Real Estate Investing in Davenport, Florida (33897)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33897 (Davenport, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 27.7% of homes vacant — above national norms.
What’s happening in Davenport, FL (33897)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33897 Davenport
ZIP 33897 in Davenport, FL carries a significant set of headwinds. Home values near $343K and rents of $2,212/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 33897 can be a a viable market for hunting ground — but the discount at $343K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Davenport have seen price recovery that 33897 has not matched. Polk County data supports the view that the spread is structural rather than temporary.
The 33897 ZIP's population of 29,206 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategically, 33897 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Davenport:
Property Strategy for 33897
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $212,404 | $2,230 | 7.6% | +5.5% | $106,202 |
| 3BR | $300,686 | $3,010 | 7.2% | +7.1% | $100,229 |
| 4BR | $364,159 | $3,740 | 7.4% | +7.8% | $91,040 |
| 5BR | $464,480 | — | — | +8.4% | $92,896 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33897 Compare?
| Metric | 33897 | Davenport | Lakeland-Winter Haven, FL | Florida |
|---|---|---|---|---|
| Home Value | $343,361 | $344,622 | N/A | $374,697 |
| 5-Year CAGR | 4.6% | 3.8% | N/A | 7.4% |
| Avg Rent | $2,212 | $2,017 | N/A | - |
| Cap Rate | 5.0% | 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 33897 (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 | $343,361 |
| Monthly Rent | $2,212 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +3.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). 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 33897
Population: 29,206
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 33897
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 635 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What investment strategy works best in Davenport, FL?
Most investors in Davenport, 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 Davenport, FL a good market for FHA house hackers?
Davenport, FL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $343K price point reasonable to enter.
How much does a house cost in Davenport, FL?
In Davenport, FL the median home value sits at $343K. Against the broader FL market, that reads as reasonable for most investors.
How does Davenport, FL rate as a rental market?
Davenport, FL rates 3.0/5 for investability. With median values at $343K and rents near $2,212/mo, the market offers reasonable fundamentals for rental investors.
How strong is the working-renter base in Davenport, FL?
Tenant demand in Davenport, FL is solid. The local workforce $2,212/mo rents across most rental classes.
You know 33897 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33897 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 33897 ranks in Lakeland-Winter Haven, FL
Every ZIP in this metro, ranked. Free.
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