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City · 27,106 residents · Hillsborough County, Florida

Lutz , Florida

In Lutz, a typical home is worth $486,500 and typical rent is $1,823 a month. Compared with all of Hillsborough County, typical household income is 51% higher, the typical home value is 31% higher, and the share of households that own their home is 17 points higher.

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  • Typical home value

    $486,500

    31% above the county

    36% above Florida

    • Lutz
    • Hillsborough
    • Florida

  • Typical rent

    $1,823a month

    9% above the county

    9% above Florida

    • Lutz
    • Hillsborough
    • Florida

  • Typical household income

    $120,031a year

    51% above the county

    61% above Florida

    • Lutz
    • Hillsborough
    • Florida

  • Households that own their home

    79%

    17 points above the county

    11 points above Florida

    • Lutz
    • Hillsborough
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$486,345
about the same as 12 months ago
Typical rent
$2,046 a month
1.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lutz is in Hillsborough County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hillsborough County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lutz apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in University, the typical home value is $164,900: 66% less than in Lutz ($486,500).

  2. The typical household income in Lutz is $120,031, 51% more than in Hillsborough County as a whole ($79,540).

  3. 79% of households in Lutz own their home, against 61% in Hillsborough County.

  4. Nearby, in University, the typical rent is $1,295: 29% less than in Lutz ($1,823).

  5. The typical home in Lutz is worth $486,500, 31% more than in Hillsborough County as a whole ($371,500).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lutz

What homes there are in Lutz, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Lutz, 8 in 10 homes are single-family detached houses; in Hillsborough County, 6.

Year built

The typical year built in Lutz is 1990, about the same as in Hillsborough County (1991).

In Lutz, 79% of homes have 3 bedrooms or more, more than in Hillsborough County (60%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,360 a month

Hillsborough County: $2,003 a month

Without a mortgage

$798 a month

Hillsborough County: $657 a month

Owners with a mortgage

62%

Hillsborough County: 64%

In Lutz, 62% of owners have a mortgage, and their typical cost is $2,360 a month, against $2,003 in Hillsborough County. Without one it drops to $798.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Lutz rose 57% since 2015–2019, less than in Hillsborough County (72%).

Much as in Hillsborough County, the typical rent in Lutz rose 43% since 2015–2019.

The typical household income in Lutz rose 41% over that time; home values changed +57% and rent +43%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLutzHillsborough CountyFloridaUnited States
Rental vacancy Unreliable estimate6.4%7.6%5.5%
Homeowner vacancy Unreliable estimate1.1%1.4%0.9%
More than one person per room Unreliable estimate3.1%3.3%3.4%
People per household 2.792.562.512.53
Drive alone 69%67%70%69%
Carpool 5%9%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 25%21%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.79 on average, against 2.56 in Hillsborough County.

Many people here do not commute at all: 25% work from home; in Hillsborough County, 21%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lutz?

A typical home costs more than the typical income allows

We start with a typical home in Lutz, worth $486,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Lutz, which is $120,031 a year. For that payment to be 28% of income, a household would need to earn about $169,801 a year.

The calculator's FHA and conventional loan limits are those of all of Hillsborough County.

Your numbers

Local data
$

Starts at the typical home value in Lutz. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $17,028 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,962

at 7.18% · 30 years

Loan amount
$477,688
Total interest
$687,281
Paid off in
November 2056

Includes $8,216 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,801 a month

  • Tight

    $2,801 to $3,601 a month

  • Hard

    more than $3,601 a month

    Your payment · 40%

Compared with the typical household income in Lutz ($120,031 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,962
Principal & interest$3,236
Property tax$308
Home insurance$203
FHA mortgage insurance (MIP)$215

You need at least $17,028 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lutz and Hillsborough County

Lutz is in Hillsborough County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lutz's own numbers

Typical home value
$486,500
Typical monthly rent
$1,823
Typical yearly household income
$120,031
Households that own their home
79%
Effective property tax rate
0.76%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hillsborough County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,917
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
13%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hillsborough County.

Everything about Hillsborough County

Buying

Buying a home in Lutz

A typical home in Lutz is worth $486,500: 31% above the county and 36% above Florida. With the typical household income in Lutz ($120,031 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lutz 4.1 years
  • Hillsborough 4.7 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hillsborough County

According to FHFA’s house price index, home prices in Hillsborough County rose 140% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hillsborough County.

Period County Florida U.S.
Last year (2025) +1.7% −0.5% +2.9%
5 years (2020–2025) +63% +60% +47%
10 years (2015–2025) +140% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lutz next to Hillsborough County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lutz $486,500
  • Hillsborough $371,500
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Lutz $1,823
  • Hillsborough $1,667
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Lutz $120,031
  • Hillsborough $79,540
  • Florida $74,568
  • United States $80,734
See the full table
Lutz next to Hillsborough County and Florida
Measure Lutz Hillsborough County Florida U.S.
Typical home value $486,500 $371,500 $359,000 $332,700
Typical monthly rent $1,823 $1,667 $1,669 $1,413
Typical yearly household income $120,031 $79,540 $74,568 $80,734
Households that own their home 79% 61% 68% 65%
Typical yearly property tax $3,713 $3,010 $2,730 $3,119
Effective property tax rate 0.76% 0.81% 0.76% 0.94%
Renters with high rent for their income 65% 58% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hillsborough County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lutz

For a typical $486,500 home in Lutz, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lutz's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,962a month

    Least cash to close
    Down payment
    $17,028
    Cash to close
    $31,623
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $215

  • Conventional, 5% down $3,873a month

    Down payment
    $24,325
    Cash to close
    $38,920
    Rate
    7.18%
    Mortgage insurance
    PMI · $231

  • Conventional, 20% down, no PMI $3,147a month

    Down payment
    $97,300
    Cash to close
    $111,895
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,597a month

    Down payment
    $72,975
    Cash to close
    $87,570
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lutz and for Hillsborough County.

Property tax

Effective rate in Lutz

0.76%of the home’s value each year

$3,713 a year for the typical owner in Lutz.

  • Lutz 0.76%
  • Hillsborough 0.81%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Hillsborough County

FEMA does not publish these numbers by city: they are for all of Hillsborough County.

Homes in the high-risk zone
13%
56,828
Of those, with NFIP insurance
61%
County Florida U.S.
Homes in the high-risk zone 13% 13% 3.5%
Of those, with NFIP insurance 61% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lutz

Typical rent in Lutz is $1,823 a month: 9% above the county. In Lutz, 65% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hillsborough County, by unit size. To pay the 2-bedroom one ($1,917 a month) without spending more than 30% of your income, you would need to earn $36.87 an hour working full time.

HUD fair market rent for all of Hillsborough County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,597 $30.71 $63,880
1 bedroom $1,648 $31.69 $65,920
2 bedrooms $1,917 $36.87 $76,680
3 bedrooms $2,448 $47.08 $97,920
4 bedrooms $2,977 $57.25 $119,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lutz

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lutz has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,830 in 33559 to $2,410 in 33548.

2 of the 3 are above the fair market rent for Hillsborough County ($1,917).

  • 33548 $2,410$3,080
  • 33549 $2,020$2,580
  • 33559 $1,830$2,340

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lutz when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lutz

HUD lists one building with rents for lower incomes in Lutz.

  • Lansdowne Terrace 14702 Livingston Ave, Lutz 33559 160 low-income homes · 1 bd: 81 · 2 bd: 55 · 3 bd: 24 · In service since 2006 · For older adults

See all 140 buildings in Hillsborough County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lutz

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 8 HUD-approved agencies with an office in Hillsborough County; 7 say they serve in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Lutz

1 program is for Lutz or Hillsborough County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Florida: they work in Lutz the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Lutz

The HUD-approved agencies closest to the center of Lutz, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Operation Hope- Tampa

    2208 E Fowler Ave, Tampa · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (813) 867-9658

  • Housing and Education Alliance

    9215 N Florida Ave Ste 104, Tampa · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 3 more
    (813) 932-4663

  • NSC (naca Counseling Subsidiary) - Tampa, FL

    3824 W. Sligh Avenue, Tampa · 10 miles away · Spanish

    Also serves in Portuguese.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (813) 287-5051

Every agency in Hillsborough County All counseling agencies in Florida

Help in Spanish near Lutz

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lutz

In HUD’s record, no housing authority with an office in Hillsborough County is named for Lutz or Hillsborough County.

2 other authorities have an office in Hillsborough County: see the list Source: HUD

Cities

Other cities in Hillsborough County

These cities are also in Hillsborough County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hillsborough County Housing in Florida
See 19 more cities in Hillsborough County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Lutz, with the typical home value.

Neighboring counties

If Hillsborough County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lutz.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Lutz

Short answers with the numbers for Lutz and all of Hillsborough County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lutz?

The typical home value in Lutz is $486,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hillsborough County it is $371,500.

How much does it cost to rent in Lutz?

Typical rent in Lutz is $1,823 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hillsborough County is $1,917.

What is the FHA loan limit in Lutz?

Lutz uses the FHA limit for all of Hillsborough County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Lutz?

The typical homeowner in Lutz pays $3,713 a year, according to the U.S. Census Bureau. That is 0.76% of the home’s value; in Hillsborough County, the rate is 0.81%.

Where can I find free help to buy or rent in Lutz?

There are 8 HUD-approved counseling agencies with an office in Hillsborough County. 7 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).