City Report · FL

Palm Harbor

Pop. 61,512·216th most expensive in Florida·Rental market data updated monthly for Palm Harbor, FL
Median rent (all units)
$1,905/mo
Year-over-Year
-3.5%
Month-over-Month
+3.3%
vs US Median
-$57
Rising (Monthly)
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Most AffordableMost Expensive
Palm Harbor · $1,905
More expensive than 53% of US cities · National median $1,962/mo
Rent Reality Score
76/100
Good value
OverheatedFairGreat value

Rents are 13% below what Palm Harbor's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,905/mo
Expected by trend
$2,187/mo
The Rent Reality Score compares today's median rent to where Palm Harbor's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,757
1 BR
$1,893
2 BR
$2,220
3 BR
$2,843
4 BR+
$3,460
Fair Market Rent (HUD)
$2,220/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,905 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$22,860/yr
At $1,905/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-3.5% YoY, +3.3% MoM), not inventory.
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Demographics

Who lives here

Palm Harbor, FL is majority owner-occupied, has a large retiree population, 40.6% of residents hold a bachelor's degree or higher.

Population
61,512
Median income
$78,935
Median age
50.9
Renters
22.1%
Age distribution
17%
14.9%
22.9%
16.6%
28.6%
Under 1817%
18–3414.9%
35–5422.9%
55–6416.6%
65+28.6%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
85.5%
White85.5%
Black1.9%
Hispanic9.6%
Asian2.2%
Other0.9%
Education (25+)
23.5%
31.9%
40.6%
No HS diploma4%
HS diploma23.5%
Some college31.9%
Bachelor's+40.6%
Housing tenure
77.9%
22.1%
Owner77.9%
Renter22.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Palm Harbor, FL has changed in 5 years

Rent
$1,467 → $1,905
up 29.9%
Income
$64,222 → $78,935
up 22.9%
Population
60,682 → 61,512
up 1.4%
Renter share
25.2% → 22.1%
-3.1 pts
Bachelor's+
35.5% → 40.6%
+5.1 pts
Median age
50.1 → 50.9
+0.8 yrs

Compared with 2021, rent in Palm Harbor, FL has increased by $438 per month, settling near $1,905 after starting the period at $1,467. Household income in the area moved from $64,222 to $78,935 across the same window, up 22.9% versus 2021. Rent outpaced income growth by roughly 7.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 60,682 to 61,512 between 2021 and 2024, a 1.4% change. About 22.1% of households rent today, against 25.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 35.5% to 40.6%. Reading these numbers side by side helps frame whether current listings in Palm Harbor, FL look reasonable against where the market sat half a decade ago.

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View Palm Harbor rent history (2015–2026) →
Salary vs rent

Can you afford rent in Palm Harbor on your salary?

At $1,905/mo, how Palm Harbor rent compares to typical pay (30% rule).

By apartment size

Palm Harbor rent by bedroom count

Median rent for each apartment size in Palm Harbor. Click any size for full breakdown.

Local insights

Tips for renters in Palm Harbor

About renting in Palm Harbor, FL

Last updated: August 17, 2026

The median rent in Palm Harbor is $1,905/mo as of August 2026. A studio apartment averages $1,757/mo while a 2-bedroom runs $2,220/mo. One-bedroom apartments average $1,893/mo and 3-bedroom units go for $2,843/mo.

At 29% of local median household income ($78,935/yr), Palm Harbor ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.5% over the past year.

FAQ

Frequently asked questions

Is Palm Harbor an affordable city for renters?

Palm Harbor is considered affordable for renters. At $1,905/mo, rent takes approximately 29% of the local median household income ($78,935/yr). The standard benchmark is 30%. Palm Harbor falls comfortably within that range.

How much income do you need to rent in Palm Harbor?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,905/mo in Palm Harbor. The local median household income is $78,935/yr, meaning the typical Palm Harbor household meets that threshold.

Is rent going up or down in Palm Harbor?

Rent in Palm Harbor has decreased 3.5% over the past year as of August 2026, offering some relief compared to 12 months ago.

Which Palm Harbor neighborhoods have the lowest rent?

The most affordable ZIP codes in Palm Harbor are 34684 ($1,884/mo), 34683 ($1,905/mo), and 34685 ($1,929/mo). Citywide, the median rent in Palm Harbor is $1,905/mo.

How does Palm Harbor rent compare to other cities in Florida?

Palm Harbor is one of the more affordable cities in Florida for rent, ranking #216 out of 291 tracked cities at $1,905/mo.

Which nearby cities are cheaper to rent in than Palm Harbor?

Oldsmar is nearby and more affordable at $1,882/mo, which is $23 less than Palm Harbor.

What percentage of Palm Harbor residents rent vs. own?

According to Census data, approximately 22.1% of Palm Harbor households are renters, while 77.9% are owner-occupied. Palm Harbor leans toward homeownership, which can mean a smaller rental inventory.

How does Palm Harbor rent compare to the national average?

Palm Harbor's median rent of $1,905/mo is $57 (3%) below the US national median of $1,962/mo. Within Florida, it ranks #216 out of 291 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,905/mo, rent takes ~29% of Palm Harbor's median household income ($78,935/yr). The standard benchmark is 30%.

Palm Harbor 29%Benchmark 30%
State income taxNone
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Lowest-rent ZIP codes in Palm Harbor
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Palm Harbor, FL

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