Balm

Population: 5,362
Median household income: $104,347
Median home value: $312,600

Located in Hillsborough County, Florida, Balm is a community with a population of 5,362. The median household income of $104,347 is above the Hillsborough County median ($75,011).

From 2019 to 2023, Balm's population grew 22.9% from 4,362 to 5,362, while its median home value rose 43.1% from $218,500 to $312,600.

The largest age group is 35 to 44, 21.7% of residents. White (non-Hispanic) residents are the largest group, 36.3% of the population.

Demographics

ACS 2019–2023

Population: 5,362
Median age: 33.5 yrs
Median household income: $104,347
Median home value: $312,600
Median gross rent: $1,679
Housing units: 2,015
Homeownership rate: 86.5%
Bachelor's degree or higher: 24.2%
Unemployment rate: 7.4%

Trends

ACS 5-year · 2019–2023

Population

4,3625,362

Median household income

$83,993$104,347

Median home value

$218,500$312,600

Median gross rent

$1,534$1,679

Year	Population	Median household income	Median home value	Median gross rent
2019	4,362	$83,993	$218,500	$1,534
2020	3,981	$83,304	$224,100	$1,703
2021	5,046	$96,406	$237,800	$1,824
2022	5,397	$102,162	$296,800	$1,675
2023	5,362	$104,347	$312,600	$1,679

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 59.3%

5 to 1716.3%

18 to 247.1%

25 to 3420.6%

35 to 4421.7%

45 to 5411.8%

55 to 644.7%

65 to 747.0%

75 and over1.3%

	Count	Share
Under 5	500	9.3%
5 to 17	873	16.3%
18 to 24	383	7.1%
25 to 34	1,106	20.6%
35 to 44	1,166	21.7%
45 to 54	634	11.8%
55 to 64	251	4.7%
65 to 74	377	7.0%
75 and over	72	1.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,948	36.3%
Black or African American	1,742	32.5%
American Indian & Alaska Native	0	0.0%
Asian	173	3.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	205	3.8%
Hispanic or Latino (any race)	1,294	24.1%

Educational attainment (age 25+)

No high school diploma18.2%

High school graduate27.5%

Some college or associate's30.1%

Bachelor's degree18.6%

Graduate or professional degree5.7%

	Count	Share
No high school diploma	658	18.2%
High school graduate	991	27.5%
Some college or associate's	1,084	30.1%
Bachelor's degree	669	18.6%
Graduate or professional degree	204	5.7%

Commute to work

Mean travel time to work: 38 min

Drove alone73.6%

Carpooled14.7%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home11.8%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	2,359	73.6%
Carpooled	470	14.7%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	377	11.8%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	233	8.2%
15 to 29 min	677	23.9%
30 to 44 min	672	23.8%
45 to 59 min	496	17.5%
60+ min	751	26.5%

Households

Average household size: 2.79
Poverty rate: 2.7% (145 of 5,330)

	Count	Share
Family households	1,395	72.6%
Nonfamily households	526	27.4%

Housing

Median year structure built: 2014

Occupancy

	Count	Share
Occupied	1,921	95.3%
Vacant	94	4.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,661	86.5%
Renter-occupied	260	13.5%

1-unit, detached87.5%

1-unit, attached1.3%

2 to 4 units0.0%

5 to 19 units0.7%

20 or more units0.0%

Mobile home & other10.4%

Units in structure

	Count	Share
1-unit, detached	1,764	87.5%
1-unit, attached	27	1.3%
2 to 4 units	0	0.0%
5 to 19 units	15	0.7%
20 or more units	0	0.0%
Mobile home & other	209	10.4%

Geography

Place GEOID: 1203375
Type (LSAD): 57
Land area: 10 sq mi
Water area: 0.1 sq mi
Center point: 27.7530, -82.2895