Pasco County, Florida Housing Market Prices
Pasco County 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 23% below the Florida median$239,239
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Median rent 10% below the Florida median$1,505
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pasco County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,239 | $311,338 | $248,835 |
| Price Trend (Annual %) | 16.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,505 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pasco County is about 23% lower than in Florida. Rent is about 10% lower 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 Pasco County, up about 16.8% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Pasco County rose about 62.0% between 2015 and 2024, from $929 to $1,505. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Pasco County.
Buying the median-priced home in Pasco County costs roughly 13.2 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 Pasco County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Pasco County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,239 | $311,338 | $248,835 |
| Median Household Income | $70,925 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pasco County rose about 218.2%, while median household income rose about 53.7% 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 | Pasco County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.8% | 57.7% | 58.5% |
| Rental Rate | 21.1% | 27.7% | 31.2% |
| Vacancy Rate | 13.1% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Pasco County has a homeownership rate of 65.8%, higher than the Florida average of 57.7%. Its housing vacancy rate is 13.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | Pasco County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1988 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Pasco County was built around 1993. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Pasco County, FL Housing Compared With Nearby Counties
Pasco County, FL is the 3rd largest of the 6 counties compared here, 611,333 residents against a local median of 207,007. Pasco County, FL's median rent, at $1,505, runs 16% above the $1,297 typical of the counties around it.
Median home price tells the same story from another angle: $239,239 against a local median of $281,927, 15% below it. The counties themselves spread $560 on median rent, so Pasco County, FL sits at one end of an already wide local range rather than apart from it. Pasco County, FL has the 3rd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pasco County, FL | 611,333 | $239,239 #5/6 | $1,505 #3/6 | 75.7% #4/6 |
| Hernando County, FL | 207,007 | $263,027 | $1,297 | 82.5% |
| Hillsborough County, FL | 1,519,188 | $343,045 | $1,667 | 61.4% |
| Pinellas County, FL | 961,969 | $281,927 | $1,642 | 69.5% |
| Citrus County, FL | 162,471 | $171,305 | $1,107 | 85.2% |
| Sumter County, FL | 143,408 | $342,264 | $1,269 | 87.6% |
Frequently Asked Questions
Common questions about the housing market in Pasco County, Florida.
What is the median home price in Pasco County, Florida?
The median home price in Pasco County, Florida is $239,239, lower than the Florida average of $311,338.
What is the average home price in Pasco County, Florida?
The typical home price in Pasco County, Florida, reported as the median sale price, is $239,239. 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 Pasco County, Florida?
The median gross rent in Pasco County, Florida is $1,505 per month, lower than the Florida average of $1,668.
What was the median gross rent in Pasco County in 2020?
In 2020, the median gross rent in Pasco County, Florida was $1,092 per month.
What is the price-to-rent ratio in Pasco County, Florida?
The price-to-rent ratio in Pasco County, Florida is about 13.2, meaning it would take roughly 13.2 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 Pasco County.
Are home prices or rent rising faster in Pasco County, Florida?
Both home prices and rent are rising in Pasco County, up about 16.8% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pasco County, Florida?
65.8% of households in Pasco County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Pasco County, Florida?
The housing vacancy rate in Pasco County, Florida is 13.1%, lower than the Florida average of 14.6%.
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