Real Estate Investing in Tampa, Florida (33616)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33616 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Tampa, FL (33616)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33616 Tampa
Not every below-median market is a bargain. Tampa's 33616 ZIP posts signals that favor experienced operators who can absorb the risk $414K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33616 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader FL picture, 33616 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 33616 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 33616 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Tampa:
Property Strategy for 33616
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $300,839 | $2,300 | 5.5% | +6.9% | $150,420 |
| 3BR | $397,978 | $2,940 | 5.3% | +7.5% | $132,659 |
| 4BR | $606,568 | $3,580 | 4.2% | +8.6% | $151,642 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33616 Compare?
| Metric | 33616 | Tampa | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $414,343 | $413,704 | N/A | $374,697 |
| 5-Year CAGR | 4.4% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,279 | $2,087 | N/A | - |
| Cap Rate | 4.3% | 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 33616 (Tampa, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33616 (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 | $414,343 |
| Monthly Rent | $2,279 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 33616
Population: 14,789
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 33616
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BALLAST POINT ELEMENTARY SCHOOL
CHIARAMONTE ELEMENTARY SCHOOL
TINKER K-8 SCHOOL
ANDERSON ELEMENTARY SCHOOL
MADISON MIDDLE 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
Is the tenant base reliable in Tampa, FL?
The renter base in Tampa, FL is reasonable for the $2,279/mo price point. Screening well and pricing to market typically yields stable tenants.
Is FL a landlord-friendly state?
The landlord environment in Tampa, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are homes affordable in Tampa, FL?
Tampa, FL median home values land near $414K. That is reasonable territory for investors looking at $2,279/mo-per-month rentals.
How strong are rents in Tampa, FL?
The typical rental in Tampa, FL commands about $2,279/mo monthly. That rent profile consistent cash flow against the $414K purchase basis.
Does a duplex house hack pencil in Tampa, FL?
For house hackers, Tampa, FL is a challenging. The $2,279/mo rent on a unit helps defray the mortgage on a $414K property.
You know 33616 now. You don’t know where it ranks.
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How 33616 ranks in Tampa-St. Petersburg-Clearwater, FL
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