Palm River-Clair Mel, Tampa, FL—33619
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palm River-Clair Mel, Tampa, FL
As of Oct '25, the median home price in Palm River-Clair Mel, Tampa, FL is $281,000, with a year-over-year change of -5.5%. This indicates that home prices in Palm River-Clair Mel, Tampa, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $281,000 | -5.5% |
| Single Family | $288,000 | -5.3% |
| Condos | $194,000 | -6.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $161,000 | -8.0% |
2 Bed | $231,000 | -7.6% |
3 Bed | $288,000 | -5.3% |
4 Bed | $333,000 | -3.2% |
| 5 Bed | $415,000 | -3.3% |
% of Housing Stock
Rental Trends — Palm River-Clair Mel, Tampa, FL
As of July '25, Rentcast reports the average rent in Palm River-Clair Mel, Tampa, FL is $2,060, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Palm River-Clair Mel, Tampa, FL is studios: $1,500, 1-bedrooms: $1,350, 2-bedrooms: $1,850, 3-bedrooms: $2,160, 4-bedrooms: $2,470. The most common rental property sizes in Palm River-Clair Mel, Tampa, FL are 2-bedroom and 3-bedroom, accounting for 43.8% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,060 |
| Studio Rent | $1,590 | $1,500 |
| 1 Bed Rent | $1,450 | $1,350 |
| 2 Bed Rent | $1,800 | $1,850 |
| 3 Bed Rent | $2,040 | $2,160 |
| 4 Bed Rent | $2,500 | $2,470 |
% of Rental Stock
Property Listings — Palm River-Clair Mel, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Palm River-Clair Mel, Tampa, FL is 60. This is a increase of 10.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -2.0% |
Listing Count | 151 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 60 | 10.0% |
Demographics — Palm River-Clair Mel, Tampa, FL
As of the latest ACS Survey released in 2023, Palm River-Clair Mel, Tampa, FL has a population of 40,300, which has increased by 1.4% over the past 5 years. Palm River-Clair Mel, Tampa, FL is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,300 | 1.4% |
% Under 18 | 24.0% | -0.8% |
% Seniors | 11.4% | 17.5% |
% WFH | 17.4% | 346.2% |
% w/ College Degree | 23.5% | 47.8% |
As of the latest ACS Survey released in 2023, Palm River-Clair Mel, Tampa, FL is a predominantly hispanic area, with 36.0% of the population identifying as hispanic. The hispanic population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Palm River-Clair Mel, Tampa, FL is black, making up 29.4% of the population. Foreign-born residents account for 21.5% of the population in Palm River-Clair Mel, Tampa, FL, and this percentage has increased by 24.3% 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 | 26.8% | 11.7% |
% Black | 29.4% | -23.0% |
% Hispanic | 36.0% | -1.1% |
% Asian | 3.3% | 50.0% |
% Foreign Born | 21.5% | 24.3% |
Mortgage and Risk — Palm River-Clair Mel, Tampa, FL
According to HUD data as of 2023, there were 502 mortgage originations in Palm River-Clair Mel, Tampa, FL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Palm River-Clair Mel, Tampa, FL. Investor activity is low, as 2.0% 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 | 502 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Palm River-Clair Mel, Tampa, FL
As of 2024, the percent of homes in Palm River-Clair Mel, Tampa, FL under the Section 8 program is 7.2%. 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. In Palm River-Clair Mel, Tampa, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 580 |
Total Units Section 8 | 512 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,450 | $1,830 |
| 2 Bedroom | $350 | $1,800 | $2,150 |
| 3 Bedroom | $710 | $2,040 | $2,750 |
| 4 Bedroom | $850 | $2,500 | $3,350 |
Affordability — Palm River-Clair Mel, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $281,000 |
| Median Household Income | $63,200 |