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Valrico, FL Profile: Facts & Data

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Valrico, Florida - Basic Facts

The Valrico Census Designated Place had a population of 40,021 as of July 1, 2020.

The primary coordinate point for Valrico is located at latitude 27.9379 and longitude -82.2364 in Hillsborough County. The formal boundaries for the Valrico Census Designated Place encompass a land area of 13.81 sq. miles and a water area of 0.41 sq. miles. Hillsborough County is in the Eastern time zone (GMT -5). The elevation is 49 feet.

The Valrico Census Designated Place (GNIS ID: 2402959) 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 Valrico Census Designated Place is located within Brandon CCD of Hillsborough County.


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Valrico, FL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 40,021 (100%)
Population in Households 39,905 (99.7%)
Population in Families 35,007 (87.5%)
Population in Group Quarters1 116 ( 0.3%)
Population Density 2,898
Diversity Index2 60
 
 

INCOME

Median Household Income $79,974
Average Household Income $104,963
% of Income for Mortgage4 13%
Per Capita Income $37,077
Wealth Index5 136
 

HOUSING

Total HU (Housing Units) 14,781 (100%)
Owner Occupied HU 11,729 (79.4%)
Renter Occupied HU 2,389 (16.2%)
Vacant Housing Units 663 ( 4.5%)
Median Home Value $249,496
Average Home Value $250,891
Housing Affordability Index3 167
 

HOUSEHOLDS

Total Households 14,118
Average Household Size 2.83
Family Households 10,949
Average Family Size 3
NOTES
  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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 1.16% 1.24%
Households 1.06% 1.15%
Families 0.92% 1.1%
Median Household Income   1.6%
Per Capita Income   2.15%
Owner Occupied HU   1.12%

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Valrico, FL - Peer Comparisons by Rank and Percentile

The table below compares Valrico to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 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 # 100 89th
Population Density # 277 70th
Median Household Income # 148 84th
Housing Affordability Index # 527 57th
Per Capita Income # 252 73rd
Diversity Index # 308 67th

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

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