Market Overview
Home Prices in Temple Terrace, FL
The median home value in Temple Terrace, FL is $329,643 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and down 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Temple Terrace are priced20% below average. Temple Terrace is part of the Tampa-St. Petersburg-Clearwater, FL metro area.
Over the past five years, Temple Terrace home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Temple Terrace Home Price Trend
City Comparison
Temple Terrace vs. National Median
At $329,643, homes in Temple Terrace cost 20% below the national median of $410,000. This makes Temple Terrace a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Temple Terrace?
20% Down Payment
$65,929
on $329,643
Monthly P&I
$1,719/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,183/mo
incl. taxes & insurance
Income Needed
$87,320
gross annual (30% rule)
10% Down Option
$32,964
+ PMI applies
Loan Amount (20% dn)
$263,714
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 Temple Terrace, FL?
The median home value in Temple Terrace is $329,643 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in Temple Terrace?
Over the past year, home values in Temple Terrace have decreased by 2.1%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Temple Terrace?
To comfortably afford the median home price of $329,643 with a 20% down payment ($65,929) at today's rates (6.8%), you'd need a gross annual income of approximately $87,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Temple Terrace compare to the national average home price?
The national median home value is approximately $410,000. At $329,643, homes in Temple Terrace are 20% below the national average.
What metro area is Temple Terrace part of?
Temple Terrace is part of the Tampa-St. Petersburg-Clearwater, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.