Real Estate Investing in Tampa, Florida (33647)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33647 (Tampa, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 (33647)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33647 Tampa
The 33647 ZIP covers a section of Tampa that demands careful diligence. Prices near $472K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33647 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within FL, ZIP 33647 trails on several market indicators that neighboring Hillsborough County submarkets outperform. The gap is real and solid enough to shape underwriting.
Who lives in 33647 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Tampa's stable or hybrid ZIPs before stepping into 33647. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Tampa:
Property Strategy for 33647
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $136,049 | $2,150 | 11.4% | +6.4% | $136,049 |
| 2BR | $199,750 | $2,510 | 9.0% | +6.1% | $99,875 |
| 3BR | $373,977 | $3,210 | 6.2% | +7.9% | $124,659 |
| 4BR | $540,486 | $3,910 | 5.2% | +8.7% | $135,122 |
| 5BR | $652,714 | — | — | +9.2% | $130,543 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33647 Compare?
| Metric | 33647 | Tampa | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $471,709 | $413,704 | N/A | $374,697 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,849 | $2,087 | N/A | - |
| Cap Rate | 3.1% | 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 33647 (Tampa, 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 | $471,709 |
| Monthly Rent | $1,849 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -7.2% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +0.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 33647
Population: 74,919
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 33647
Schools in This ZIP Code
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 strategy should investors use in Tampa, FL?
Most investors in Tampa, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is vacancy a concern in Tampa, FL?
Occupancy in Tampa, FL runs measured with elevated vacancy. Well-priced units at $1,849/mo lease on reasonable timelines.
How does Tampa, FL stack up for property investment?
With a 3.0/5 investability score, Tampa, FL ranks as a solid market for rental property investors. Median prices of $472K and rents of $1,849/mo drive the underlying numbers.
How strict are landlord regulations in Tampa, FL?
Tampa, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is housing expensive in Tampa, FL?
Expect median prices around $472K in Tampa, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
You know 33647 now. You don’t know where it ranks.
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How 33647 ranks in Tampa-St. Petersburg-Clearwater, FL
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