Real Estate Investing in Tampa, Florida (33629)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33629 (Tampa, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.9 — hard to cash-flow at these prices.
What’s happening in Tampa, FL (33629)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33629 Tampa
The 33629 ZIP in Tampa, FL is a local-operator market. Outside capital chasing a $1.0M entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 33629 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 33629's metrics run below Hillsborough County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 33629 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 33629 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 33629
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $231,497 | $1,990 | 6.2% | +5.3% | $231,497 |
| 2BR | $590,758 | $2,320 | 2.8% | +8.2% | $295,379 |
| 3BR | $849,374 | $2,970 | 2.5% | +8.3% | $283,125 |
| 4BR | $1,321,357 | $3,610 | 2.0% | +9.5% | $330,339 |
| 5BR | $1,995,331 | — | — | +10.1% | $399,066 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33629 Compare?
| Metric | 33629 | Tampa | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $1,041,130 | $413,704 | N/A | $374,697 |
| 5-Year CAGR | 6.0% | 5.0% | N/A | 7.4% |
| Avg Rent | $3,000 | $2,087 | N/A | - |
| Cap Rate | 2.3% | 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 33629 (Tampa, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33629 (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 | $1,041,130 |
| Monthly Rent | $3,000 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 33629
Population: 27,356
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 33629
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
ANDERSON ELEMENTARY SCHOOL
GORRIE ELEMENTARY SCHOOL
MITCHELL 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
Are there empty rentals in Tampa, FL?
Occupancy in Tampa, FL runs measured with elevated vacancy. Well-priced units at $3,000/mo lease on reasonable timelines.
What is the typical renter like in Tampa, FL?
Working renters make up the core of the Tampa, FL tenant base. The pool is reasonable for investors targeting long-term holds.
Are rents high in Tampa, FL?
Expect rents around $3,000/mo per month in Tampa, FL. With home values at $1.0M, the yield math works out to reasonable levels for rental investors.
Can owner-occupants cash flow in Tampa, FL?
House hacking works a tougher in Tampa, FL. Rents of $3,000/mo against $1.0M acquisition make the strategy solid for owner-occupants.
How does Tampa, FL rate as a rental market?
The 3.0/5 investability rating in Tampa, FL reflects its $1.0M prices and $3,000/mo rents. Investors generally consider it a solid option within FL.
You know 33629 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33629 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 33629 ranks in Tampa-St. Petersburg-Clearwater, FL
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Community Ratings
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