Zip Code 33647

Tampa, FLHillsborough County

Real Estate Market Analysis

Q3 2025 Report
$480,000 (June 2025)
Median Home Value
~66,000 (2024 est.)
Population
$82,000 (est. 2024)
Median Income
B+ (Niche, 2024)
School District Rating

Market Statistics

Property Values

$480,000 (June 2025)
Median Home Value
$2,400–$2,700 (est. for 2025, varies by property type)
Median Rent
$209 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation-1.2% YoY (June 2025); Tampa metro down -4.1% YoY; forecasts suggest further declines up to -7.7% metro-wide into 2026[2][3]
Market VelocityMedian days on market: 52 (up from 23 YoY, Tampa-wide)[1]; Neutral market (not strongly favoring buyers or sellers)[2]
Foreclosure RateSlight uptick, but not at crisis levels (Tampa-wide trend)[3]

Area Information

Area Sizeapprox. 32 sq mi
CountyHillsborough
Primary CityTampa

Housing Profile

Housing Statistics

Total Housing Units~25,000 (est.)
Owner Occupied~60% (est.)
Rental Properties~40% (est.)
Vacant Units~6% (est., up slightly with rising inventory)[3]
New ConstructionActive, but builders are cutting prices to move inventory[3]

Housing Types

Single-family homesTownhomesCondosApartments

Demographics

~66,000 (2024 est.)
Population
37
Median Age
$82,000 (est. 2024)
Median Income
~96% (unemployment ~4%)
Employment Rate
High: 45%+ bachelor's degree or higher (above Tampa average)
Education Levels
Predominantly families and professionals; high proportion of married couples with children
Family Composition

Education Quality

School District Performance

B+ (Niche, 2024)
District Rating
School DistrictHillsborough County Public Schools
Test ScoresAbove state average (notably in math and reading)
Graduation Rates~90% (district-wide)

Schools in Area

  • Benito Middle
  • Wharton High
  • Turner/Bartels K-8
  • Pride Elementary
  • Chiles Elementary

Economic Factors

Employment & Business

Job GrowthStrong, led by healthcare, education, tech, and insurance[1]
Unemployment Rate~4% (Tampa metro, 2025)
Business EnvironmentFavorable; continued corporate relocations and expansions
Commercial ActivityRobust retail, medical, and office presence; New Tampa area is a regional employment hub

Major Employers

  • AdventHealth Tampa
  • Moffitt Cancer Center
  • USAA
  • BayCare Health
  • University of South Florida (nearby)

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-75
  • Bruce B. Downs Blvd
  • HART bus routes

Utilities & Services

  • TECO (electric/gas)
  • City water/sewer
  • Spectrum, Frontier (internet)

Quality of Life

Safety & Environment

Lower than Tampa average; property crime moderate, violent crime low

Good; ample green space, parks, and trails

Healthcare Access

  • AdventHealth Tampa
  • Moffitt Cancer Center
  • BayCare clinics

Development Trends

Planned Developments

  • Mixed-use projects along Bruce B. Downs
  • New apartment complexes
  • Retail expansions

Infrastructure Projects

  • Road widening (Bruce B. Downs)
  • Stormwater upgrades

Investment Outlook

Growth Outlook

Moderate; population and housing growth slowing but stable

Investment Opportunities

  • Single-family rentals
  • Value-add multifamily
  • Retail/medical office conversions

Marketing Intelligence

Target Demographics

  • Young families
  • Medical professionals
  • Relocating executives
  • Investors

Competitive Advantages

  • Top-rated schools
  • Modern housing stock
  • Access to major employers
  • Lower crime vs. urban core

Pricing Strategies

Competitive pricing; highlight recent price reductions and seller incentives

Common Objections & Response Strategies

Objection: Concerns about declining home values

Response Strategy:

Emphasize long-term stability, quality of schools, and value for buyers entering at lower prices

Objection: Rising inventory and longer days on market

Response Strategy:

Highlight increased selection and negotiating power for buyers; sellers can offer incentives

Objection: Traffic congestion

Response Strategy:

Point to ongoing road improvements and proximity to major highways

Professional Recommendations

1

Advise sellers to price competitively and offer incentives (rate buydowns, closing costs)

2

Target buyers with messaging about increased selection and negotiating power

3

Highlight school quality, healthcare access, and community amenities

4

Monitor inventory trends and price reductions closely

5

Focus on long-term value and rental potential for investors

Competitive Analysis

Comparable Markets

  • 33626 (Westchase)
  • 33543 (Wesley Chapel)
  • 33613 (USF area)

Market Positioning

Family-friendly, suburban, high-amenity community

Competitive Advantages

  • Newer homes
  • Better schools
  • Lower crime

Price Comparison

Median price higher than Tampa average ($480k vs. $430k), but price per sqft lower ($209 vs. $276)[2][4]

Investment Metrics

4.5%–5.5% (single-family rental, 2025 est.)
Cap Rates
~5% gross yield
Rental Yields
~17–19 (moderate for Tampa)
Price-to-Rent
Positive for well-managed rentals; best for long-term holds
Cash Flow
Flat to -5% through 2026, then stabilizing[3]
Appreciation

Buyer Journey Insights

First-Time Buyers

More options, less competition, ability to negotiate closing costs and repairs

Move-Up Buyers

Can leverage equity from prior homes; more inventory in higher price brackets

Downsizers

Good selection of low-maintenance townhomes and condos

Investors

Opportunities in single-family and multifamily rentals as prices correct

Relocators

Appealing due to schools, healthcare, and suburban amenities

This zip code analysis was generated using comprehensive market data and AI intelligence.

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

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