Housing in Temple Terrace
Temple Terrace's housing market centers on a historic, walkable core rather than new-construction subdivisions, with a median sale price around $350,000 -- though recent sources disagree sharply on whether that figure is trending up or holding flat.
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Learn moreA Consistent Price Level, an Inconsistent Trend
The base record for this market cites a $350,000 median sale price via Redfin (2026), with one reading showing roughly flat pricing (down 0.08% year-over-year) and another showing a 22.8% year-over-year increase at that same price level -- a genuine disagreement on direction, likely reflecting low monthly sales volume in a small city, not a data error. A separate Data USA estimate puts the 2024 median property value lower, at $334,800, consistent with a market that has appreciated somewhat since.
Historic Housing Stock, Not New Subdivisions
Unlike the newer master-planned suburbs elsewhere in this Tampa-area dataset, Temple Terrace's inventory leans toward established housing built around its 1920s Mediterranean Revival golf-course core, with the Historic District, Riverhills Park, Temple Terrace Estates, and Raintree cited as its most recognized areas (see best-areas). The homeownership rate runs 50.4%, per Data USA -- lower than a typical suburb, consistent with the university-adjacent rental demand described in moving.
Standard Florida Closing Rules and the 2026 Homestead Exemption
Standard Florida closing costs run roughly 2%-5% of the purchase price, including the state's documentary stamp tax on the deed ($0.70 per $100 of sale price, customarily seller-paid). File for the homestead exemption promptly after closing on a primary residence -- $51,411 for 2026 -- which enrolls the property in the Save Our Homes assessed-value growth cap going forward.
Key takeaways
- Median sale price runs around $350,000 (Redfin, 2026), but sources disagree sharply on year-over-year direction -- treat the price level as more reliable than the trend.
- Housing stock leans toward established, historic homes around the 1920s golf-course core rather than new-construction subdivisions; homeownership runs 50.4%, reflecting real university-adjacent rental demand.
- Standard Florida closing costs (2%-5% of price) apply; the 2026 homestead exemption is $51,411.
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