Lutz, FL
Population 26,731 · Florida
About Lutz, FL
Lutz is a mid-sized city located in Florida with a population of 26,731 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,516 per year, which is 52% above the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lutz features a median home value of $451,800, which is 84% above the national median of $244,900. This places Lutz in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,648, 42% above the national average of $1,163/month. Of the 9,715 total housing units, 79% are owner-occupied (7,411 units) and 21% are renter-occupied (1,918 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lutz shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lutz have an average one-way commute time of 32 minutes.
Education & Demographics
50.6% of Lutz residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.6% White, 0.7% Hispanic or Latino, 5.9% Black or African American, and 7.3% Asian residents, with 10.7% of the population being foreign-born.
Cost of Living in Lutz, FL
Compared to national averages, Lutz has a median household income of $114,516 (52% above the national median of $75,149). Home values average $451,800, which is 84% above the national median. Monthly rent at $1,648 is 42% above the US average of $1,163. Within Florida, Lutz's income is 51% above the state average of $75,893, and home values are 28% above the state median of $353,675.
Why Live in Lutz, FL?
Lutz offers a strong local economy with a median household income of $114,516, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 50.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $451,800. However, Lutz’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lutz has a population of 26,731 with a median age of 40.2 years. Compare Lutz with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lutz
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Keystone | 26,723 | $155,365 | $604,800 | Compare |
| Palm River-Clair Mel | 26,719 | $62,976 | $244,100 | Compare |
| Palm Springs | 26,871 | $59,602 | $234,500 | Compare |
| Leisure City | 26,917 | $48,640 | $333,100 | Compare |
| Temple Terrace | 26,922 | $65,756 | $306,200 | Compare |
| Venice | 26,467 | $74,340 | $381,400 | Compare |
| Wright | 27,233 | $67,077 | $270,700 | Compare |
| Ives Estates | 26,154 | $67,841 | $287,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lutz With Other Cities
Frequently Asked Questions about Lutz
What is the population of Lutz, FL?
The population of Lutz, FL is 26,731 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Lutz?
The median household income in Lutz, FL is $114,516 per year, which is 52% above the national median of $75,149.
What is the median home value in Lutz?
The median home value in Lutz, FL is $451,800, which is 84% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lutz?
The median monthly rent in Lutz, FL is $1,648, which is 42% above the national average of $1,163/month.
What is the unemployment rate in Lutz?
The unemployment rate in Lutz, FL is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lutz, FL a good place to live?
Lutz offers above-average incomes, a competitive housing market, and a strong job market. With a population of 26,731 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Lutz, FL?
50.6% of residents in Lutz aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lutz?
Key cost-of-living indicators for Lutz, FL: median home value is $451,800 (84% above national), median rent is $1,648/month, and median household income is $114,516. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Lutz?
The poverty rate in Lutz, FL is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lutz, FL?
Lutz's population is 1.6% White, 0.7% Hispanic or Latino, 5.9% Black or African American, 7.3% Asian, and 7.1% two or more races. 10.7% of residents are foreign-born.