Real Estate Investing in Tampa, Florida (33605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33605 (Tampa, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.0% of homes vacant — above national norms.
- Elevated poverty: 29.4% poverty rate — can affect rent collection.
- Lower household income: $32,381 median — tenant affordability is tighter.
What’s happening in Tampa, FL (33605)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33605 Tampa
The 33605 ZIP in Tampa, FL is a local-operator market. Outside capital chasing a $263K entry has to pair deep knowledge with the discount.
Rent of $1,894/mo on a $263K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33605 sits below the stated 0.0% once reality is priced in.
Regionally, 33605 sits on the difficult end of the FL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 33605 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 33605 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 Tampa:
Property Strategy for 33605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $178,452 | $1,410 | 5.7% | +4.9% | $178,452 |
| 2BR | $217,217 | $1,640 | 5.4% | +6.4% | $108,609 |
| 3BR | $282,515 | $2,100 | 5.4% | +8.5% | $94,172 |
| 4BR | $307,798 | $2,550 | 6.0% | +9.4% | $76,949 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33605 Compare?
| Metric | 33605 | Tampa | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $263,454 | $413,704 | N/A | $374,697 |
| 5-Year CAGR | 4.3% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,894 | $2,087 | N/A | - |
| Cap Rate | 5.6% | 3.9% | - | - |
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 33605 (Tampa, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33605 (Tampa, FL)?
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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 | $263,454 |
| Monthly Rent | $1,894 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +12.7% ▲ |
🏠 Rent Trends
| 1-Year | -6.1% ▼ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.6%). 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 33605
Population: 16,623
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 33605
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,281 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Tampa, FL make sense for an investment property?
The 3.0/5 investability rating in Tampa, FL reflects its $263K prices and $1,894/mo rents. Investors generally consider it a solid option within FL.
How much do tenants pay in Tampa, FL?
Rent in Tampa, FL is around $1,894/mo. The resulting rent-to-value relationship with $263K pricing is reasonable for most investor models.
Is the tenant base reliable in Tampa, FL?
The renter base in Tampa, FL is reasonable for the $1,894/mo price point. Screening well and pricing to market typically yields measured tenants.
What type of investing works in Tampa, FL?
Investors usually favor careful cash-flow rentals with hands-on management in Tampa, FL. With home values at $263K and rents near $1,894/mo, other strategies can work but produce stable rather than outsized returns.
What are vacancy rates like in Tampa, FL?
Vacancy in Tampa, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,894/mo.
You know 33605 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33605 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 33605 ranks in Tampa-St. Petersburg-Clearwater, FL
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