Real Estate Investing in Wimauma, Florida (33598)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33598 (Wimauma, FL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- 1-year downturn: Values declined 4.3% in the last year.
What’s happening in Wimauma, FL (33598)?
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Market Analysis: 33598 Wimauma
The 33598 ZIP in Wimauma, FL is a local-operator market. Outside capital chasing a $348K entry has to pair deep knowledge with the discount.
On balance, the numbers look inviting — $348K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33598 is substantial and deserves full respect.
Within FL, ZIP 33598 trails on several market indicators that neighboring Hillsborough County submarkets outperform. The gap is real and significant enough to shape underwriting.
The demographic picture in 33598 includes headwinds that any investor should price in. Income distribution skews lower than Wimauma averages, and tenant stability requires active management.
The 33598 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Wimauma:
Property Strategy for 33598
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $336,048 | $1,640 | 3.5% | +4.3% | $168,024 |
| 3BR | $351,430 | $2,100 | 4.3% | +6.2% | $117,143 |
| 4BR | $353,126 | $2,550 | 5.2% | +7.1% | $88,281 |
| 5BR | $394,543 | — | — | +7.6% | $78,909 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33598 Compare?
| Metric | 33598 | Wimauma | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $347,501 | $347,501 | N/A | $374,697 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 7.4% |
| Avg Rent | $2,362 | $2,362 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33598 (Wimauma, FL). Anonymous, moderated, never written by AI.
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Property managers serving Hillsborough County
Manage rentals here? List your business →Dennis Property Management offers rental agency and management services in the Tampa Bay area, including multi-family management, investor packages, and resources for homeowners and tenants. summary from their website
Gain Property Group offers commercial real estate brokerage, property and asset management, and investment opportunities. summary from their website
Ocean Blue Property Management offers residential, multi-family, commercial, and vacation property management services in Tampa Bay and Fort Myers. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $347,501 |
| Monthly Rent | $2,362 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | -4.3% ▼ |
| 3-Year CAGR | -3.8% ▼ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33598
Population: 29,119
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33598
Schools in This ZIP Code
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the average monthly rent in Wimauma, FL?
Expect rents around $2,362/mo per month in Wimauma, FL. With home values at $348K, the yield math works out to reasonable levels for rental investors.
How tight is the rental market in Wimauma, FL?
Wimauma, FL carries elevated vacancy risk. Expect even-keeled absorption at market rents of $2,362/mo.
What approach is best for Wimauma, FL real estate?
The best-fit strategy in Wimauma, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How expensive is real estate in Wimauma, FL?
The median home value in Wimauma, FL is roughly $348K. That puts it reasonable relative to the FL statewide average.
Is Wimauma, FL suited for a house hack?
For house hackers, Wimauma, FL is a challenging. The $2,362/mo rent on a unit helps defray the mortgage on a $348K property.
You know 33598 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33598 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33598 ranks in Tampa-St. Petersburg-Clearwater, FL
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