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Housing Profile
Pasco County, Florida
  • Population, 2015: 487590. Pasco County ranks # 12 of Florida's 67 counties in population.
  • Households, 2015: 200152
  • Homeownership Rate, 2015: 77.4%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Pasco County is projected to have a population of 718901, ranking it # 10 of Florida's 67 counties.

Projected Total Population, Pasco County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Pasco County 464697 487590 540399 589997 635299 678107 718901
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, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Pasco County 919 998
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, 2010-2014 American Community Survey 5-Year Summary File
  • In Pasco County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $668 for a studio apartment, $795 for a one-bedroom, $992 for a two-bedroom, $1319 for a three-bedroom, and $1575 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, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Pasco County 438 643 2288 9294 13167 12762 4713 2486 45791
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, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 95 licensed manufactured housing parks in Pasco with 11833 lots in 2012.
  • There are 199 licensed condominium developments in Pasco with 13723 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, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Pasco County Pasco One to four-family (other than manufactured housing) 20264 16987 7753 4783 4094 3797 3772 7189 8218 9887
Pasco County Pasco Manufactured housing 865 765 566 350 180 186 129 267 359 383
Pasco County Pasco Multifamily 14 8 7 3 3 1 1 6 14 6
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

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 2015, 71925 Pasco County households (36%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 34168 households in Pasco County (17%) pay more than 50% of income for housing.

Households by Cost Burden, Pasco County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 128227 37757 34168
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, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 106537 26276 22037
Renter 21690 11481 12131
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 $59200 in 2016.

Households by Income and Cost Burden, Pasco County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 2026 1654 14673
30.01-50% AMI 7314 6800 9520
50.01-80% AMI 18359 11435 5865
80.01+% AMI 100528 17868 4110
Total 128227 37757 34168
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 68871 households in Pasco County (34.4%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 60410 of elderly households in Pasco (87.7%) own their homes.
  • 20420 elderly households (30%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Pasco County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 48451 10594 9826
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, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Pasco County 59778 37547 51779 55639 15566 6205 1907 2195 230616 25.9 16.3 22.5 24.1 6.7 4.5
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, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Pasco County, 2010-2014 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 3580 1.9 1342 0.7 2806 1.2 1833 0.8
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, 2010-2014 American Community Survey 5-Year Summary File