Real Estate Investing in Tampa, Florida (33611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33611 (Tampa, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Tampa, FL (33611)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33611 Tampa
ZIP 33611 inside Hillsborough County looks affordable on the surface — median value of $487K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 33611 is solid only for operators who understand what they are buying. A $487K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 33611 and stronger Tampa ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A healthy renter share of 46% in 33611 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. impressive returns are possible in 33611, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Tampa:
Property Strategy for 33611
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $195,441 | $2,140 | 7.9% | +8.0% | $195,441 |
| 2BR | $309,398 | $2,490 | 5.8% | +6.9% | $154,699 |
| 3BR | $482,608 | $3,180 | 4.7% | +7.2% | $160,869 |
| 4BR | $907,237 | $3,880 | 3.1% | +9.0% | $226,809 |
| 5BR | $1,551,800 | — | — | +9.8% | $310,360 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33611 Compare?
| Metric | 33611 | Tampa | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $487,392 | $413,704 | N/A | $374,697 |
| 5-Year CAGR | 4.7% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,414 | $2,087 | N/A | - |
| Cap Rate | 3.9% | 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 33611 (Tampa, 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 | $487,392 |
| Monthly Rent | $2,414 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 33611
Population: 35,428
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 33611
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GRADY ELEMENTARY SCHOOL
LANIER ELEMENTARY SCHOOL
MONROE MIDDLE MAGNET SCHOOL
ROOSEVELT ELEMENTARY SCHOOL
WESTSHORE ELEMENTARY SCHOOL
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
How much should I expect to pay for a home in Tampa, FL?
Typical homes in Tampa, FL go for around $487K. The 5-year CAGR of 0.0% steady price movement.
What monthly rent should investors expect in Tampa, FL?
Average rent in Tampa, FL is approximately $2,414/mo per month. Against $487K home values that yields a reasonable rent-to-price ratio.
What is the tenant pool like in Tampa, FL?
Expect a solid tenant pool in Tampa, FL. The rental market absorbs $2,414/mo rents without meaningful friction.
Does house hacking work in Tampa, FL?
House hacking works a challenging in Tampa, FL. Rents of $2,414/mo against $487K acquisition make the strategy solid for owner-occupants.
Is Tampa, FL better for rentals, flips, or BRRRR?
Tampa, FL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($487K prices, $2,414/mo rents) make it a reasonable choice.
You know 33611 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33611 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 33611 ranks in Tampa-St. Petersburg-Clearwater, FL
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