Hillsborough County, Florida
Hillsborough County
Hillsborough County is in the Tampa Bay region of Florida, along with Citrus, Hernando, Pasco, Pinellas, Polk, Manatee, and Sarasota counties. Tampa, one of Florida's largest cities, is part of Hillsborough County. Over 1.2 million people live in Hillsborough County.
Hillsborough County has the 6th largest school district in the country, employing approximately 25,000 people. Other major public employers are MacDill Air Force Base, Hillsborough County Government, University of South Florida, and Hillsborough Community College. The largest private sector employers are JP Morgan Chase, H. Lee Moffitt Cancer Center & Research Institute, Citi, Pricewaterhouse Coopers, and Progressive Insurance. Target industries are applied medicine & human performance, high-tech electronics and instruments, business, financial & data services, and marine & environmental activities.
Busch Gardens, one of Florida's main theme parks, is in Tampa and attracts many tourists. Tourists also visit historic Tampa neighborhood of Ybor City, once a cigar factory district, now a National Historic Landmark. Many tourists also flow through the Port of Tampa, which handles about a million cruise passengers each year. Not just for tourists, the port is busiest in the state for cargo, with large quantities of phosphates and steel flowing through it.
Located just outside of Tampa is MacDill Air Force Base, the headquarters for U.S. Central Command and the Special Operations Command. When hurricanes threaten the Atlantic coast, ?hurricane hunter? planes takeoff from MacDill to fly into the storm and take measurements. MacDill employs more than 14,000 and has an estimated impact of $5 billion.
Tampa is ranked by the Globalization and World Cities Research Network as a Gamma+ class city. In 2014 it was ranked as the number two city in the nation for investing in rental properties by All Property Management.
Hillsborough County Florida Cities
There are 21 cities in Hillsborough County Florida. These are listed below. Click on a link for details.
Apollo Beach, Balm, Brandon, Dover, Durant, Gibsonton, Lithia, Lutz, Mango, Odessa, Plant City, Riverview, Ruskin, Seffner, Sun City, Sun City Center, Sydney, Tampa, Thonotosassa, Valrico, Wimauma,
Hillsborough County has a population of approximately 1,277,746 people. The population increased 3.9% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Hillsborough County is 1020.21 square miles and had a population density of 1204.9 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 540,190 housing units in Hillsborough County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Hillsborough County has a 62.4% homeownership rate compared to Florida's rate of 69.0%. Hillsborough County's medium household income in 2011 was $50,195, which is higher than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Hillsborough County | 1,277,746 | $48,928 | 3.9% | $50,195 | 540,190 | $185,900 |
15.0% of the population in Hillsborough County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Hillsborough County Census Data
- University of Florida Bureau of Economic and Business Research - Hillsborough County
Hillsborough County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Hillsborough County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $48,928 million, Hillsborough County's economic activity represents 7.76% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $9,445 | 19.3% |
| Merchant wholesaler sales | $17,753 | 36.3% |
| Retail sales | $19,110 | 39.1% |
| Accommodation and food services sales | $2,620 | 5.4% |
| Total | $48,928 | 100% |
Hillsborough County Regional Comparisons
Hillsborough County is located in the Tampa Bay Region. This region is responsible for 22.6% of Florida's economic activity. Hillsborough County represents 34.3% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Citrus County | 139,360 | $1,515 | -1.3% | $38,189 | 78,423 | $134,800 |
| Hernando County | 173,422 | $2,311 | 0.4% | $42,700 | 84,887 | $145,000 |
| Pasco County | 470,391 | $6,731 | 1.2% | $44,103 | 231,008 | $145,100 |
| Hillsborough County | 1,277,746 | $48,928 | 3.9% | $50,195 | 540,190 | $185,900 |
| Pinellas County | 921,319 | $37,192 | 0.5% | $45,891 | 504,146 | $172,900 |
| Polk County | 616,158 | $27,540 | 2.3% | $44,398 | 281,004 | $133,200 |
| Manatee County | 333,895 | $9,029 | 3.4% | $48,181 | 173,660 | $195,300 |
| Sarasota County | 386,147 | $9,371 | 1.8% | $49,212 | 229,346 | $213,400 |
| Total | 4,318,438 | $142,617 | 1.5% | $45,359 | 2,122,664 | $165,700 |
Hillsborough Real Estate
There are 429,402 properties in Hillsborough County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 437 | $335,000 | $101 | January 1st, 2013 | August 1st, 2013 |
| Government Property | 5,094 | 1.19 | 8 | $90,000 | $64 | April 1st, 2013 | July 1st, 2013 |
| Residential Property | 0 | 0.00 | 18,126 | $113,300 | $67 | January 1st, 2013 | September 1st, 2013 |
Commercial Real Estate in Hillsborough County, Florida
0( .00%) of the properties in Hillsborough County are classified as Commercial. 437 of them sold between January 1st, 2013 and August 1st, 2013. The total value of these sales was $638,977,371. The median sales price was $335,000. In 2013 the median sales price for A Class Commercial Property in Hillsborough County was $320 per sq ft, B Class properties sold for $101/ft and C Class $35/ft.
Government Real Estate in Hillsborough County, Florida
5,094( 1.19%) of the properties in Hillsborough County are classified as Government. 8 of them sold between April 1st, 2013 and July 1st, 2013. The total value of these sales was $683,500. The median sales price was $90,000. In 2013 the median sales price for Government Property in Hillsborough County was $64 per sq ft.
Residential Real Estate in Hillsborough County, Florida
0( .00%) of the properties in Hillsborough County are classified as Residential. 18,126 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $3,500,705,097. The median sales price was $113,300. In 2013 the median sales price for A Class Residential Property in Hillsborough County was $126 per sq ft, B Class properties sold for $67/ft and C Class $30/ft.
Additional Details:
Hillsborough Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 4,685 | 10,221,414 |
| Government Property | 5,838 | 75,962,028 |
| Health Care | 25 | 5,189,102 |
| Hotel & Motel | 225 | 12,850,716 |
| Industrial | 3,564 | 109,436,423 |
| Land | 26,951 | 10,758,184 |
| Miscellaneous Property | 586 | 12,117,493 |
| Mobile/Manufactured | 14,191 | 20,084,931 |
| Multifamily | 5,753 | 111,561,347 |
| Office | 4,931 | 75,843,669 |
| Residential | 383,887 | 746,766,745 |
| Retail | 7,427 | 83,374,159 |
| Senior Housing | 1,960 | 8,025,538 |
| Special Purpose | 3,768 | 40,711,793 |
| Sports & Entertaining | 222 | 4,140,954 |