Lutz home values sit near $491,000, roughly 29% above Tampa's average of $380,300, according to a Stacker analysis of Zillow data syndicated Friday, Aug. 21.
The metro-wide report, originally published July 28, ranked cities by home-price growth in the Tampa-St. Petersburg-Clearwater area. It placed Lutz among the pricier communities after significant five-year gains and a short-term price dip.
Why the price figures don't match
The Stacker figure uses Zillow's Home Value Index, a smoothed estimate of the value of homes in a market. Sale-price data measure a different group: homes that sold during the reporting period.
A 54 Realty press release published Aug. 13, citing local market data, reported a median Lutz sale price of about $742,000, up 25.3% year over year. Redfin reports the same figure for the three months ending June 2026: $742,096, based on multiple listing service (MLS) and public-record data.
The same firm's broader market analysis puts the median sale-price range at $480,000 to $510,000 as of early 2026, with an average price per square foot of $245 to $275. The figures cover different periods and measures and should not be treated as directly comparable.
Sales volume has slowed. Ninety homes sold in June, down from 101 a year earlier, according to Redfin. The 54 Realty release also said about 36.7% of listings received a price reduction and homes closed at an average 97.7% of asking price.
How Lutz stacks up against Tampa
Tampa's typical home value stood at $380,300 as of July 31, down 1.3% over the past year, according to Zillow. Zillow identifies this measure as the Zillow Home Value Index, not a median sale price.
A typical buyer needs roughly $85,000 to $95,000 in annual household income to afford a median-priced Tampa-St. Petersburg-area home, according to HomeBuyingInstitute.com. The site places local median household income at about $81,700.
The broader Tampa market favors buyers in 2026, according to HomeBuyingInstitute, which cites Redfin data indicating that sellers outnumbered buyers by 70% during summer 2026.
What it costs to buy in Lutz
Lutz extends across Hillsborough and Pasco counties and is associated with ZIP codes 33548, 33549, 33558 and 33559. Property-tax rates and school assignments vary by address.
Buyers shopping the U.S. 41 and State Road 54 corridors will find roughly 300 active listings as of early 2026, according to 54 Realty's market analysis, with homes averaging 30 to 60 days on the market.
At current prices, a Lutz buyer putting 20% down on a $491,000 home would need $98,200 for the down payment, before closing costs.
