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Affordable
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These days, finding an affordable place to live in the Lutz area can be challenging. Home prices in Lutz are now at a median cost of $496,789, higher than the Florida average of $396,783.
The average cost of rent is $1,835/mo in Lutz, primarily driven by the current value of real estate in the Lutz area. In Lutz, 26.98% of households rent, and 42.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lutz is $9,778 per month. Households that rent pay about 18.77% of their income on rent here. Lutz’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cheval, FL: higher priced homes
- Lake Magdalene, FL: less expensive homes
- University, FL: less expensive homes
- Northdale, FL: less expensive homes
- Land O' Lakes, FL: less expensive homes
- Citrus Park, FL: less expensive homes
- Temple Terrace, FL: less expensive homes
- Odessa, FL: higher priced homes
- Wesley Chapel, FL: less expensive homes
- Egypt Lake-Leto, FL: less expensive homes
Cities with Similar Populations
- Lisle, IL: less expensive homes
- Schererville, IN: less expensive homes
- Scaggsville, MD: equally priced homes
- Saugus, MA: higher priced homes
- San Ysidro, CA: equally priced homes
- Salem, NH: equally priced homes
- Ruston, LA: less expensive homes
- Riverside, NJ: less expensive homes
- Riverhead, NY: less expensive homes
- McMinnville, TN: less expensive homes
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