Is Temple Terrace, FL a good place to live?
Data as of September 16, 2026. Figures are aggregates from licensed MLS records, IRS migration files, Zillow indexes, Census income and population, and Citizens Property Insurance; sources are named where they appear.
The short answer, by the numbers
Temple Terrace homes sold for a median of $415,000 over the last 12 months, -8.0% year over year. Homes take about 40 days to sell and the city holds 3.8 months of supply, which reads as a seller’s market. Owning the median home runs about $2,358 a month with taxes and insurance, against a median household income near $75,011 (31.6% of income). Prices sit at 5.1 times local income, a stretch by the usual four-times-income yardstick.
What it costs to live in Temple Terrace
| Median sale price (12 months) | $415,000 |
| Price per square foot | $213/sq ft |
| Typical monthly cost to own the median home | $2,358 (principal, interest, taxes, insurance) |
| Median household income | $75,011 |
| Price-to-income ratio | 5.1x |
| Share of income to own the median home | 31.6% |
| Median property tax bill | $2,787/yr |
| Typical rent (county, Zillow ZORI) | $2,016/mo |
| Citizens Property Insurance average premium (county) | $1,816/yr |
The cost-to-own figure is principal and interest at today’s prevailing 30-year rate with a 20% down payment, plus the county’s median tax bill and a typical insurance premium. Your own number moves with the rate you lock and the home’s flood zone and roof.
How Temple Terrace home prices have moved
Appreciation has run -2.0% over the last year, +4.2% a year over five years, +6.9% a year over ten. The median went from $173,248 in 2016 to $415,000 over the last 12 months, +140% in 10 years.
| Year | Median sale | Closings | Days on market | $/sq ft |
|---|---|---|---|---|
| 2016 | $173,248 | 221 | 37 | $98 |
| 2017 | $211,742 | 230 | 25 | $115 |
| 2018 | $233,787 | 40 | 45 | $122 |
| 2019 | $268,592 | 13 | 66 | $115 |
| 2021 | $245,344 | 45 | 4 | $157 |
| 2022 | $322,735 | 324 | 6 | $190 |
| 2023 | $340,927 | 86 | 14 | $204 |
| 2024 | $334,633 | 228 | 25 | $202 |
| 2025 | $333,892 | 190 | 38 | $192 |
| 2026 | $368,949 | 218 | 40 | $202 |
The Temple Terrace market right now
| Homes for sale | 51 |
| Under contract | 16 |
| Sold in the last 12 months | 180 |
| Months of supply | 3.8 |
| Sale-to-list price | 94% |
| Listings with a price cut | 32.1% |
| Cash purchases (latest year) | 35% |
What sells here: Single Family Residence 71%, Townhouse 27%, Villa 1%.
By price band, where the supply and the waiting are:
| Price band | For sale | Sold, 12 mo | Months of supply | Days on market |
|---|---|---|---|---|
| Under $300K | 17 | 37 | 5.5 | 66 |
| $300K–$500K | 31 | 125 | 3.0 | 29 |
Weather, flood and insurance exposure
Insurance is the line item that surprises people. Citizens, the state-backed insurer of last resort, averages $1,816 a year in Hillsborough County across 6,518 policies. Roof age, wind-mitigation features and flood zone move a quote more than anything else, so price insurance before you write an offer, not after.
Who is moving to Temple Terrace
IRS county-to-county returns for Hillsborough County show 81,755 people moving in and 82,941 moving out in the latest filing year, a net of -1,186. Out-of-state arrivals came mostly from NY, TX, NJ, GA. Households arriving reported an average adjusted gross income of $77,979 against $72,366 for those leaving. Hillsborough County’s population grew from 1,378,883 in 2018 to 1,489,634 (+8%), and median household income rose +34% over the same stretch.
The trade-offs, by the numbers
What the numbers argue for: five-year appreciation of +4.2% a year; 3.8 months of supply (a seller's market); Citizens average premium $1,816 a year.
What the numbers argue against: price-to-income of 5.1x (above the four-times rule); 31.6% of median income to own the median home (over the 28% guideline); prices -8.0% over the last year, which favors buyers on price and hurts recent sellers; net migration -1,186 people a year into the county; median property tax bill $2,787 a year.
None of this describes the people who live here; it describes what it costs to buy in, what you carry each month, and how the market has treated owners. Neighborhood fit is a visit, not a statistic.
Keep researching Temple Terrace
- Homes for sale in Temple Terrace, FL
- Best neighborhoods in Temple Terrace
- Moving to Temple Terrace: the guide
- Cost of living in Temple Terrace
- Temple Terrace housing market tracker
- Hillsborough County property tax guide
- How to find the best real estate agent in Temple Terrace
Common questions
Is Temple Terrace expensive to live in?
Is it a buyer’s or seller’s market in Temple Terrace right now?
Are home values in Temple Terrace going up?
How bad is hurricane and insurance risk in Temple Terrace?
What are property taxes like in Temple Terrace?
Where do people moving to Temple Terrace come from?
Market figures are aggregates as of September 16, 2026 and change over time; no individual sale is shown. General information, not legal, tax or financial advice. Equal Housing Opportunity.