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Hillsborough County Housing Market

Florida · 67 counties · Ranked #2762 in home value

Above National Avg

Housing at a Glance

Median Home Value

$333,300

vs national+$333,300 vs $281,900 national

Median Gross Rent

$1,543/mo

vs national+$1,543 vs $1,163 national

Effective Tax Rate

0.84%

vs national0.84% vs 1.02% national

Median Household Income

$75,011

vs national+$75,011 vs $74,755 national

Affordability Ratio

4.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,787

Tax as % of Home Value

0.84%

Monthly Owner Cost

$1,458

Renter Income

$53,485

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Similar Counties by Home Value

Northumberland County

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Frequently Asked Questions

What is the median home value in Hillsborough County?

The median home value in Hillsborough County is $333,300. This is above the national median of $281,900.

How much is rent in Hillsborough County?

The median gross rent in Hillsborough County is $1,543 per month.

What is the property tax rate in Hillsborough County?

The effective property tax rate in Hillsborough County is 0.84%. The median annual property tax bill is $2,787.

Is Hillsborough County affordable?

With a home-value-to-income ratio of 4.4x, Hillsborough County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.