Hillsborough County, FL

Comprehensive housing, income, and cost of living data for Hillsborough County, Florida. Population: 1.5M.

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Median Home Price

$383.5K

Based on 50 cities

Median Household Income

$75.0K

Annual household income

Price-to-Income Ratio

5.1x

Less affordable

Salary Needed to Buy

$99.9K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$2,787

Average annual amount

Effective Tax Rate

0.73%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,939

Property Tax$232

Insurance$160

Total Monthly$2,331

Historical Home Prices

2015

$180.2K

2016

$197.5K

+9.6%%

2017

$214.3K

+8.5%%

2018

$228.8K

+6.8%%

2019

$238.4K

+4.2%%

2020

$262.4K

+10.0%%

2021

$327.3K

+24.8%%

2022

$389.4K

+19.0%%

2023

$391.5K

+0.5%%

2024

$387.7K

-1.0%%

2025

$370.7K

-4.4%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.4%%

Below national average

Population Density

1,437

People per square mile

Homicide Rate

5.8

Low (per 100K residents)

Political Lean (2020)

Competitive

D+0

Racial Demographics

White

45.8%

Black

15.6%

Hispanic

29.7%

Asian

4.3%

Two or More Races

3.7%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

73°F

Annual average

Sunny Days

220

Days per year

Annual Rainfall

53.6"

Inches per year

Natural Disaster Risk

High Risk

Score: 99/100

January Low

21°F

Average winter low

July High

85°F

Average summer high

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