Carrollwood, Tampa, FL—33618
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carrollwood, Tampa, FL
As of Oct '25, the median home price in Carrollwood, Tampa, FL is $464,000, with a year-over-year change of -2.8%. This indicates that home prices in Carrollwood, Tampa, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $464,000 | -2.8% |
| Single Family | $522,000 | -2.1% |
| Condos | $239,000 | -8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $147,000 | -11.4% |
2 Bed | $255,000 | -7.6% |
3 Bed | $425,000 | -3.4% |
4 Bed | $610,000 | -1.6% |
| 5 Bed | $874,000 | -1.6% |
% of Housing Stock
Rental Trends — Carrollwood, Tampa, FL
As of July '25, Rentcast reports the average rent in Carrollwood, Tampa, FL is $2,770, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Carrollwood, Tampa, FL is studios: $1,230, 1-bedrooms: $1,430, 2-bedrooms: $2,440, 3-bedrooms: $2,700, 4-bedrooms: $4,120. The most common rental property sizes in Carrollwood, Tampa, FL are 1-bedroom and 2-bedroom, accounting for 34.5% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,770 |
| Studio Rent | $1,200 | $1,230 |
| 1 Bed Rent | $1,400 | $1,430 |
| 2 Bed Rent | $2,100 | $2,440 |
| 3 Bed Rent | $2,650 | $2,700 |
| 4 Bed Rent | $3,200 | $4,120 |
% of Rental Stock
Property Listings — Carrollwood, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Carrollwood, Tampa, FL is 64. This is a decrease of -19.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 0.0% |
Listing Count | 159 | 12.0% |
| Listings as % of Homes | 0.7% | 12.0% |
Days on Market | 64 | -19.0% |
Demographics — Carrollwood, Tampa, FL
As of the latest ACS Survey released in 2023, Carrollwood, Tampa, FL has a population of 27,600, which has increased by 1.9% over the past 5 years. Carrollwood, Tampa, FL is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 1.9% |
% Under 18 | 18.8% | 2.2% |
% Seniors | 21.2% | 3.4% |
% WFH | 20.1% | 120.9% |
% w/ College Degree | 47.9% | 5.3% |
As of the latest ACS Survey released in 2023, Carrollwood, Tampa, FL is a predominantly white area, with 62.8% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Carrollwood, Tampa, FL is hispanic, making up 26.1% of the population. Foreign-born residents account for 15.3% of the population in Carrollwood, Tampa, FL, and this percentage has increased by 0.7% 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 | 62.8% | 4.0% |
% Black | 5.0% | -35.9% |
% Hispanic | 26.1% | 2.0% |
% Asian | 2.7% | -34.1% |
% Foreign Born | 15.3% | 0.7% |
Mortgage and Risk — Carrollwood, Tampa, FL
According to HUD data as of 2023, there were 568 mortgage originations in Carrollwood, Tampa, FL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Carrollwood, Tampa, FL. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 568 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Carrollwood, Tampa, FL
As of 2024, the percent of homes in Carrollwood, Tampa, FL under the Section 8 program is 0.6%. 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 units appear to be good home sizes to consider for Section 8 housing in Carrollwood, 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 | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,400 | $1,600 |
| 2 Bedroom | -$220 | $2,100 | $1,880 |
| 3 Bedroom | -$240 | $2,650 | $2,410 |
| 4 Bedroom | -$270 | $3,200 | $2,930 |
Affordability — Carrollwood, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $464,000 |
| Median Household Income | $79,800 |