:|
:|
:|
:|
 
spacer
Housing Profile
Hillsborough County, Florida
  • Population, 2016: 1352793. Hillsborough County ranks # 4 of Florida's 67 counties in population.
  • Households, 2016: 528343
  • Homeownership Rate, 2016: 61.5%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Hillsborough County is projected to have a population of 1919902, ranking it # 3 of Florida's 67 counties.

Projected Total Population, Hillsborough County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Hillsborough County 1229226 1352793 1466898 1602899 1722895 1824901 1919902
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $180356. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $57101.
  • Condominium, average just value, 2016: $101877.

Home Sales Prices

  • The average sales price for a single family home was $247465 in 2016. The median sales price that year was $199900, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Hillsborough County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Hillsborough County Single Family Homes 95900 99850 108500 115100 124000 130000 139100 150900 168000 209000 237000 233450 184100 155000 151200 145000 151000 178000 180000 198500 199900
Hillsborough County Condominiums 59900 60000 64500 66000 68900 85000 83000 95000 125000 165000 158400 179900 145000 70950 59900 55000 68000 75000 83000 90000 107000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Hillsborough County, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Hillsborough County, Florida 965 1002
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File
  • In Hillsborough County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $714 for a studio apartment, $815 for a one-bedroom, $1014 for a two-bedroom, $1341 for a three-bedroom, and $1609 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Hillsborough County, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Hillsborough County 1621 3534 7871 34149 58851 63431 17450 4886 1727 916 435 6922 201793
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 164 licensed manufactured housing parks in Hillsborough with 18208 lots in 2012.
  • There are 642 licensed condominium developments in Hillsborough with 43589 units in 2012. Of these, 119 properties with 19291 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Hillsborough County County, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Hillsborough County County Hillsborough County One to four-family (other than manufactured housing) 48959 40958 20122 11283 9838 9776 9727 4122 5032 5561 6806
Hillsborough County County Hillsborough County Manufactured housing 724 655 492 332 127 178 108 73 84 97 107
Hillsborough County County Hillsborough County Multifamily 87 49 19 18 11 8 18 15 18 19 26
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

Foreclosures and Serious Delinquencies

  • The Tampa-St. Petersburg-Clearwater MSA had a foreclosure rate for 1-4 unit homes of 10.86% and a serious delinquency (90+ day) rate of 3.94% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2016, 214528 Hillsborough County households (41%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 104540 households in Hillsborough County (20%) pay more than 50% of income for housing.

Households by Cost Burden, Hillsborough County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 313815 109988 104540
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Hillsborough County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 220661 58974 45111
Renter 93154 51014 59429
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Hillsborough County and the surrounding metro area, the HUD-estimated median income for a family of four is $59800 in 2017.

Households by Income and Cost Burden, Hillsborough County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 5508 4576 46804
30.01-50% AMI 10743 14533 27727
50.01-80% AMI 27519 34659 17809
80.01+% AMI 270045 56220 12200
Total 313815 109988 104540
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 113105 households in Hillsborough County (21.4%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 88648 of elderly households in Hillsborough (78.4%) own their homes.
  • 41817 elderly households (37%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Hillsborough County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 71288 20132 21685
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Hillsborough County was 2085 square feet.

Year Structure Built, Hillsborough County, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Hillsborough County 14469 125891 96180 110369 82269 49487 40848 12359 17152 549024 2.6 22.9 17.5 20.1 15.0 9.0 12.8
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Hillsborough County, 2011-2015 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Hillsborough County 16152 3.3 3908 0.8 7618 1.4 5546 1.0
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File