ZIP 33540 vs ZIP 34654

33540 is one of 24 ZIP codes that lie mostly in Pasco County, FL — 92% of its own area is in the county.

Shaded by typical home value, it ranks 12 of the 22 with a value.

34654 is one of 24 ZIP codes that lie mostly in Pasco County, FL.

Shaded by typical home value, it ranks 13 of the 22 with a value.

9 school locations in 34654: 3 elementary, 3 middle, 3 high.

In alphabetical order: BAYONET POINT MIDDLE SCHOOL, CYPRESS ELEMENTARY SCHOOL, LEARNING LODGE ACADEMY, MOON LAKE ELEMENTARY SCHOOL, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 33540 was worth $86,805.

Values peaked at $354,079 in April 2024. The latest reading is −6.9% from that peak.

As of August 2026: $329,742, −2.5% over twelve months.

Start with the typical home: $329,742. Put 20% down and borrow $263,794 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,826 a month in principal and interest.

The median household here earns $55,426 a year, $4,619 a month. So the payment takes 39.5% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 10.4% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $520.

In December 2020, with rates at 2.68%, it was $777.

By August 2026, at 6.67%, it was $1,696 — +118% since December 2020, while the home's value moved +37%.

Reported values rose +280% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $171,319. So the real change is +92%, not +280%.

33540: +280% since January 2000.

Pasco County: +217% since January 2000.

Florida: +245% since January 2000 — 33540 ran ahead of it by 35 points.

Against 1,098 Florida ZIP codes, 33540 sits at the 22nd percentile for affordability (price vs local income).

18th for appreciation (recent value growth); 84th for rental yield (rent vs price).

Owning the typical home costs about $2,156 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,275 a month.

Price divided by a year's rent: 12.1. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 34654 was worth $102,085.

Values peaked at $341,861 in May 2024. The latest reading is −7.8% from that peak.

As of August 2026: $315,230, −1.4% over twelve months.

Start with the typical home: $315,230. Put 20% down and borrow $252,184 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,746 a month in principal and interest.

The median household here earns $64,210 a year, $5,351 a month. So the payment takes 32.6% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 10.6% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $611.

In December 2020, with rates at 2.68%, it was $737.

By August 2026, at 6.67%, it was $1,622 — +120% since December 2020, while the home's value moved +39%.

Reported values rose +209% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $201,475. So the real change is +56%, not +209%.

34654: +209% since January 2000.

Pasco County: +217% since January 2000.

Florida: +245% since January 2000 — 34654 ran behind it by 36 points.

Against 1,098 Florida ZIP codes, 34654 sits at the 51st percentile for affordability (price vs local income).

35th for appreciation (recent value growth); 56th for rental yield (rent vs price).

Owning the typical home costs about $2,061 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,036 a month.

Price divided by a year's rent: 12.9. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 24 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 80.

Going out — closed sales: about 19 a month. The drain is drawn 24% narrower: the share of homes for sale that sell each month is 76% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 4.2 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 5 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 19 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 8 — so sales ran at 238% of it, and below it in 2 of the last 24 months.

Across Pasco County, builders pulled permits for 7,878 new homes in 2025.

Of those, 79% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 44 a month (Redfin, 3-month rolling data through August 2026). That is 76% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 162. That is 103% of the 2015–2019 level for the same months.

Going out — closed sales: about 30 a month. That is 55% of the 2015–2019 level for the same months. The drain is drawn 40% narrower: the share of homes for sale that sell each month is 60% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 5.4 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 14 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 30 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 45 — so sales ran at 67% of it, and below it in 24 of the last 24 months.

Across Pasco County, builders pulled permits for 7,878 new homes in 2025.

Of those, 79% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Pasco County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 15,554 moved in. Among the ten receiving the most, 10,044 moved out.

Net across those counties: +5,510 households. Beside it, homes for sale in this ZIP: 80 in June 2026.

Most arrivals came from Hillsborough, FL (8,182 households); most departures went to Hillsborough, FL (4,065).

This ZIP sits in Pasco County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 15,554 moved in. Among the ten receiving the most, 10,044 moved out.

Net across those counties: +5,510 households. Beside it, homes for sale in this ZIP: 162 in June 2026.

Most arrivals came from Hillsborough, FL (8,182 households); most departures went to Hillsborough, FL (4,065).