Tarpon Springs, Florida Housing Market Prices
Tarpon Springs 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 9% above the Florida median$338,577
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Median rent 20% below the Florida median$1,333
Housing Market Overview
| Metric | Tarpon Springs | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,577 | $311,338 | $248,835 |
| Price Trend (Annual %) | 25.3% | 11.2% | 7.5% |
| Median Gross Rent | $1,333 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tarpon Springs is about 9% higher than in Florida. Rent is about 20% 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 Tarpon Springs, up about 25.3% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Tarpon Springs rose about 60.2% between 2015 and 2024, from $832 to $1,333. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Tarpon Springs.
Buying the median-priced home in Tarpon Springs costs roughly 21.2 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 Tarpon Springs. The price-to-rent ratio in Florida is about 15.6.
| Metric | Tarpon Springs | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,577 | $311,338 | $248,835 |
| Median Household Income | $76,750 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tarpon Springs rose about 17.0%, while median household income rose about 47.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tarpon Springs | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.0% | 57.7% | 58.5% |
| Rental Rate | 17.0% | 27.7% | 31.2% |
| Vacancy Rate | 11.0% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Tarpon Springs has a homeownership rate of 72.0%, higher than the Florida average of 57.7%. Its housing vacancy rate is 11.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Tarpon Springs | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.11 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1981 | 1988 | 1978 |
| Median Number of Rooms | 5.2 | 5.2 | 5.5 |
The typical housing unit in Tarpon Springs was built around 1981. On average, 2.1 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Tarpon Springs, FL Housing Compared With Nearby Cities
How Tarpon Springs, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tarpon Springs, FL | 20,755 | $338,577 #1/3 | $1,333 #2/3 | 80.9% #1/3 |
| Holiday, FL | 22,615 | $217,184 | $1,238 | 66.1% |
| Palm Harbor, FL | 57,735 | $209,218 | $1,797 | 77.5% |
Frequently Asked Questions
Common questions about the housing market in Tarpon Springs, Florida.
What is the median home price in Tarpon Springs, Florida?
The median home price in Tarpon Springs, Florida is $338,577, higher than the Florida average of $311,338.
What is the average home price in Tarpon Springs, Florida?
The typical home price in Tarpon Springs, Florida, reported as the median sale price, is $338,577. 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 Tarpon Springs, Florida?
The median gross rent in Tarpon Springs, Florida is $1,333 per month, lower than the Florida average of $1,668.
What was the median gross rent in Tarpon Springs in 2020?
In 2020, the median gross rent in Tarpon Springs, Florida was $958 per month.
What is the price-to-rent ratio in Tarpon Springs, Florida?
The price-to-rent ratio in Tarpon Springs, Florida is about 21.2, meaning it would take roughly 21.2 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 Tarpon Springs.
Are home prices or rent rising faster in Tarpon Springs, Florida?
Both home prices and rent are rising in Tarpon Springs, up about 25.3% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tarpon Springs, Florida?
72.0% of households in Tarpon Springs, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Tarpon Springs, Florida?
The housing vacancy rate in Tarpon Springs, Florida is 11.0%, lower than the Florida average of 14.6%.
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