Palma Ceia, Tampa, FL—33609
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palma Ceia, Tampa, FL
As of Oct '25, the median home price in Palma Ceia, Tampa, FL is $607,000, with a year-over-year change of -2.4%. This indicates that home prices in Palma Ceia, Tampa, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $607,000 | -2.4% |
| Single Family | $729,000 | -2.4% |
| Condos | $274,000 | -6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $226,000 | -9.6% |
2 Bed | $378,000 | -4.1% |
3 Bed | $647,000 | -2.7% |
4 Bed | $1,176,000 | -2.3% |
| 5 Bed | $2,206,000 | -2.0% |
% of Housing Stock
Rental Trends — Palma Ceia, Tampa, FL
As of July '25, Rentcast reports the average rent in Palma Ceia, Tampa, FL is $2,870, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Palma Ceia, Tampa, FL is studios: $1,700, 1-bedrooms: $1,750, 2-bedrooms: $2,420, 3-bedrooms: $4,390, 4-bedrooms: $4,550. The most common rental property sizes in Palma Ceia, Tampa, FL are 2-bedroom and 1-bedroom, accounting for 40.7% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,370 | $2,870 |
| Studio Rent | $1,500 | $1,700 |
| 1 Bed Rent | $1,700 | $1,750 |
| 2 Bed Rent | $2,300 | $2,420 |
| 3 Bed Rent | $4,000 | $4,390 |
| 4 Bed Rent | $4,680 | $4,550 |
% of Rental Stock
Property Listings — Palma Ceia, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Palma Ceia, Tampa, FL is 81. This is a increase of 25.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $712,000 | -8.0% |
Listing Count | 194 | 22.0% |
| Listings as % of Homes | 1.3% | 22.0% |
Days on Market | 81 | 25.0% |
Demographics — Palma Ceia, Tampa, FL
As of the latest ACS Survey released in 2023, Palma Ceia, Tampa, FL has a population of 17,900, which has decreased by -2.7% over the past 5 years. Palma Ceia, Tampa, FL is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 62.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | -2.7% |
% Under 18 | 18.3% | -2.1% |
% Seniors | 17.0% | 9.7% |
% WFH | 25.9% | 304.7% |
% w/ College Degree | 62.8% | 18.0% |
As of the latest ACS Survey released in 2023, Palma Ceia, Tampa, FL is a predominantly white area, with 63.0% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Palma Ceia, Tampa, FL is hispanic, making up 26.0% of the population. Foreign-born residents account for 17.1% of the population in Palma Ceia, Tampa, FL, and this percentage has increased by 4.9% 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 | 63.0% | -2.5% |
% Black | 4.0% | 11.1% |
% Hispanic | 26.0% | -5.1% |
% Asian | 5.6% | 69.7% |
% Foreign Born | 17.1% | 4.9% |
Mortgage and Risk — Palma Ceia, Tampa, FL
According to HUD data as of 2023, there were 521 mortgage originations in Palma Ceia, Tampa, FL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Palma Ceia, Tampa, FL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 521 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Palma Ceia, Tampa, FL
As of 2024, the percent of homes in Palma Ceia, Tampa, FL under the Section 8 program is 7.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Palma Ceia, Tampa, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 217 |
Total Units Section 8 | 217 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 98.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,700 | $2,000 |
| 2 Bedroom | $50 | $2,300 | $2,350 |
| 3 Bedroom | -$990 | $4,000 | $3,010 |
| 4 Bedroom | -$1,020 | $4,680 | $3,660 |
Affordability — Palma Ceia, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $607,000 |
| Median Household Income | $105,000 |