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Housing Profile
Hillsborough County, Florida
- Population, 2007: 1192858. Hillsborough County ranks # 4 of Florida's 67 counties in population.
- Homeownership Rate, 2007: 64.6%. Statewide, Florida's homeownership rate is
70.4%.
Population Projections
- In 2030, Hillsborough County is projected to have a population of
1643402, ranking it # 4 of Florida's 67 counties.
Projected Total Population, Hillsborough County, 2007-2030
Housing Market
Existing Home Values (Based on County Property Appraisers' Just Value)
- Single Family Home, average just value, 2008: $198240. (Statewide, the average just value of a
single family home in Florida in 2008 was $248425).
- Mobile Home, average just value, 2008: $96426.
- Condominium, average just value, 2008: $143775.
* -100 means less than 25 observations
* -200 means less than 2/3 of observations have valid year built entries
* -300 means less than 2/3 of observations have valid square footage entries
* -400 means no observations
Home Sales Prices
- The average sales price for a single family home was $290618 in 2007.
The median sales price that year was $233450, compared to a statewide
median sales price of $240000.
-
* -100 means less than 25 observations.
* -200 means less than 2/3 of observations have valid entries for that year.
* -300 means less than 2/3 of observations have valid square footage entries.
* -400 means no observations.
Median Sales Price for Single Family Homes and Condominiums, Hillsborough County, 1996-2007
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| Place | Housing Type | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 |
| Hillsborough County | Condominiums | 59900 |
60000 |
64500 |
66000 |
68900 |
85000 |
83000 |
95000 |
125000 |
165000 |
158400 |
179900 |
| Hillsborough County | Single Family Homes | 95900 |
99850 |
108500 |
115100 |
124000 |
130000 |
139100 |
150900 |
168000 |
209000 |
237000 |
233450 |
Notes:
* -100 means less than 25 observations.
* -200 means less than 2/3 of observations have valid entries for that year.
* -300 means less than 2/3 of observations have valid square footage entries.
* -400 means no observations.
Sources: County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.
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Rents
- The median rent paid by Hillsborough County households in 2000 was $623 per month, compared to a statewide median rent of $641.
- In Hillsborough County and the surrounding metro area, the
HUD Fair Market Rent in 2009, representing rent for
a typical modest apartment, was $705 for a studio
apartment, $782 for a one-bedroom, $946 for a two-bedroom, $1199 for a
three-bedroom, and $1447 for a four-bedroom unit.
Households by Monthly Rent Paid, Hillsborough County,2000
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| Place | No Cash Rent | less than 200 | between 200 and 299 | between 300 and 499 | between 500 and 749 | between 750 and 999 | between 1000 and 1499 | 1500 or more |
| Hillsborough County | 5179 | 5300 |
3990 |
26786 |
60176 |
27080 |
9035 |
2432 |
Affordable Housing Needs
Cost Burden, General
- "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 127091 Hillsborough County households (27%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.
- 52850 households in Hillsborough County (11%) pay more than 50% of income for housing.
Households by Cost Burden, Hillsborough County, 2007
** The Household Demographic Data Access Tool allows users to combine any of the variables below
to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income
for housing by selecting household size, householder age, and
household income as indicators.
Homeowners and Renters
Households by Homeowner/Renter Status and Cost Burden, Hillsborough County, 2007
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
$56500 in 2008.
Households by Income and Cost Burden, Hillsborough County, 2007
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| Household Income as Percentage of Area Median Income |
Amount of Income Paid for Housing |
| 0-30% | 30-50% | 50% or more |
| <=30% AMI | 12350 | 5183 |
27219 |
| 30.01-50% AMI | 15059 | 17360 |
14075 |
| 50.01-80% AMI | 41569 | 26361 |
7453 |
| 80.01+% AMI | 271597 | 25337 |
4103 |
| Total | 340575 | 74241 |
52850 |
Notes:
Housing Needs Assessment - Population and Household Projection Methodology User Guide.
Click here to get household projections by tenure,
age of householder, income, and cost burden.
Sources: Not Available.
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** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try
the Household Demographic Data Access Tool.
Elderly Households
- 91876 households in Hillsborough County (19.6%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.
- 146698 of elderly households in Hillsborough County (79.7%) own their homes.
- 26652 elderly households (29%) pay more than 30% of income for rent or mortgage costs.
Elderly Households by Age and Cost Burden, Hillsborough County, 2007
** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.
Size of Households
- 281011 households in Hillsborough County (60%) are made up of 1-2 persons in 2007. 29% of these households pay more than 30% of income for rent or mortgage costs.
- 141670 households in Hillsborough County (30%%) are made up of 3-4 persons in 2007. 24% of these households pay more than 30% of income for rent or mortgage costs.
- 44981 households in Hillsborough County (10%%) are made up of 5 persons or more in 2007. 25% of these households pay more than 30% of income for rent or mortgage costs.
Households by Size and Cost Burden, Hillsborough County, 2007
** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.
Disability and Affordable Housing Need
- In 2000, 46430 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.
Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Hillsborough County, 2000
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| Amount of Income Paid for Housing |
| 0-29.9% | 30-49.9% | 50+ % |
| 15450 | 12670 |
18310 |
Single Family Home Size and Age
- In 2008, the median size for a new single-family home in Hillsborough County was 2005 square feet.
Year Structure Built, Hillsborough County, 2000
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| 1939 and earlier | 1940s | 1950s | 1960s | 1970s | 1980s | 1990s | Place |
| 18266 |
16273 |
41889 |
53073 |
86714 |
112302 |
97445 |
Hillsborough County |
Substandard Housing
Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,
- 24436 housing units (6.2%
of all units) in Hillsborough County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.
- 3217 units (0.8%) in Hillsborough County did not use home heating fuel, compared to a statewide percentage of 1.8%.
- 1618 units (0.4%) in Hillsborough County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.
- 1924 units (0.5%) in Hillsborough County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.
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