palm Harbor has a homeownership rate of 68.9%, higher than the Florida average of 57.7%. Its housing vacancy rate is 11.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | Palm Harbor | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1988 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Palm Harbor was built around 1985. On average, 2.2 people live in a home with about 5.1 rooms, staying for about 13.0 years on average.
Palm Harbor, FL Housing Compared With Nearby Cities
How Palm Harbor, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Palm Harbor, FL | 57,735 | $209,218 #2/2 | $1,797 #1/2 | 77.5% #1/2 |
| Dunedin, FL | 36,661 | $303,605 | $1,674 | 73.8% |
Frequently Asked Questions
Common questions about the housing market in Palm Harbor, Florida.
What is the median home price in Palm Harbor, Florida?
The median home price in Palm Harbor, Florida is $209,218, lower than the Florida average of $311,338.
What is the average home price in Palm Harbor, Florida?
The typical home price in Palm Harbor, Florida, reported as the median sale price, is $209,218. 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 Palm Harbor, Florida?
The median gross rent in Palm Harbor, Florida is $1,797 per month, higher than the Florida average of $1,668.
What was the median gross rent in Palm Harbor in 2020?
In 2020, the median gross rent in Palm Harbor, Florida was $1,376 per month.
What is the price-to-rent ratio in Palm Harbor, Florida?
The price-to-rent ratio in Palm Harbor, Florida is about 9.7, meaning it would take roughly 9.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Palm Harbor.
Are home prices or rent rising faster in Palm Harbor, Florida?
Both home prices and rent are rising in Palm Harbor, up about 11.5% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Palm Harbor, Florida?
68.9% of households in Palm Harbor, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Palm Harbor, Florida?
The housing vacancy rate in Palm Harbor, Florida is 11.1%, lower than the Florida average of 14.6%.
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