Real Estate Investing in Davenport, Florida (33837)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33837 (Davenport, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.3% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.2% in the last year.
What’s happening in Davenport, FL (33837)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33837 Davenport
The 33837 ZIP in Davenport, FL is a local-operator market. Outside capital chasing a $337K entry has to pair deep knowledge with the discount.
The investment case in 33837 is impressive only for operators who understand what they are buying. A $337K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within FL, ZIP 33837 trails on several market indicators that neighboring Polk County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 33837 ZIP's population of 45,144 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 33837 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Davenport:
Property Strategy for 33837
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $280,617 | $2,050 | 5.3% | +6.4% | $140,308 |
| 3BR | $309,871 | $2,770 | 6.4% | +6.6% | $103,290 |
| 4BR | $363,512 | $3,440 | 6.8% | +6.5% | $90,878 |
| 5BR | $451,442 | — | — | +6.9% | $90,288 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33837 Compare?
| Metric | 33837 | Davenport | Lakeland-Winter Haven, FL | Florida |
|---|---|---|---|---|
| Home Value | $336,748 | $344,622 | N/A | $374,697 |
| 5-Year CAGR | 3.6% | 3.8% | N/A | 7.4% |
| Avg Rent | $2,056 | $2,017 | N/A | - |
| Cap Rate | 4.8% | 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 33837 (Davenport, FL). Anonymous, moderated, never written by AI.
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Property managers serving Polk County
Manage rentals here? List your business →All County Polk is a full-service residential property management company in Lakeland, FL, serving Lakeland and surrounding areas in Polk County. summary from their website
Paragon Property Services, LLC offers full-service home inspection services in Central Florida, including Lake, Sumter, Seminole, Orange, Osceola, Polk, Pasco, Hernando, Hillsborough, Volusia, and Cit summary from their website
PMI Arrico Realty and Property Management offers residential property management, investment services, and real estate services in Lakeland, FL. 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 | $336,748 |
| Monthly Rent | $2,056 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | -2.9% ▼ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | +2.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 33837
Population: 45,144
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 33837
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 1,091 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Davenport, FL a good investment right now?
Davenport, FL rates 3.0/5 for investability. With median values at $337K and rents near $2,056/mo, the market offers reasonable fundamentals for rental investors.
What price range are homes in Davenport, FL?
The median home value in Davenport, FL is roughly $337K. That puts it reasonable relative to the FL statewide average.
Which real estate strategy fits Davenport, FL?
The best-fit strategy in Davenport, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What kind of tenants rent in Davenport, FL?
Tenant quality in Davenport, FL ranks as solid. Landlords generally report predictable occupancy at market rents of $2,056/mo.
How high is vacancy risk in Davenport, FL?
Vacancy risk in Davenport, FL is elevated. That supports consistent cash flow for typical rental holds.
You know 33837 now. You don’t know where it ranks.
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How 33837 ranks in Lakeland-Winter Haven, FL
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