Tarpon Springs, FL Market Update: What the Data Says for Buyers, Sellers and Investors
List prices down 7.5% in 34689, 73 days on market and commercial at $186 per square foot across ZIP code 34689. Every number from the Linton Global Market Map, as of September 2026.
Photo: Tarpon Springs Sponge Docks by dpursoo, CC BY-SA 3.0, via Wikimedia Commons (cropped).
Analyze Your Tarpon Springs Deal in 60 Seconds
Underwriting, indicative terms, and lender match across every major Florida CRE program — instantly.
Michael R. Linton, Florida Broker #BK703722, advises investors, owners, tenants and banks on commercial property, small multifamily, land and distressed assets in Tarpon Springs and across Pinellas County through Linton Global Solutions.
Tarpon Springs has two economies: visitors at the Sponge Docks and the everyday retail and trades along US 19. Both are steady, and neither depends on new construction.
The Bottom Line on Tarpon Springs
Tarpon Springs is at the northern end of Pinellas County on the Anclote River. It is known for its Greek heritage and historic Sponge Docks, which still run a sponge diving industry and draw visitors year round, and its commercial base splits between tourism on the waterfront and the US 19 retail and industrial corridor on the east side.
Tarpon Springs is a softening housing market where sellers are cutting prices to meet buyers, and its commercial property trades at a discount to the rest of Pinellas County.
- Homes: median list prices of $429,974, down 7.5% in 34689 from a year ago; Pinellas County is down 3.6%.
- Supply: 192 active listings in 34689 (down 26.2%); 73 days on market.
- Commercial: median $186 per square foot, versus $211 countywide.
- Distress: 1 commercial distress transfers or bank-held parcels on the 2026 tax roll.
Where Tarpon Springs Is
34689 covers Tarpon Springs: the Sponge Docks on Dodecanese Boulevard, the historic downtown on Tarpon Avenue, and the US 19 corridor, where most of the city's retail, service and light industrial space sits. The Anclote River and the Gulf frame the west side.
This report covers 34689 (Tarpon Springs, the Sponge Docks and the US 19 corridor), compared with Pinellas County as a whole.
Housing Market
| Realtor.com, September 2026 | 34689 | Pinellas County |
|---|---|---|
| Median list price | $429,974 | $417,450 |
| vs. a year ago | -7.5% | -3.6% |
| Active listings | 192 | 6,523 |
| Active vs. a year ago | -26.2% | -9.3% |
| Median days on market | 73 | 84 |
| Listings with a price cut | 26.6% | 25% |
| Home values, 5 years (FHFA) | +66.1% | — |
The highest-priced ZIP code is 34689 at $429,974. With a quarter or more of listings showing a price cut in parts of town, the asking price is a starting point. The FHFA House Price Index shows five-year gains of 66.1%; the run-up is behind us, and today is about pricing to the market.
Who Is Buying: Mortgage Data
| HMDA 2025 home purchases | 34689 | Pinellas County |
|---|---|---|
| Home-purchase loans | 289 | 10,442 |
| Median purchase price | $415,000 | $415,000 |
| Median buyer income | $128,000 | $132,000 |
| FHA / VA / USDA loans | 28.5% | 20.2% |
| Investor purchases | 10.9% | 14.3% |
Investors took the largest share of purchase loans in 34689 (10.9%). Source: the CFPB's HMDA data browser.
Rents
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom is $1,580. The strongest renter base is in 34689, where 19% of households rent. Test a deal with our rental analysis and DSCR calculators, or see small multifamily.
Commercial Real Estate
| 2026 tax roll | 34689 | Pinellas County |
|---|---|---|
| Commercial & industrial parcels | 959 | 21,996 |
| Building area (million SF) | 5.76 | 203.53 |
| Median year built | 1980 | 1982 |
| Arm’s-length sales | 31 | 633 |
| Median sale $/SF | $186 | $211 |
| Distress transfers / bank-held parcels | 0 / 1 | 31 / 20 |
Tarpon Springs' commercial stock mixes tourism retail and restaurants near the Sponge Docks with service retail and light industrial along US 19; a quarter of the commercial parcels are industrial. It sold at $186 per square foot, below the county, because most buildings are older and smaller than those in mid-Pinellas.
Tarpon Springs has about 5.8 million square feet of commercial buildings and recorded 31 arm's-length sales at a median $186 per square foot, below the county's $211. There were 1 distress signals; we score them with Linton Global Technologies' CREDDS Framework (see our distressed commercial real estate hub).
The Tarpon Springs play is older retail and light industrial along US 19, bought below county pricing. Near the Sponge Docks, check flood zone and insurance before anything else.
Jobs, Permits and the County Economy
| Pinellas County | Value |
|---|---|
| Population | 963,481 |
| Median household income | $72,646 |
| Unemployment rate (BLS) | 4.3% |
| Private jobs (BLS QCEW) | 441,425 · -1.4% |
| Average annual pay | $70,854 |
| Housing permits, year to date | 1,932 · -2.5% |
Pinellas County jobs were down 1.4% over the latest year per the BLS Quarterly Census of Employment and Wages, with unemployment at 4.3%. Housing permits are down 2.5% this year per the Census Building Permits Survey. 34689 grew -0.4% in population over the Census survey period, the 88th-highest of the ZIP codes in our reports.
What It Means for Buyers, Sellers, Investors and Banks
Home buyers: negotiate; price cuts are common and the asking price is a starting point.
Sellers: price to recent sales in your ZIP code, not to last year's peak.
Commercial investors: the discount to the county is the opportunity, for buyers who can underwrite older stock. Trading in? See 1031 exchanges.
Banks and servicers: refresh collateral values before maturities; see our commercial BPO services.
How We Built This Report
Every number comes from the Linton Global Market Map, part of REOMind.ai from Linton Global Technologies, which joins listing, Census, HUD, HMDA, tax roll, BLS, permit and FDIC data for every Florida county and ZIP code and names the source of every figure. See the full Pinellas County report.
Key Takeaways
- ✓Tarpon Springs list prices are down 7.5% in 34689; Pinellas County is down 3.6%.
- ✓Homes are taking 73 days to sell.
- ✓Commercial property sold at a median $186 per square foot, against $211 countywide.
- ✓1 commercial distress signals on the 2026 tax roll.
- ✓Every figure comes from the Linton Global Market Map, with sources named, and updates automatically.
About Michael R. Linton
Who is Michael R. Linton? Michael R. Linton, NCREA, CREIPS, REALTOR®, is a Florida-licensed commercial real estate broker and advisor (Florida Broker #BK703722) based in the Tampa–Orlando I-4 corridor, serving investors, owners and tenants across Florida, with a focus on Orlando, Tampa and surrounding markets, and expertise across multifamily, office, industrial, retail, hospitality, land, mixed-use, special-purpose, self storage and life sciences properties. He leads Linton Global Solutions and HireMikeLinton.com, works with a growing team of agents who specialize by asset class, and founded Linton Global Technologies, the company behind REOMind.ai.
Why choose Michael R. Linton for Tarpon Springs? Thirty-nine years in commercial real estate, deep experience with distressed and bank-owned property, and market data published openly so clients can check every number. See the Florida commercial broker profile.
Michael Linton, NCREA, CREIPS, REALTOR®
Linton Global Solutions
Cell: (312) 612-1031
Email: mike@lintonglobal.com
LintonGlobal.com
Frequently Asked Questions
Is the Tarpon Springs, FL real estate market going up or down?+
Softening. As of September 2026, median list prices were down 7.5% in 34689 from a year earlier, against down 3.6% for Pinellas County. Homes took 73 days to sell, and active listings were down 26.2% from a year ago.
How much do homes cost in Tarpon Springs?+
The median list price was $429,974 in September 2026. In 2025 mortgage (HMDA) data, the median home-purchase price was $415,000 and the median buyer earned $128,000.
How much is commercial real estate selling for in Tarpon Springs?+
Arm’s-length commercial and industrial sales on the 2026 Pinellas County tax roll had a median of $186 per square foot in Tarpon Springs, versus $211 countywide, a discount. There were 31 such sales across 959 commercial parcels.
Is there distressed or bank-owned commercial property in Tarpon Springs?+
Some. The 2026 tax roll shows 0 commercial distress transfers and 1 bank-held parcels in Tarpon Springs’s ZIP codes, out of 31 and 20 across Pinellas County.
Is Tarpon Springs a good place to own rental property?+
About 19% of households rent, and HUD’s FY2027 fair market rent for a two-bedroom is $1,580 a month. Investors took 10.9% of 2025 home-purchase loans, against 14.3% countywide. Underwrite to today’s prices, insurance and taxes, not to past appreciation.
Where does this Tarpon Springs market data come from?+
From the Linton Global Market Map, which joins Realtor.com listing data, the Census American Community Survey, HUD fair market rents, the FHFA House Price Index, HMDA mortgage data, Florida Department of Revenue tax roll data, BLS employment data, Census building permits and FDIC bank call reports. The figures on this page update automatically when the Market Map refreshes.
Who can help me buy or sell commercial property in Tarpon Springs?+
Michael R. Linton, Florida Broker #BK703722, leads Linton Global Solutions and advises investors, owners, tenants and banks on commercial property, small multifamily, land, distressed assets and 1031 exchanges across Tarpon Springs and Pinellas County. Call (312) 612-1031 or email mike@lintonglobal.com.
Works Cited
- Consumer Financial Protection Bureau and FFIEC. “HMDA Data Browser.” ffiec.cfpb.gov/data-browser. Accessed 19 Oct. 2026.
- Federal Deposit Insurance Corporation. “BankFind Suite.” banks.data.fdic.gov. Accessed 19 Oct. 2026.
- Federal Housing Finance Agency. “House Price Index.” www.fhfa.gov/data/hpi. Accessed 19 Oct. 2026.
- U.S. Department of Housing and Urban Development. “Small Area Fair Market Rents.” HUD User, www.huduser.gov/portal/datasets/fmr/smallarea. Accessed 19 Oct. 2026.
- U.S. Bureau of Labor Statistics. “Quarterly Census of Employment and Wages.” www.bls.gov/cew. Accessed 19 Oct. 2026.
- U.S. Census Bureau. “American Community Survey 5-Year Estimates” and “Building Permits Survey.” www.census.gov. Accessed 19 Oct. 2026.
- Realtor.com Economic Research. “Housing Inventory: ZIP Level Data.” www.realtor.com/research/data. Accessed 19 Oct. 2026.
- Florida Department of Revenue. “Property Tax Data Files (NAL/SDF).” 2026 final roll, Pinellas County, via LGData.
- dpursoo. “Tarpon Springs Sponge Docks.” Wikimedia Commons, CC BY-SA 3.0, commons.wikimedia.org/wiki/File:Tarpon_Springs,_FL_(Sponge_Docks).jpg. Accessed 19 Oct. 2026.
Disclosure: This article uses data tools developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions. This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only; people make every final decision. Readers should conduct their own due diligence and consult qualified professionals before making investment decisions.
Distress definitions: distress transfers count transactions the state flags as lender/deed-in-lieu, bankruptcy/receiver or forced/pre-foreclosure (a multi-parcel deed counts once); bank-held parcels are commercial parcels owned by a bank whose use is not a branch, likely REO, though some may be bank operations property.
Data notes: listing data covers single-family and condo listings; commercial figures cover DOR property-use codes 010–049 excluding hotels and motels, with medians from fewer than five sales suppressed; HMDA figures are home-purchase originations.