Real Estate Investing in Temple Terrace, Florida (33637)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33637 (Temple Terrace, 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 Temple Terrace, FL (33637)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33637 Temple Terrace
ZIP 33637 inside Hillsborough County looks affordable on the surface — median value of $299K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 33637 can be a a strong candidate for hunting ground — but the discount at $299K reflects genuine risk that outside investors often underestimate.
Regionally, 33637 sits on the difficult end of the FL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 33637 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 33637 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 Temple Terrace:
Property Strategy for 33637
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $123,261 | $1,690 | 9.9% | +7.9% | $123,261 |
| 2BR | $174,040 | $1,970 | 8.1% | +6.9% | $87,020 |
| 3BR | $305,278 | $2,520 | 5.9% | +8.3% | $101,759 |
| 4BR | $388,395 | $3,070 | 5.7% | +8.6% | $97,099 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33637 Compare?
| Metric | 33637 | Temple Terrace | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $299,318 | $300,294 | N/A | $374,697 |
| 5-Year CAGR | 5.5% | 5.6% | N/A | 7.4% |
| Avg Rent | $1,812 | $1,758 | N/A | - |
| Cap Rate | 4.7% | 4.6% | - | - |
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 33637 (Temple Terrace, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33637 (Temple Terrace, FL)?
~25 seconds · no account needed · your report is anonymous
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 | $299,318 |
| Monthly Rent | $1,812 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | -2.8% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 33637
Population: 17,785
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 33637
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
KIMBELL ELEMENTARY SCHOOL
LEWIS ELEMENTARY SCHOOL
TEMPLE TERRACE ELEMENTARY SCHOOL
GRECO MIDDLE MAGNET SCHOOL
RIVERHILLS ELEMENTARY MAGNET 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 smart move for investors in Temple Terrace, FL?
In Temple Terrace, FL the notable play is typically careful cash-flow rentals with hands-on management. The combination of $299K prices and $1,812/mo rents suits that approach.
What are home prices like in Temple Terrace, FL?
Median home price in Temple Terrace, FL is near $299K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is Temple Terrace, FL a good place for real estate investing?
Yes - Temple Terrace, FL a 3.0/5 investability score. With $299K home prices against $1,812/mo monthly rent, the market delivers a reasonable entry point for new investors.
What does house hacking look like in Temple Terrace, FL?
The a challenging house-hack environment in Temple Terrace, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical vacancy rate in Temple Terrace, FL?
Occupancy in Temple Terrace, FL runs predictable with elevated vacancy. Well-priced units at $1,812/mo lease on reasonable timelines.
You know 33637 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33637 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 33637 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33637 (Temple Terrace)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33637 (Temple Terrace, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.