The median home price in Temple Terrace today is $190,000, although homes values range wildly from $125,000 to $800,000—and up. The area east of 56th Street bounded by the Temple Terrace Golf Course is primarily residential: there, you will find beautiful homes shaded by towering trees on quiet streets, as well as million-dollar waterfront homes along the Hillsborough River. The Golf Course makes the neighborhood even more unique; it meanders through the residential development creating a park-like setting along the streets, which are often filled with families cycling, skating or walking, enjoying the lighted after-dinner hours.
However, because Temple Terrace is a “college town,” many rentals are also available; 54% of homes in Temple Terrace are multi-family units. Many condominiums and townhouses are available as well, ranging in price from $75,000 upwards. Tracts of land are also still available, as Temple Terrace is growing, annexing, spilling its bounds. The Villas of Meadowood Oaks is a popular community; it offers single-story and twin villas in a quiet wooded setting surrounded by more than 300 towering oaks. The Terrace of River Landings offers an intimate community of 46 townhouses on the banks of the Hillsborough River. At Hidden Oaks on Terrace Springs Drive, you will find beautiful, contemporary home designs in several models, up to 2,400 square feet. The The Preserve at Temple Terrace, a gated community, offers condominiums starting at $135,000.