ZIP 34654

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 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 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: 162 in June 2026.

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