Real Estate Investing in Tampa, Florida (33618)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33618 (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 (33618)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33618 Tampa
ZIP 33618 in Tampa, FL carries a healthy set of headwinds. Home values near $474K and rents of $1,598/mo sit inside a market where underwriting has to be tight.
The 33618 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader FL picture, 33618 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 27,588 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.
Strategically, 33618 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Tampa:
Property Strategy for 33618
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $146,624 | $1,590 | 7.8% | +7.2% | $146,624 |
| 2BR | $255,046 | $1,850 | 5.2% | +8.3% | $127,523 |
| 3BR | $424,814 | $2,370 | 4.0% | +8.7% | $141,605 |
| 4BR | $610,388 | $2,880 | 3.4% | +9.2% | $152,597 |
| 5BR | $874,228 | — | — | +9.6% | $174,846 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33618 Compare?
| Metric | 33618 | Tampa | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $474,377 | $413,704 | N/A | $374,697 |
| 5-Year CAGR | 5.8% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,598 | $2,087 | N/A | - |
| Cap Rate | 2.6% | 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 33618 (Tampa, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33618 (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 | $474,377 |
| Monthly Rent | $1,598 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -4.6% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 33618
Population: 27,588
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 33618
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
CANNELLA ELEMENTARY SCHOOL
CLAYWELL ELEMENTARY SCHOOL
ESSRIG ELEMENTARY SCHOOL
HILL 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 6,202 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Tampa, FL?
Expect median prices around $474K in Tampa, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Is real estate in Tampa, FL a good investment right now?
Tampa, FL scores 3.0/5 for investability. Home values sit at $474K and rents near $1,598/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits Tampa, FL?
The best-fit strategy in Tampa, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How quickly do rentals get leased in Tampa, FL?
Tampa, FL carries elevated vacancy risk. Expect measured absorption at market rents of $1,598/mo.
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.
You know 33618 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33618 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 33618 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
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