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.

Sue Goldthorp

I'm here to help

My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Hillsborough County Florida.

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.

Regional Economic Indicators
RegionPopulation
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 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.

Economic Activity
ActivityValue (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 $48,928100%

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.

Regional Economic Indicators
RegionPopulation
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.

Hillsborough County Real Estate Sales Summary
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Commercial Property 0 0.00 437 $335,000 $101January 1st, 2013August 1st, 2013
Government Property 5,094 1.19 8 $90,000 $64April 1st, 2013July 1st, 2013
Residential Property 0 0.00 18,126 $113,300 $67January 1st, 2013September 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

Hillsborough Real Estate
Property UsageProperty CountTotal 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