Tampa, FL 33611 Real Estate Market Report

ZIP Code: 33611
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Tampa, FL (ZIP: 33611) reflects a median sold price of $530,000, indicating a stable market despite broader regional trends. The neighborhood has increased up since 2023, showcasing localized price appreciation. This upward trajectory in sold prices suggests a resilient demand for properties, even as the overall market stabilizes after a period of rapid appreciation.

Market activity appears moderate, with elevated inventory levels contributing to a slower sales velocity, as evidenced by a median of 186 days on market. This extended duration may indicate a cautious approach from buyers amid elevated interest rate pressure, which currently averages between 5.88% and 6.19% for 30-year fixed mortgages. The median listing price stands at $549,999, creating a notable gap that may reflect seller expectations versus the realities of buyer affordability in the current economic climate.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Tampa market average around 5.88% to 6.19% in February 2026, which is notably lower than the 6.87% average seen one year prior.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $530,000 indicates a stable market with localized price appreciation.

2. With a median days on market of 186, the market is experiencing slower sales velocity, suggesting a cautious buyer sentiment.

3. The median listing price of $549,999 shows a significant gap from sold prices, indicating potential pricing friction for sellers.

4. Elevated interest rate pressure, with current mortgage rates averaging 5.88% to 6.19%, may be impacting buyer affordability and market dynamics.

5. The median market rent of $2,350 reflects strong rental demand, which may provide opportunities for investors despite the overall market conditions.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.