Balm, FL Profile: Facts & Data


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Balm, Florida - Basic Facts

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The Balm CDP(1) had a population of 7,072 as of July 1, 2022. Balm ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Balm is located at latitude 27.7595 and longitude -82.2612 in Hillsborough County. The formal boundaries for the Balm Census Designated Place encompass a land area of 10.06 sq. miles and a water area of 0.1 sq. miles. Hillsborough County is in the Eastern time zone (GMT -5). The elevation is 128 feet.

The Balm Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Balm Census Designated Place is located within Wimauma-Riverview CCD of Hillsborough County.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

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  1. Balm 2022 Demographic Data
  2. Growth Rates for Balm (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2022 Demographics

Balm, FL Data & Demographics (As of July 1, 2022)


Total Population 7,072 (100%)
Population in Households 6,853 (96.9%)
Population in Families 5,829 (82.4%)
Population in Group Quarters1 219 ( 3.1%)
Population Density 703
Diversity Index2 82


Median Household Income $81,640
Average Household Income $106,994
% of Income for Mortgage4 22%
Per Capita Income $38,816
Wealth Index5 129


Total HU (Housing Units) 2,379 (100%)
Owner Occupied HU 2,141 (90.0%)
Renter Occupied HU 91 ( 3.8%)
Vacant Housing Units 147 ( 6.2%)
Median Home Value $340,738
Average Home Value $353,717
Housing Affordability Index3 118


Total Households 2,232
Average Household Size 3.07
Family Households 1,780
Average Family Size 3.00
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2020-2022 2022-2027
Population 3.53% 3.25%
Households 4.40% 3.31%
Families   3.30%
Median Household Income   2.87%
Per Capita Income   3.97%
Owner Occupied HU   3.44%

Balm, FL - Peer Comparisons by Rank and Percentile

The table below compares Balm to the other 954 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 401 58th
Population Density # 676 29th
Median Household Income # 233 76th
Housing Affordability Index # 453 47th
Per Capita Income # 372 61st
Diversity Index # 123 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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