Grant Park vs Terrace Park
Two Hillsborough communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-10-14.
| Metric | Grant Park | Terrace Park |
|---|---|---|
| Median sale price | $272K | $365K |
| Price per sq ft | $252 | $238 |
| Avg days on market | 103 days | 92 days |
| Months of supply | 3.4 mo | 2.1 mo |
| Market | Balanced Market | Balanced Market |
| 1-year price change | False | False |
| Recent closings | 25 | 51 |
The verdict
Terrace Park carries the higher median price — about 34% above Grant Park. Homes in Terrace Park sell faster (92 days on market vs 103). Terrace Park is the tighter market on inventory (2.1 months of supply).
Where each one is
Grant Park and Terrace Park are about 5 miles apart (straight-line, center to center) and share Hillsborough County.
| Grant Park | Terrace Park | |
|---|---|---|
| County | Hillsborough County, FL | Hillsborough County, FL |
| City / area | Tampa | Tampa |
| ZIP | 33612, 33619 | 33613, 33617 |
| FEMA flood zones (sampled parcels) | all 19 sampled homes outside a flood zone | not enough parcels sampled |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Grant Park | Terrace Park | |
|---|---|---|
| Homes for sale now | 7 | 9 |
| Under contract | 2 | 2 |
| Asking prices today | $165K to $369K | $284K to $650K |
| Listed in the last 7 days | 3 | 0 |
| Property types listed | Single Family Residence, Townhouse | Single Family Residence |
Live MLS counts, refreshed with every listing pull. Browse them: Grant Park homes for sale · Terrace Park homes for sale.
The homes themselves
| Grant Park | Terrace Park | |
|---|---|---|
| Homes (parcels) | 494 | 333 |
| Built | 1920–2024 (median 1981) | 1943–2021 (median 1976) |
| Typical living area | 1,270 sq ft | 1,527 sq ft |
| Homesteaded (owner-occupied) share | 37% | 60% |
| Vacant lots | 43 | 4 |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
Price history, year by year
| Year | Grant Park median | Terrace Park median |
|---|---|---|
| 2012 | $39K (3 sales) | $100K (3 sales) |
| 2013 | $35K (6 sales) | $90K (5 sales) |
| 2014 | $55K (3 sales) | $94K (8 sales) |
| 2015 | $61K (12 sales) | $76K (13 sales) |
| 2016 | $74K (16 sales) | $120K (18 sales) |
| 2017 | $72K (13 sales) | $156K (20 sales) |
| 2018 | $88K (7 sales) | $158K (10 sales) |
| 2021 | $198K (10 sales) | $265K (5 sales) |
| 2022 | $232K (30 sales) | $285K (15 sales) |
| 2023 | $216K (12 sales) | $334K (10 sales) |
| 2024 | $270K (21 sales) | $298K (11 sales) |
| 2025 | $275K (22 sales) | $265K (7 sales) |
| 2026 | $308K (16 sales) | $332K (12 sales) |
Since 2012, Grant Park's median sale price is +688% and Terrace Park's is +232% — Grant Park has appreciated faster over that stretch.
How each one trades
| Grant Park | Terrace Park | |
|---|---|---|
| Sale-to-original-list | 94.9% | 97.8% |
| New-construction share of sales | 31% | 0% |
| Typical sold home | 1,415 sq ft | 1,399 sq ft |
| Momentum market-heat score | 42 (normal) | 48 (normal) |
Last 12 months of recorded closings; sale-to-original-list is the share of the first asking price sellers actually got.
Schools the listings are zoned for
| Grant Park | Terrace Park | |
|---|---|---|
| Elementary | Palm River-Hb | Temple Terrace-Hb |
| Middle | Giunta Middle-Hb | Greco-Hb |
| High school | Blake-Hb | King-Hb |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Grant Park is the lower entry point (median $272K vs $365K). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Grant Park; Terrace Park trades that for a more established street and, typically, larger lots. Sellers get a faster sale in Terrace Park (92 days on market on average); buyers get more negotiating room where homes sit longer.
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is Terrace Park more expensive than Grant Park?
Yes, on recent sales: the median sale price in Terrace Park is $365,000 versus $272,000 in Grant Park, about 34% higher.
How far apart are Grant Park and Terrace Park?
About 5 miles straight-line, center to center, both in Hillsborough County; driving distance is usually 15 to 30 percent more.
Which has newer homes, Grant Park or Terrace Park?
Grant Park: its homes were built 1920–2024 with a median year of 1981, versus a median of 1976 in Terrace Park (Florida DOR assessment roll).
Which has bigger homes?
Terrace Park. The typical home there is 1,527 sq ft of living area, versus 1,270 sq ft in Grant Park.
Which has appreciated more, Grant Park or Terrace Park?
From 2012 to 2026 the median sale price rose 688% in Grant Park and 232% in Terrace Park (recorded MLS closings by calendar year).
Where do sellers get closer to asking price?
Terrace Park — sellers there received 97.8% of the original list price over the last 12 months versus 94.9% in Grant Park.
What high schools serve Grant Park and Terrace Park?
Listings in Grant Park most often report Blake-Hb; listings in Terrace Park report King-Hb. Zoning is set by the district and can change - verify by address.
Go deeper on each: Grant Park homes, photos & schools · Terrace Park homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.