Market Overview
Home Prices in Lutz, FL
The median home value in Lutz, FL is $491,211 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lutz are priced20% above average. Lutz is part of the Tampa-St. Petersburg-Clearwater, FL metro area.
Over the past five years, Lutz home values have risen by approximately29.5%, reflecting strong long-term appreciation in this market.
Price History
Lutz Home Price Trend
City Comparison
Lutz vs. National Median
At $491,211, homes in Lutz cost 20% above the national median of $410,000. Buyers in Lutz should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lutz?
20% Down Payment
$98,242
on $491,211
Monthly P&I
$2,562/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,254/mo
incl. taxes & insurance
Income Needed
$130,160
gross annual (30% rule)
10% Down Option
$49,121
+ PMI applies
Loan Amount (20% dn)
$392,969
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lutz, FL?
The median home value in Lutz is $491,211 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Lutz?
Over the past year, home values in Lutz have decreased by 2%. Over five years, prices have risen approximately 29.5%.
How much do I need to earn to buy a home in Lutz?
To comfortably afford the median home price of $491,211 with a 20% down payment ($98,242) at today's rates (6.8%), you'd need a gross annual income of approximately $130,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Lutz compare to the national average home price?
The national median home value is approximately $410,000. At $491,211, homes in Lutz are 20% above the national average.
What metro area is Lutz part of?
Lutz is part of the Tampa-St. Petersburg-Clearwater, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.