Downtown, Tampa, FL—33602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Tampa, FL
As of Oct '25, the median home price in Downtown, Tampa, FL is $531,000, with a year-over-year change of -5.3%. This indicates that home prices in Downtown, Tampa, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $531,000 | -5.3% |
| Single Family | $592,000 | -3.3% |
| Condos | $494,000 | -6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $370,000 | -7.3% |
2 Bed | $499,000 | -6.9% |
3 Bed | $664,000 | -2.8% |
4 Bed | $994,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Tampa, FL
As of July '25, Rentcast reports the average rent in Downtown, Tampa, FL is $3,410, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in Downtown, Tampa, FL is studios: $2,090, 1-bedrooms: $2,400, 2-bedrooms: $3,400, 3-bedrooms: $4,200, 4-bedrooms: $5,140. The most common rental property sizes in Downtown, Tampa, FL are 1-bedroom and 2-bedroom, accounting for 42.2% and 36.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,410 |
| Studio Rent | $2,040 | $2,090 |
| 1 Bed Rent | $2,400 | $2,400 |
| 2 Bed Rent | $3,300 | $3,400 |
| 3 Bed Rent | $4,000 | $4,200 |
| 4 Bed Rent | $5,200 | $5,140 |
% of Rental Stock
Property Listings — Downtown, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Tampa, FL is 105. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $811,000 | 7.0% |
Listing Count | 273 | 39.0% |
| Listings as % of Homes | 1.2% | 39.0% |
Days on Market | 105 | 32.0% |
Demographics — Downtown, Tampa, FL
As of the latest ACS Survey released in 2023, Downtown, Tampa, FL has a population of 19,700, which has increased by 36.7% over the past 5 years. Downtown, Tampa, FL is a less popular place for families, as children make up 12.1% of the population. The area has a highly educated workforce, with 60.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | 36.7% |
% Under 18 | 12.1% | 0.8% |
% Seniors | 12.6% | -13.1% |
% WFH | 26.0% | 165.3% |
% w/ College Degree | 60.8% | 13.6% |
As of the latest ACS Survey released in 2023, Downtown, Tampa, FL is a predominantly white area, with 55.2% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Downtown, Tampa, FL is hispanic, making up 22.2% of the population. Foreign-born residents account for 16.8% of the population in Downtown, Tampa, FL, and this percentage has increased by 18.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.2% | -3.3% |
% Black | 13.7% | -28.6% |
% Hispanic | 22.2% | 14.4% |
% Asian | 4.7% | 42.4% |
% Foreign Born | 16.8% | 18.3% |
Mortgage and Risk — Downtown, Tampa, FL
According to HUD data as of 2023, there were 223 mortgage originations in Downtown, Tampa, FL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown, Tampa, FL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 223 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Downtown, Tampa, FL
As of 2024, the percent of homes in Downtown, Tampa, FL under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Downtown, Tampa, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,156 |
Total Units Section 8 | 1,136 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $2,400 | $2,530 |
| 2 Bedroom | -$330 | $3,300 | $2,970 |
| 3 Bedroom | -$200 | $4,000 | $3,800 |
| 4 Bedroom | -$570 | $5,200 | $4,630 |
Affordability — Downtown, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $531,000 |
| Median Household Income | $88,600 |