Real Estate Investing in Tampa, Florida (33607)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33607 (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: 13.6% of homes vacant — above national norms.
What’s happening in Tampa, FL (33607)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33607 Tampa
Looking more closely, ZIP 33607 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $367K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33607 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Tampa have seen price recovery that 33607 has not matched. Hillsborough County data supports the view that the spread is structural rather than temporary.
From a cash-flow lens, 24,960 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 33607 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Tampa:
Property Strategy for 33607
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $239,209 | $2,080 | 6.3% | +9.2% | $239,209 |
| 2BR | $305,433 | $2,430 | 5.7% | +7.7% | $152,716 |
| 3BR | $393,101 | $3,110 | 5.7% | +8.5% | $131,034 |
| 4BR | $498,934 | $3,780 | 5.5% | +9.0% | $124,733 |
| 5BR | $549,129 | — | — | +10.3% | $109,826 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33607 Compare?
| Metric | 33607 | Tampa | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $366,602 | $413,704 | N/A | $374,697 |
| 5-Year CAGR | 4.9% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,271 | $2,087 | N/A | - |
| Cap Rate | 4.8% | 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 33607 (Tampa, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33607 (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 | $366,602 |
| Monthly Rent | $2,271 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +9.9% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +3.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 33607
Population: 24,960
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 33607
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ALEXANDER ELEMENTARY SCHOOL
CRESTWOOD ELEMENTARY SCHOOL
EGYPT LAKE ELEMENTARY SCHOOL
MITCHELL ELEMENTARY SCHOOL
CAMINITI EXCEPTIONAL CENTER
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 3,859 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Tampa, FL?
Homes in Tampa, FL typically sell near $367K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Are there empty rentals in Tampa, FL?
Tampa, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
Does Tampa, FL make sense for an investment property?
The 3.0/5 investability rating in Tampa, FL reflects its $367K prices and $2,271/mo rents. Investors generally consider it a solid option within FL.
How do landlord-tenant laws work in Tampa, FL?
FL ranks as a landlord-friendly state for landlord-tenant law. Tampa generally follows the statewide framework, so landlords face reasonable operating rules.
How deep is the rental pool in Tampa, FL?
Expect a solid tenant pool in Tampa, FL. The rental market absorbs $2,271/mo rents without meaningful friction.
You know 33607 now. You don’t know where it ranks.
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How 33607 ranks in Tampa-St. Petersburg-Clearwater, FL
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