Davis Islands, Tampa, FL—33606
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Davis Islands, Tampa, FL
As of Oct '25, the median home price in Davis Islands, Tampa, FL is $855,000, with a year-over-year change of -4.4%. This indicates that home prices in Davis Islands, 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 | $855,000 | -4.4% |
| Single Family | $1,037,000 | -5.8% |
| Condos | $483,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $289,000 | -6.5% |
2 Bed | $568,000 | -3.7% |
3 Bed | $861,000 | -5.0% |
4 Bed | $1,614,000 | -5.3% |
| 5 Bed | $2,911,000 | -4.1% |
% of Housing Stock
Rental Trends — Davis Islands, Tampa, FL
As of July '25, Rentcast reports the average rent in Davis Islands, Tampa, FL is $3,090, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Davis Islands, Tampa, FL is studios: $1,840, 1-bedrooms: $1,950, 2-bedrooms: $2,920, 3-bedrooms: $4,500, 4-bedrooms: $6,560. The most common rental property sizes in Davis Islands, Tampa, FL are 1-bedroom and 2-bedroom, accounting for 47.1% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $3,090 |
| Studio Rent | $1,720 | $1,840 |
| 1 Bed Rent | $1,800 | $1,950 |
| 2 Bed Rent | $2,600 | $2,920 |
| 3 Bed Rent | $4,300 | $4,500 |
| 4 Bed Rent | $5,600 | $6,560 |
% of Rental Stock
Property Listings — Davis Islands, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Davis Islands, Tampa, FL is 116. 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,100,000 | 5.0% |
Listing Count | 160 | 45.0% |
| Listings as % of Homes | 0.8% | 45.0% |
Days on Market | 116 | 25.0% |
Demographics — Davis Islands, Tampa, FL
As of the latest ACS Survey released in 2023, Davis Islands, Tampa, FL has a population of 23,500, which has increased by 20.8% over the past 5 years. Davis Islands, Tampa, FL is a less popular place for families, as children make up 12.3% of the population. The area has a highly educated workforce, with 76.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 20.8% |
% Under 18 | 12.3% | -2.4% |
% Seniors | 10.0% | -17.4% |
% WFH | 24.1% | 213.0% |
% w/ College Degree | 76.7% | 20.0% |
As of the latest ACS Survey released in 2023, Davis Islands, Tampa, FL is a predominantly white area, with 73.3% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Davis Islands, Tampa, FL is hispanic, making up 14.2% of the population. Foreign-born residents account for 12.4% of the population in Davis Islands, Tampa, FL, and this percentage has increased by 20.4% 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 | 73.3% | -3.2% |
% Black | 4.0% | -45.2% |
% Hispanic | 14.2% | 7.6% |
% Asian | 3.8% | 58.3% |
% Foreign Born | 12.4% | 20.4% |
Mortgage and Risk — Davis Islands, Tampa, FL
According to HUD data as of 2023, there were 293 mortgage originations in Davis Islands, Tampa, FL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Davis Islands, Tampa, FL. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 293 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Davis Islands, Tampa, FL
As of 2024, the percent of homes in Davis Islands, Tampa, FL under the Section 8 program is 1.1%. 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 Davis Islands, 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 | 53 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,800 | $2,360 |
| 2 Bedroom | $170 | $2,600 | $2,770 |
| 3 Bedroom | -$750 | $4,300 | $3,550 |
| 4 Bedroom | -$1,280 | $5,600 | $4,320 |
Affordability — Davis Islands, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $855,000 |
| Median Household Income | $114,000 |