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Neighborhood · Wesley Chapel, Florida

Terrace Park

Affordable footing on the north side of Wesley Chapel

5

Homes for sale

$145,000

Median list price

$110

Avg price / sqft

38

Median days on market

Search Terrace Park on the map

Terrace Park sits on the more affordable side of Wesley Chapel, a small, low-key pocket of Pasco County where homes are modest in size and the pace is quiet. It's a practical spot for buyers who want a foothold without the price tag of newer master-planned neighborhoods like Epperson or Seven Oaks, and the commute still works — roughly 37 minutes to downtown Tampa and 49 to the airport.

The market here is genuinely entry-level: five homes are active right now with a median list price of $145,000, and the ten sales over the past year closed at a median of $128,500. Homes take about 35 days to sell and sellers are landing around 95% of asking, so there's room to negotiate but not a fire sale. Compare the numbers against pricier options on the live map and it's clear this is one of the lower-cost ways into the area.

Terrace Park is a community in Wesley Chapel, Florida.

Quick facts

$70,000$181K price range

1,104 sqft median home

$46/mo median HOA

11 sold in 12 months

Drive times

Downtown Tampa37 min
Tampa Int’l Airport (TPA)49 min
Walt Disney World75 min

On the market now

Homes for sale in Terrace Park

Every active listing inside the Terrace Park boundary

Open full map search →

The numbers that matter

The Terrace Park market

11

Sold, last 12 months

$129,000

Median sold price

96%

Sale-to-list ratio

What sellers actually get vs asking

40 days

Median time to sell

Terrace Park vs Wesley Chapel

Median list price

Terrace Park$145K
Wesley Chapel Co.$435K

Price per sqft

Terrace Park$110
Wesley Chapel Co.$221

Days on market

Terrace Park38d
Wesley Chapel Co.50d

Median sold price — 3-yr, 3-mo rolling

29.6% yr/yr

$99K$160K$220KOct ’23May ’26

Homes sold per month

023Oct ’23May ’26

Live Stellar MLS data — every listing and closed sale inside the Terrace Park boundary. Rolling medians smooth single-month swings in small communities.

For the school run

Schools Terrace Park is zoned for

Attendance boundaries overlapping this community — always verify zoning with the district.

What it really costs

Owning here

Owning the median Terrace Park home

$1,077/mo

Principal & interest $764
Property tax $57
HOA / fees $46
Insurance (est.) $210

$145,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.

$46/mo

Median HOA

From current listings inside the boundary

Population

537

Median age

49

Median income

$45,500

Median home value

$213,700

Beyond the listings

Living in Terrace Park

Hobbies & Interests

Top 1% in the U.S.

Engine Enthusiast

This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.

Food & Drink

Top 5% in the U.S.

Coffee Connoisseur

Morning java. Cup of Joe. Caffeine in an IV. Whatever they call it, this population loves coffee and the culture around it.

Hobbies & Interests

Top 6% in the U.S.

Handcrafted

The only thing more beautiful than handmade decor? The hands that made it. This population appreciates the time and care put into one-of-a-kind pieces.

Food & Drink

Top 8% in the U.S.

Fueling for Fitness

A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.

Lifestyles

Top 13% in the U.S.

Hipster

This population swims against the tide of mainstream culture. Common interests include old music, antiques, and alternative diets (i.e., veganism).

Food & Drink

Top 15% in the U.S.

Hops & Brews

Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.

Straight answers

Terrace Park FAQs

Is Terrace Park a good place to live?+

It's a quiet, affordable neighborhood that works well for buyers who want to be in Wesley Chapel without the newer-community price tag. The commute is reasonable at about 37 minutes to downtown Tampa, and homes feed into schools like Wesley Chapel High School.

Is Terrace Park expensive?+

No — it's one of the more affordable parts of Wesley Chapel, with a median list price of $145,000 and a range from $79,500 to $212,000. That's a meaningful step below master-planned communities like Saddlebrook and Union Park.

What do homes cost in Terrace Park?+

Active listings range from $79,500 to $212,000 with a median of $145,000, and the average price is about $116 per square foot on a median home size near 1,104 square feet. Over the past year, ten homes sold at a median of $128,500.

How is the market in Terrace Park?+

It's a small, steady market — five homes are active now and ten sold over the last 12 months. Homes take a median of 35 days to sell and sellers are getting about 95% of their asking price, so there's some room to negotiate.

What are the HOA fees and property taxes like?+

They're both light: the median HOA runs about $46 per month and median property taxes are around $690 a year. That keeps ongoing ownership costs low compared to many nearby communities.

Keep exploring

More Wesley Chapel neighborhoods

Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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