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Pasco County, FL

RANK #970 / 996  ·  POP 569,211  ·  FL

PROJECTED GROWTH: -4.0%

Pasco County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Pasco County?

Known for its extensive natural landscapes, Pasco County, Florida, offers a blend of coastal access and inland wilderness. Located just north of Tampa, it provides a quieter alternative to the nearby city, with a commute of about 30 miles. The county features 20 miles of shoreline, including barrier islands with beaches, and numerous parks and preserves like Jay B. Starkey Wilderness Park and Werner-Boyce Salt Springs State Park. These areas provide opportunities for hiking, biking, kayaking, and wildlife viewing. Towns like New Port Richey offer a historic riverfront feel, while Zephyrhills is known for its spring water and skydiving.

Pasco County's quality of life attracts families, retirees, and remote workers seeking a balance of natural beauty and suburban amenities. The public school system serves over 85,000 students across more than 100 schools. While many residents historically commuted to Tampa or St. Petersburg, the local economy is expanding. Recent developments include growth in commercial and residential sectors, as well as investments in industrial, logistics, and manufacturing. The county also has a public transportation system, GoPasco, offering fixed bus routes and paratransit services.

[02] Market Snapshot

Housing Ratio
7.1x

Overvalued relative to economy

GDP Growth
+5.3%

Well above national median

Home Prices
-4.7%

Prices declining

Climate & Terrain
3.4

Favorable climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks overvalued at 7.1x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Pasco County U.S. National

The Numbers

DEMOGRAPHICS
Population
569,211
+3.19% YoY
Median Household Income
$63,187
Median Home Value
$233,600
-4.66% 12mo
Median Rent
$1,282
Average Annual Pay
$55,908
+5.4% YoY
Employment
145,102
+3.1% YoY
Income-to-Home-Value
0.2705
More affordable than average
Migration Inflow
4.18%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$330,000
Days on Market
63
Slower market
Months of Supply
5.1
Buyer's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
12.2%
Listings w/ Price Drops
34.3%
Building Permits (2024)
6,765
Single-Family Permits
5,481

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,588M
TOTAL
PROJECT AMOUNT STATUS
Double Branch Master-Planned Development (formerly Pasco Town Center)
Columnar Holdings
$600M Under Construction
Shady Hills Combined Cycle Facility Project (573 MW)
Shady Hills Energy Center, LLC (Seminole Electric Cooperative, Inc.)
$573M Operating
Amazon Robotic Sortation Center (ARSC)
Amazon
$150M Under Construction
Solar Farm Portfolio (Mountain View & Juniper Solar)
Tampa Electric Co.
$125M Operating
MiTek Manufacturing Facility
MiTek
$80M Planned
Target Fulfillment Center
Target Corporate Office (NorthPoint Development)
$60M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.3% 85 percentile
Population Growth +3.2% 96 percentile
Income Growth +8.8% 58 percentile
Vacancy Rate 1.2% 44 percentile
Home Price Change -4.7% 3 percentile
Rent Growth -1.8% 2 percentile
Price/Rent 10x 92 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Pasco County, FL a good place to move to?

Pasco County has a Boom Town Index score of 3/100, ranking #970 among 996 U.S. counties. With job growth at +3.1% and a median household income of $63,187, it faces some economic headwinds compared to faster-growing counties.

Is Pasco County affordable?

The median home value in Pasco County is $233,600 with median rent at $1,282/month. The income-to-home-value ratio is 0.2705, which is more affordable than the national average.

Is Pasco County growing or shrinking?

Population growth: +3.2% year-over-year. Job growth: +3.1%. Home values changed -4.7% in the past 12 months.

Are people moving to Pasco County?

Yes — 4.18% of Pasco County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Greenville County, SC 13 Seminole County, FL 13 Terrebonne Parish, LA 13 Clayton County, GA 13 Worcester County, MD 13 Cleveland County, NC 13 Horry County, SC 13 Deschutes County, OR 13