Real Estate Investing in Greater Carrollwood, Florida (33624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33624 (Greater Carrollwood, 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 Greater Carrollwood, FL (33624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33624 Greater Carrollwood
On the rental side, ZIP 33624 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $415K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $415K asset, 33624 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 33624 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Turning to rents, 40,533 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Greater Carrollwood:
Property Strategy for 33624
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $157,213 | $1,900 | 8.7% | +8.5% | $157,213 |
| 2BR | $255,103 | $2,210 | 6.2% | +8.6% | $127,551 |
| 3BR | $398,837 | $2,830 | 5.1% | +9.2% | $132,946 |
| 4BR | $512,006 | $3,440 | 4.8% | +9.0% | $128,001 |
| 5BR | $707,906 | — | — | +10.1% | $141,581 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33624 Compare?
| Metric | 33624 | Greater Carrollwood | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $414,549 | $414,549 | N/A | $374,697 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $1,740 | $1,740 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 33624 (Greater Carrollwood, 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 | $414,549 |
| Monthly Rent | $1,740 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | -4.9% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 33624
Population: 40,533
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 33624
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CARROLLWOOD K-8 SCHOOL
CITRUS PARK ELEMENTARY SCHOOL
PLATO ACADEMY TAMPA CHARTER SCHOOL
NORTHWEST ELEMENTARY SCHOOL
SERGEANT PAUL R SMITH 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
How does Greater Carrollwood, FL rate as a rental market?
Greater Carrollwood, FL rates 3.0/5 for investability. With median values at $415K and rents near $1,740/mo, the market offers reasonable fundamentals for rental investors.
Is housing expensive in Greater Carrollwood, FL?
Greater Carrollwood, FL median home values land near $415K. That is reasonable territory for investors looking at $1,740/mo-per-month rentals.
What is the average monthly rent in Greater Carrollwood, FL?
Rent in Greater Carrollwood, FL is around $1,740/mo. The resulting rent-to-value relationship with $415K pricing is reasonable for most investor models.
Are there empty rentals in Greater Carrollwood, FL?
Vacancy in Greater Carrollwood, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,740/mo.
What is it like being a landlord in Greater Carrollwood, FL?
FL law landlord-friendly for landlords, and Greater Carrollwood inherits those rules. Investors should still review local ordinances for rental licensing.
You know 33624 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33624 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 33624 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
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