Hillsborough County, Florida Housing Market
In Hillsborough County, Florida, the median home value is $371,500, with a median monthly rent of $1,667. This places Hillsborough County at #362 nationally out of 3134 counties by median home value, and #15 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,505
- Establishments: 56,942
- BLS QCEW, 2025
Housing Supply
- Single-family: 4,295
- Multi-family: 4,401
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 616,984 (avg $93,052)
- Outflow: 599,545 (avg $92,817)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Hillsborough County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 33534 | 450.9 | — | 2025 |
| 2 | 33647 | 307.9 | — | 2025 |
| 3 | 33558 | 324.6 | -16.63% | 2025 |
| 4 | 33626 | 325.7 | -5.67% | 2025 |
| 5 | 33634 | 415.3 | -11.81% | 2025 |
| 6 | 33547 | 321.4 | -13.35% | 2025 |
| 7 | 33606 | 529.0 | +15.23% | 2025 |
| 8 | 33565 | 358.2 | +8.84% | 2025 |
| 9 | 33592 | 307.6 | -5.28% | 2025 |
| 10 | 33540 | 333.6 | +6.77% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hillsborough County Compares
| Metric | Hillsborough County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $371,500 | $284,325 | $227,706 |
| Median Gross Rent | $1,667 | $1,303 | $968 |
| Owner Occupancy Rate | 61.5% | 74.6% | 73.3% |
| Price/Rent Ratio | 18.6 | 17.6 | 18.7 |
Market Analysis
The median home value in Hillsborough County is 30.7% above the Florida state average and 63.1% above the U.S. national average. The median rent of $1,667/month is 27.9% above the state average.
With a price-to-rent ratio of 18.6, the buy-vs-rent decision in Hillsborough County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Hillsborough County has an owner-occupancy rate of 61.5%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Custer County | South Dakota | $372,100 | $1,112 |
| Franklin County | Idaho | $372,600 | $894 |
| Lincoln County | Wyoming | $372,600 | $960 |
| Madison County | Virginia | $370,300 | $1,166 |
| Sussex County | New Jersey | $369,400 | $1,585 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Flagler County | $364,900 | $1,722 | 83.0% |
| Lee County | $362,200 | $1,712 | 74.3% |
| Nassau County | $382,800 | $1,526 | 82.7% |
| Sumter County | $385,400 | $1,269 | 87.6% |
| Seminole County | $386,900 | $1,783 | 66.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).