The typical owner-occupied home in Tarpon Springs is worth about $340,700, 5% below the Florida median of $359,000 and about the same as the national median of $332,700. Owners pay a median $2,761 a year in property taxes, about 0.81% of their home's value, higher than the Florida rate of 0.76%. The median household earns $79,529 a year, so the median home costs 4.3 times the median income (4.8 times for Florida). 81% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Tarpon Springs at a glance
| Tarpon Springs | Florida | U.S. | |
|---|---|---|---|
| Median home value | $340,700 | $359,000 | $332,700 |
| Median property tax paid per year | $2,761 | $2,730 | $3,119 |
| Property tax as a share of value | 0.81% | 0.76% | 0.94% |
| Median household income | $79,529 | $74,568 | $80,734 |
| Homes lived in by their owners | 81% | 68% | 65% |
| Owner homes with a mortgage | 54% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,218 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 28.0% | 23.6% | 21.0% |
| Median rent | $1,298 | $1,669 | $1,413 |
| Rent as a share of renters' income | 32.5% | 35.2% | 30.6% |
| Median year homes were built | 1984 | 1988 | 1980 |
| Vacant homes | 10.9% | 14.7% | 10.1% |
| Population | 25,791 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Tarpon Springs
At this week's average 30-year rate of 7.11%, buying the median Tarpon Springs home of $340,700 with 20% down costs about $2,205 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,773, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $94,520 for the 20%-down payment. That payment is 33% of the median Tarpon Springs household income of $79,529; at that income and 20% down, the 28% guideline points to a home of about $287,000.
The median rent here is $1,298 a month, so owning the median home costs about $907 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $68,140 |
|---|---|
| Loan amount | $272,560 |
| Principal and interest | $1,834 |
| Property taxes (0.81% a year) | $230 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| PMI | $0 |
| Total per month | $2,205 |
Change the numbers in the calculator
| Down payment | $11,924 |
|---|---|
| Loan amount | $334,529 |
| Principal and interest | $2,250 |
| Property taxes (0.81% a year) | $230 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| FHA mortgage insurance | $151 |
| Total per month | $2,773 |
Change the numbers in the calculator
Questions about home buying in Tarpon Springs
What is the median home value in Tarpon Springs?
About $340,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tarpon Springs?
Homeowners pay a median $2,761 a year, which is about 0.81% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Tarpon Springs?
For the median home with 20% down at 7.11%, the payment is about $2,205 a month. Keeping that under 28% of gross income takes about $94,520 a year.
More about Tarpon Springs
- Mortgage Refinance in Tarpon Springs
- Debt Relief in Tarpon Springs
- Home Equity Loans in Tarpon Springs
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data