South Tampa

Tampa, FL

Neighborhood Market Analysis

Q3 2025 Report
$650,000 (as of mid-2025, varies by micro-neighborhood)
Median Home Price
65–85 (varies by sub-neighborhood; Hyde Park and Bayshore highest)
Walkability Score
Consistently A-rated public schools; private options highly regarded.
School Rating

Location Overview

Neighborhood Boundaries

South Tampa is generally defined as the area south of Kennedy Boulevard, bordered by Tampa Bay to the west and south, and Hillsborough Bay to the east. It includes neighborhoods such as Hyde Park, Palma Ceia, Bayshore Beautiful, and Ballast Point.

Zip Codes

3360633609336113361633629

Market Data Summary

Price Range$400,000 (entry-level condos/townhomes) to $5M+ (luxury waterfront estates)
Price per Sq Ft$370–$600/sq ft (depending on proximity to Bayshore, lot size, and updates)
Inventory LevelsHigh—1,141 homes for sale in June 2025, up 0.6% MoM and part of a 36% YoY increase metro-wide. More options for buyers, less competition.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomesCondosLuxury waterfront estates

Architectural Styles

CraftsmanMediterranean RevivalBungalowContemporaryModern infill

Property Details

Typical Lot Sizes0.15–0.35 acres (larger on waterfront or estate lots)
Home Age Range1920s–2025 (mix of historic, mid-century, and new construction)
Construction QualityGenerally high, especially in recent builds and renovated historic homes. Some older stock may require updates.

Community Profile

Demographics & Lifestyle

Demographics

Affluent, highly educated, mix of young professionals, established families, and retirees. Median household income well above Tampa average.

Community Vibe

Active, upscale, social, with a blend of historic charm and modern luxury. Strong neighborhood associations and civic engagement.

Typical Residents

  • Young professionals
  • Families with children
  • Executives
  • Retirees

Family Friendly

Very—top-rated schools, parks, and family amenities. Strong sense of community.

Amenities & Lifestyle

Parks & Recreation

  • Bayshore Boulevard linear park
  • Ballast Point Park
  • Hyde Park Village green spaces

Dining Options

  • Fine dining (Bern's Steak House, On Swann)
  • Trendy cafes
  • Craft breweries
  • International cuisine

Shopping Centers

  • Hyde Park Village
  • Westshore Plaza (nearby)
  • Local boutiques on MacDill Ave and Howard Ave

Local Businesses

  • Boutique fitness studios
  • Coffee shops
  • Local boutiques
  • Professional services

Education & Schools

Consistently A-rated public schools; private options highly regarded.
Overall School Rating

Elementary Schools

  • Mitchell Elementary
  • Roosevelt Elementary
  • Ballast Point Elementary

Middle Schools

  • Coleman Middle
  • Wilson Middle

High Schools

  • Plant High School (A-rated)

Private Schools

  • Academy of the Holy Names
  • Tampa Preparatory School
  • Jesuit High School

Transportation & Accessibility

Transit & Roads

Public Transit

  • HART bus routes
  • Downtown streetcar (Hyde Park access)

Major Roads

  • Bayshore Blvd
  • Kennedy Blvd
  • Dale Mabry Hwy
  • MacDill Ave

Commute & Walkability

Commute Times10–20 minutes to downtown Tampa, 15–30 minutes to TPA airport, 30–45 minutes to St. Pete/Clearwater beaches.
WalkabilityHigh in Hyde Park, Palma Ceia, and Bayshore; car needed for errands in Ballast Point and further south.
ParkingStreet and driveway parking common; some congestion near Bayshore and Hyde Park.

Marketing Intelligence

Target Buyer Types

  • Affluent families
  • Young professionals
  • Executives relocating
  • Retirees seeking walkability

Key Selling Points

  • Top-rated schools
  • Historic charm with modern amenities
  • Walkability to dining, shopping, and Bayshore Blvd
  • Strong community vibe

Pricing Considerations

Homes must be priced competitively—buyers expect concessions or upgrades. Overpriced homes linger and face price cuts.

Common Objections & Response Strategies

Objection: Flood risk and insurance costs

Response Strategy:

Provide elevation certificate, highlight flood mitigation features, and compare insurance quotes.

Objection: Older homes need renovation

Response Strategy:

Showcase recent updates or provide renovation cost estimates and reputable contractor contacts.

Objection: Market correction and price uncertainty

Response Strategy:

Emphasize long-term value, location, and current buyer leverage for negotiation.

Objection: Traffic and parking near Bayshore/Hyde Park

Response Strategy:

Highlight off-street parking, walkability, and alternative commute options.

Investment Insights

Investment Potential

Appreciation Potential

Moderate—recent correction means less short-term upside, but long-term fundamentals strong due to location, schools, and amenities.

Rental Demand

High—desirable for corporate relocations, medical professionals, and families. Short-term rental restrictions in some areas.

Buyer Competition

Lower than 2021–2023; buyers have more leverage, especially for homes needing updates.

Best For

  • Move-up buyers
  • Executives
  • Families
  • Long-term investors

Potential Concerns

  • Flood insurance costs
  • Older homes needing renovation
  • Price sensitivity in a correcting market

Professional Recommendations

1

Price homes realistically based on recent comps and condition.

2

Stage and professionally photograph every listing.

3

Educate buyers about flood risk and insurance early in the process.

4

Leverage virtual tours and social media for maximum exposure.

5

Highlight school ratings, walkability, and community amenities in all marketing.

6

Prepare for longer days on market and negotiate proactively.

Competitive Analysis

Comparable Markets

  • Westchase
  • Carrollwood
  • Seminole Heights
  • Downtown Tampa

Market Positioning

Premier urban-suburban neighborhood for affluent buyers seeking lifestyle, schools, and amenities.

Competitive Advantages

  • Best walkability in Tampa
  • Top public schools
  • Historic and luxury home mix
  • Proximity to downtown and waterfront

Price Comparison

South Tampa commands a 20–40% premium over most Tampa neighborhoods, justified by location and schools.

Investment Metrics

3.5–4.5% (single-family rentals)
Cap Rates
4–5% gross annual yield typical for long-term rentals
Rental Yields
23–27 (higher than Tampa average, reflecting owner-occupant demand)
Price-to-Rent
Neutral to modest positive for well-priced properties; best for appreciation and lifestyle investors.
Cash Flow
Flat to +2% over next 12 months; stronger long-term due to fundamentals.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to price point; best options are condos/townhomes or homes needing updates.

Move-Up Buyers

Strong fit—can leverage equity and access top schools/amenities.

Downsizers

Appealing for walkability and low-maintenance options (condos, townhomes).

Investors

Best for long-term appreciation or executive rentals; short-term rental restrictions apply.

Relocators

Highly desirable for executives and professionals; proximity to downtown, airport, and hospitals.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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