Lutz, Florida is a mid-sized city with a population of 21,143 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (87% White). Given that fact, Lutz could be considered less diverse than other cities. Lutz has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 85% of the population is classified as married and 60% have kids.
Living in Lutz can be a fulfilling experience for anyone relocating to the area. Having said that, in the state of Florida, there are many amazing places to live, so choose wisely! Using the livability score which includes data from categories like cost of living, weather, employment, you can easily compare the best places to live in Lutz and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Lutz to Florida and the national average.
Lutz, FL receives 84 out of 100 for its livability score; this results in a ranking of #53 in Florida and #529 in the USA. Based on this score, Lutz would be considered a very livable city! The cherry on top is that Lutz also ranks in the top 10 percent of all cities. If we check out each of the categories individually, we see that Lutz ranks well for amenities (A-), crime (B-), weather (A), education (A+) and housing (B-). Unfortunately for Lutz, there are some categories for which it does not rank well, this includes: cost of living (D).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Lutz on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
The average school test scores in Lutz are 71%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lutz has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Lutz is actually affordable. The median home price for Lutz homes is $237,500, which is 42.4% higher than the Florida average. If we take a closer look at the affordability of homes in Lutz, we’ll see that the home price to income ratio is 3.4, which is 0% lower than the Florida average. Year over year appreciation rates for homes in the Lutz area were 4.5% and the 5 year appreciation rates came in at 9.5%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.
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