New Tampa, Tampa, FL—33647
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Tampa, Tampa, FL
As of Oct '25, the median home price in New Tampa, Tampa, FL is $468,000, with a year-over-year change of -4.7%. This indicates that home prices in New Tampa, Tampa, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, 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 | -4.7% |
| Single Family | $497,000 | -4.4% |
| Condos | $176,000 | -15.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | -14.5% |
2 Bed | $200,000 | -12.3% |
3 Bed | $374,000 | -6.3% |
4 Bed | $540,000 | -3.7% |
| 5 Bed | $653,000 | -3.4% |
% of Housing Stock
Rental Trends — New Tampa, Tampa, FL
As of July '25, Rentcast reports the average rent in New Tampa, Tampa, FL is $2,550, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in New Tampa, Tampa, FL is 1-bedrooms: $1,500, 2-bedrooms: $1,790, 3-bedrooms: $2,330, 4-bedrooms: $3,140. The most common rental property sizes in New Tampa, Tampa, FL are 2-bedroom and 1-bedroom, accounting for 47.7% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,750 | $1,790 |
| 3 Bed Rent | $2,300 | $2,330 |
| 4 Bed Rent | $2,930 | $3,140 |
% of Rental Stock
Property Listings — New Tampa, Tampa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in New Tampa, Tampa, FL is 82. This is a increase of 23.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | -4.0% |
Listing Count | 368 | -5.0% |
| Listings as % of Homes | 0.8% | -5.0% |
Days on Market | 82 | 23.0% |
Demographics — New Tampa, Tampa, FL
As of the latest ACS Survey released in 2023, New Tampa, Tampa, FL has a population of 74,900, which has increased by 10.6% over the past 5 years. New Tampa, Tampa, FL is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 60.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 74,900 | 10.6% |
% Under 18 | 25.3% | 2.0% |
% Seniors | 10.7% | 20.2% |
% WFH | 26.0% | 225.0% |
% w/ College Degree | 60.2% | 6.2% |
As of the latest ACS Survey released in 2023, New Tampa, Tampa, FL is a predominantly white area, with 43.0% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in New Tampa, Tampa, FL is hispanic, making up 20.1% of the population. Foreign-born residents account for 26.9% of the population in New Tampa, Tampa, FL, and this percentage has increased by 8.9% 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 | 43.0% | -12.6% |
% Black | 15.9% | 6.0% |
% Hispanic | 20.1% | 16.9% |
% Asian | 16.1% | 5.9% |
% Foreign Born | 26.9% | 8.9% |
Mortgage and Risk — New Tampa, Tampa, FL
According to HUD data as of 2023, there were 1234 mortgage originations in New Tampa, Tampa, FL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in New Tampa, Tampa, FL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,234 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — New Tampa, Tampa, FL
As of 2024, the percent of homes in New Tampa, Tampa, FL under the Section 8 program is 2.2%. 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 New Tampa, 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 | 254 |
Total Units Section 8 | 254 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $640 | $1,500 | $2,140 |
| 2 Bedroom | $760 | $1,750 | $2,510 |
| 3 Bedroom | $910 | $2,300 | $3,210 |
| 4 Bedroom | $980 | $2,930 | $3,910 |
Affordability — New Tampa, Tampa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $468,000 |
| Median Household Income | $105,000 |