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Housing Profile
Pasco County, Florida
  • Population, 2016: 495869. Pasco County ranks # 12 of Florida's 67 counties in population.
  • Households, 2016: 203978
  • Homeownership Rate, 2016: 77.4%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Pasco County is projected to have a population of 686003, ranking it # 10 of Florida's 67 counties.

Projected Total Population, Pasco County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Pasco County 464697 495869 534801 579797 618301 653900 686003
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: $135869. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $41971.
  • Condominium, average just value, 2016: $55786.

Home Sales Prices

  • The average sales price for a single family home was $175658 in 2016. The median sales price that year was $160000, 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, Pasco 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
Pasco County Single Family Homes 70000 70000 76800 82500 87000 107500 123700 137300 155500 195000 233000 205100 158000 142000 135000 126000 122000 127000 145000 153000 160000
Pasco County Condominiums 45250 46000 46000 48000 48750 52500 61500 65000 77500 105000 129900 112100 80000 62950 55000 44700 43000 45000 52000 49500 55000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

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

Place Median Gross RentState Median Gross Rent
Pasco County, Florida 930 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 Pasco 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, Pasco 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
Pasco County 382 652 2585 9816 13259 14019 3941 1056 208 79 51 2805 48853
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 94 licensed manufactured housing parks in Pasco with 11752 lots in 2012.
  • There are 198 licensed condominium developments in Pasco with 13693 units in 2012. Of these, 11 properties with 1307 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

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

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Pasco County Pasco One to four-family (other than manufactured housing) 20264 16987 7753 4783 4094 3797 3772 7189 8218 9887 12735
Pasco County Pasco Manufactured housing 865 765 566 350 180 186 129 267 359 383 491
Pasco County Pasco Multifamily 14 8 7 3 3 1 1 6 14 6 10
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, 73248 Pasco County households (36%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 34787 households in Pasco County (17%) pay more than 50% of income for housing.

Households by Cost Burden, Pasco County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 130730 38461 34787
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, Pasco County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 108657 26773 22443
Renter 22073 11688 12344
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 Pasco 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, Pasco 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 2067 1688 14933
30.01-50% AMI 7478 6948 9705
50.01-80% AMI 18766 11651 5973
80.01+% AMI 102419 18174 4176
Total 130730 38461 34787
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 70846 households in Pasco County (34.7%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 62134 of elderly households in Pasco (87.7%) own their homes.
  • 21025 elderly households (30%) pay more than 30% of income for rent or mortgage costs.

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

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 49821 10905 10120
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 Pasco County was 2437 square feet.

Year Structure Built, Pasco 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
Pasco County 4116 55640 38297 50420 57982 15350 5562 2091 2154 231612 1.8 24.0 16.5 21.8 25.0 6.6 4.2
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), Pasco 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 (%)
Pasco County 3687 2.0 1306 0.7 2854 1.2 1653 0.7
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