Ballast Point, Tampa, FL—33611
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ballast Point, Tampa, FL
As of Oct '25, the median home price in Ballast Point, Tampa, FL is $468,000, with a year-over-year change of -5.9%. This indicates that home prices in Ballast Point, Tampa, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $468,000 | -5.9% |
| Single Family | $506,000 | -5.9% |
| Condos | $238,000 | -8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $195,000 | -8.0% |
2 Bed | $309,000 | -9.4% |
3 Bed | $483,000 | -5.8% |
4 Bed | $907,000 | -2.6% |
| 5 Bed | $1,552,000 | -1.7% |
% of Housing Stock
Rental Trends — Ballast Point, Tampa, FL
As of July '25, Rentcast reports the average rent in Ballast Point, Tampa, FL is $3,060, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Ballast Point, Tampa, FL is studios: $1,730, 1-bedrooms: $1,860, 2-bedrooms: $2,210, 3-bedrooms: $3,270, 4-bedrooms: $5,070. The most common rental property sizes in Ballast Point, Tampa, FL are 1-bedroom and 2-bedroom, accounting for 40.0% and 37.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,060 |
| Studio Rent | $1,800 | $1,730 |
| 1 Bed Rent | $1,650 | $1,860 |
| 2 Bed Rent | $1,980 | $2,210 |
| 3 Bed Rent | $3,050 | $3,270 |
| 4 Bed Rent | $4,500 | $5,070 |
% of Rental Stock
Property Listings — Ballast Point, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ballast Point, Tampa, FL is 69. This is a increase of 8.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $534,000 | -4.0% |
Listing Count | 287 | 13.0% |
| Listings as % of Homes | 1.2% | 13.0% |
Days on Market | 69 | 8.0% |
Demographics — Ballast Point, Tampa, FL
As of the latest ACS Survey released in 2023, Ballast Point, Tampa, FL has a population of 35,400, which has increased by 11.4% over the past 5 years. Ballast Point, Tampa, FL is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 55.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,400 | 11.4% |
% Under 18 | 18.6% | 3.9% |
% Seniors | 16.4% | 3.8% |
% WFH | 20.0% | 263.6% |
% w/ College Degree | 55.5% | 16.4% |
As of the latest ACS Survey released in 2023, Ballast Point, Tampa, FL is a predominantly white area, with 69.7% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Ballast Point, Tampa, FL is hispanic, making up 13.8% of the population. Foreign-born residents account for 12.0% of the population in Ballast Point, Tampa, FL, and this percentage has increased by 6.2% 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 | 69.7% | -0.1% |
% Black | 6.1% | -7.6% |
% Hispanic | 13.8% | -13.2% |
% Asian | 4.7% | 2.2% |
% Foreign Born | 12.0% | 6.2% |
Mortgage and Risk — Ballast Point, Tampa, FL
According to HUD data as of 2023, there were 682 mortgage originations in Ballast Point, Tampa, FL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Ballast Point, Tampa, FL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 682 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Ballast Point, Tampa, FL
As of 2024, the percent of homes in Ballast Point, Tampa, FL under the Section 8 program is 5.2%. 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 Ballast Point, 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 | 561 |
Total Units Section 8 | 411 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 96.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,650 | $1,990 |
| 2 Bedroom | $350 | $1,980 | $2,330 |
| 3 Bedroom | -$70 | $3,050 | $2,980 |
| 4 Bedroom | -$870 | $4,500 | $3,630 |
Affordability — Ballast Point, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $468,000 |
| Median Household Income | $82,800 |