Sunset Park, Tampa, FL—33629
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sunset Park, Tampa, FL
As of Oct '25, the median home price in Sunset Park, Tampa, FL is $1,002,000, with a year-over-year change of -3.0%. This indicates that home prices in Sunset Park, 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 | $1,002,000 | -3.0% |
| Single Family | $1,034,000 | -3.3% |
| Condos | $804,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $231,000 | -9.4% |
2 Bed | $591,000 | -3.7% |
3 Bed | $849,000 | -3.5% |
4 Bed | $1,321,000 | -1.9% |
| 5 Bed | $1,995,000 | -1.7% |
% of Housing Stock
Rental Trends — Sunset Park, Tampa, FL
As of July '25, Rentcast reports the average rent in Sunset Park, Tampa, FL is $3,480, with a year-over-year rent change of -13.6%. Per bedroom, the median rent as of July '25 in Sunset Park, Tampa, FL is studios: $1,750, 1-bedrooms: $1,710, 2-bedrooms: $2,620, 3-bedrooms: $4,320, 4-bedrooms: $5,910. The most common rental property sizes in Sunset Park, Tampa, FL are 2-bedroom and 1-bedroom, accounting for 41.9% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,480 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | $1,700 | $1,710 |
| 2 Bed Rent | $2,200 | $2,620 |
| 3 Bed Rent | $3,950 | $4,320 |
| 4 Bed Rent | $5,500 | $5,910 |
% of Rental Stock
Property Listings — Sunset Park, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sunset Park, Tampa, FL is 97. This is a increase of 18.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,450,000 | -13.0% |
Listing Count | 299 | 14.0% |
| Listings as % of Homes | 1.6% | 14.0% |
Days on Market | 97 | 18.0% |
Demographics — Sunset Park, Tampa, FL
As of the latest ACS Survey released in 2023, Sunset Park, Tampa, FL has a population of 27,400, which has increased by 5.2% over the past 5 years. Sunset Park, Tampa, FL is a popular place for families, as children make up 28.4% of the population. The area has a highly educated workforce, with 76.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 5.2% |
% Under 18 | 28.4% | 4.4% |
% Seniors | 14.7% | 0.7% |
% WFH | 25.8% | 113.2% |
% w/ College Degree | 76.5% | 13.8% |
As of the latest ACS Survey released in 2023, Sunset Park, Tampa, FL is a predominantly white area, with 76.3% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Sunset Park, Tampa, FL is hispanic, making up 11.5% of the population. Foreign-born residents account for 8.0% of the population in Sunset Park, Tampa, FL, and this percentage has increased by 3.9% 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 | 76.3% | -6.2% |
% Black | 2.5% | 66.7% |
% Hispanic | 11.5% | -8.7% |
% Asian | 3.4% | 30.8% |
% Foreign Born | 8.0% | 3.9% |
Mortgage and Risk — Sunset Park, Tampa, FL
According to HUD data as of 2023, there were 483 mortgage originations in Sunset Park, Tampa, FL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Sunset Park, Tampa, FL. Investor activity is low, as 1.0% 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 | 483 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Sunset Park, Tampa, FL
As of 2024, the percent of homes in Sunset Park, Tampa, FL under the Section 8 program is 1.8%. 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 Sunset Park, 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 | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,700 | $1,980 |
| 2 Bedroom | $120 | $2,200 | $2,320 |
| 3 Bedroom | -$980 | $3,950 | $2,970 |
| 4 Bedroom | -$1,890 | $5,500 | $3,610 |
Affordability — Sunset Park, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $1,002,000 |
| Median Household Income | $158,000 |