Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Tropical Park

Learn about the people, housing, costs and businesses in Tropical Park, Florida

Median Home$318,895
Median Rent$1,184/month
Population2,264
Leading IndustriesWholesale Trade · Transportation · Finance & Insurance21% wholesale trade
Home Value Growth+1.4% over 2 years
Family-Friendly35% of residentstop 1% nationally
Renters71% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
Tropical Park
FL

Frequently Asked Questions

What are today's mortgage rates in Tropical Park?

As of today, the 30-year fixed mortgage rate for Tropical Park is approximately 7.050% (7.091% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Tropical Park
What is the median home price in Tropical Park?

The median home value in Tropical Park is $319k. The median monthly rent is $1,184. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tropical Park?

Home values in Tropical Park have increased 1.4% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tropical Park?

Based on a typical all-in ownership cost of $1,175/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tropical Park is $34k/year.

Calculate your buying power
What industries drive the economy in Tropical Park?

The largest employment sectors in Tropical Park are wholesale trade (21%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.