How much is a home worth in ZIP code 34638?

The typical home in 34638 is worth $424,949, based on the Zillow Home Value Index.

Are home values rising in 34638?

Home values in 34638 are down 4.7% over the past year, and up 5.2% a year over five years.

What is the typical rent in 34638?

A typical home in 34638 rents for about $2,226 a month, a gross rental yield of 6.3%.

What is the property tax rate in 34638?

The effective property tax rate in 34638 is 1.0% — roughly $4,323 a year on a typical home.

ZIP code 34638 has a population of 37,644 and a median household income of $123,899.

HousingHandbookReference data

…

U.S. ZIP Code · FL34638

Pasco County · Tampa-St. Petersburg-Clearwater, FL

Typical home value

$424,949^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.7%
5-year / yr: +5.2%
10-year / yr: +6.0%

Relative price

vs U.S.: +49.6%
vs metro: +16.9%
vs state: +22.5%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 34638 is worth $424,949 — 16.9% above the Tampa-St. Petersburg-Clearwater, FL median. Over the past year, values have fallen 4.7%. Homes here rent for a typical $2,226 a month — a 6.3% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,226^[2]
Gross yield: 6.3%^[2]
Cap rate: 3.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $4,323^[3]

#Climate risk

FEMA National Risk Index ratings for Pasco County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively High
Wildfire: Relatively Moderate
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively High
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 37,644^[3]
Median household income: $123,899^[3]

#Migration

Household moves in and out of Pasco County over a year, from IRS tax-return data.

Net migration: +9,011^[5]
Moved in: 28,441
Moved out: 19,430

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 5
Middle: 1
High: 3

LAND O' LAKES HIGH SCHOOL
High · Grades 9–12 · PASCO
2,278 students
SUNLAKE HIGH SCHOOL
High · Grades 9–12 · PASCO
2,192 students
CHARLES S. RUSHE MIDDLE SCHOOL
Middle · Grades 6–8 · PASCO
1,353 students
BEXLEY ELEMENTARY SCHOOL
Elementary · Grades PK–5 · PASCO
1,262 students
OAKSTEAD ELEMENTARY SCHOOL
Elementary · Grades PK–5 · PASCO
1,093 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.3%

Net yield (after ~40% expenses)3.8%

Annual rent$26,709

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,149

Loan principal$339,959

Down payment$84,990

Total interest paid$433,599

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.29

Monthly cost to own$2,864

Monthly rent$2,226

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 48th percentile^[1]
Rental yield: 40th percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 34638?: The typical home in 34638 is worth $424,949, based on the Zillow Home Value Index.
Are home values rising in 34638?: Home values in 34638 are down 4.7% over the past year, and up 5.2% a year over five years.
What is the typical rent in 34638?: A typical home in 34638 rents for about $2,226 a month, a gross rental yield of 6.3%.
What is the property tax rate in 34638?: The effective property tax rate in 34638 is 1.0% — roughly $4,323 a year on a typical home.
Who lives in 34638?: ZIP code 34638 has a population of 37,644 and a median household income of $123,899.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

33544 vs 34638 →
Wesley Chapel CDP, FL
Typical home
$423,571
Gross yield
6.4%
34637 vs 34638 →
Connerton CDP, FL
Typical home
$427,658
Gross yield
8.2%
33625
Citrus Park CDP, FL
Typical home
$428,716
Gross yield
5.5%
33549
Lutz CDP, FL
Typical home
$437,638
Gross yield
5.2%
33592
Thonotosassa CDP, FL
Typical home
$410,336
Gross yield
5.6%
33572
Apollo Beach CDP, FL
Typical home
$439,798
Gross yield
6.0%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 34638 against any other ZIP — full side-by-side table.

Compare 34638 →

#Jump to section

U.S. ZIP Code · FL34638

Get more data on ZIPs like this

Get more data on ZIPs like this