West Tampa, Tampa, FL—33607
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Tampa, Tampa, FL
As of Oct '25, the median home price in West Tampa, Tampa, FL is $354,000, with a year-over-year change of -7.0%. This indicates that home prices in West Tampa, 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 | $354,000 | -7.0% |
| Single Family | $370,000 | -5.9% |
| Condos | $248,000 | -10.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $239,000 | -7.7% |
2 Bed | $305,000 | -8.4% |
3 Bed | $393,000 | -5.8% |
4 Bed | $499,000 | -3.3% |
| 5 Bed | $549,000 | -2.8% |
% of Housing Stock
Rental Trends — West Tampa, Tampa, FL
As of July '25, Rentcast reports the average rent in West Tampa, Tampa, FL is $2,730, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in West Tampa, Tampa, FL is studios: $1,710, 1-bedrooms: $1,750, 2-bedrooms: $2,440, 3-bedrooms: $3,160, 4-bedrooms: $3,720. The most common rental property sizes in West Tampa, Tampa, FL are 2-bedroom and 1-bedroom, accounting for 43.2% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,730 |
| Studio Rent | $1,800 | $1,710 |
| 1 Bed Rent | $1,400 | $1,750 |
| 2 Bed Rent | $1,950 | $2,440 |
| 3 Bed Rent | $2,900 | $3,160 |
| 4 Bed Rent | $3,900 | $3,720 |
% of Rental Stock
Property Listings — West Tampa, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in West Tampa, Tampa, FL is 60. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 2.0% |
Listing Count | 133 | -1.0% |
| Listings as % of Homes | 0.8% | -1.0% |
Days on Market | 60 | -12.0% |
Demographics — West Tampa, Tampa, FL
As of the latest ACS Survey released in 2023, West Tampa, Tampa, FL has a population of 25,000, which has increased by 4.8% over the past 5 years. West Tampa, Tampa, FL is a less popular place for families, as children make up 13.2% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,000 | 4.8% |
% Under 18 | 13.2% | -30.2% |
% Seniors | 15.9% | -0.6% |
% WFH | 17.0% | 198.2% |
% w/ College Degree | 35.3% | 15.4% |
As of the latest ACS Survey released in 2023, West Tampa, Tampa, FL is a predominantly hispanic area, with 45.4% of the population identifying as hispanic. The hispanic population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in West Tampa, Tampa, FL is white, making up 29.9% of the population. Foreign-born residents account for 28.0% of the population in West Tampa, Tampa, FL, and this percentage has increased by 14.8% 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 | 29.9% | 31.1% |
% Black | 19.6% | -31.9% |
% Hispanic | 45.4% | 0.7% |
% Asian | 2.5% | 4.2% |
% Foreign Born | 28.0% | 14.8% |
Mortgage and Risk — West Tampa, Tampa, FL
According to HUD data as of 2023, there were 293 mortgage originations in West Tampa, Tampa, FL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in West Tampa, Tampa, FL. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 293 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — West Tampa, Tampa, FL
As of 2024, the percent of homes in West Tampa, Tampa, FL under the Section 8 program is 18.5%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in West Tampa, Tampa, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,376 |
Total Units Section 8 | 1,368 |
% Rentals under Section 8 | 18.5% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,400 | $1,960 |
| 2 Bedroom | $350 | $1,950 | $2,300 |
| 3 Bedroom | $40 | $2,900 | $2,940 |
| 4 Bedroom | -$320 | $3,900 | $3,580 |
Affordability — West Tampa, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $354,000 |
| Median Household Income | $66,400 |