Market Snapshot
- Median listing price
- $429K
- Median rent
- $2,550/mo
- Days on market
- 345 days
- Gross rental yield
- 7.13%
- STR vs LTR
- $1,646/mo STR · $2,550/mo LTR
The median listing price in Tampa, FL ZIP 33616 is $429,000 as of June 2026.
The median market rent in Tampa, FL ZIP 33616 is $2,550/month as of June 2026.
The median days on market in Tampa, FL ZIP 33616 is 345 days as of June 2026. The market is currently neutral.
At a median list price of $429,000 and a median rent of $2,550/month, the gross rental yield in Tampa, FL ZIP 33616 is 7.13% as of June 2026.
In Tampa, FL ZIP 33616, median Airbnb revenue is $1,646/month compared to median long-term rent of $2,550/month as of June 2026.
Tampa, FL 33616 Real Estate Market Report
ZIP Code: 33616
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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.
Market Metrics
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.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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 FL 33616 market average 6.46%, reflecting the prevailing interest rate environment for property owners in this area as of June 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price $381,000 is the primary indicator of recent transaction value in 33616; paired with a median listing price $429,000, this gap suggests pricing friction where seller expectations appear above realized sale levels, which may indicate downward pressure on asking prices.
- median days on market 345 points to slower sales velocity and extended marketing periods; combined with elevated inventory relative to sales activity, this suggests liquidity is softer than in a typical turnaround market and that sellers may face longer wait times to close transactions, which appears to increase negotiation leverage for buyers.
- market temperature neutral alongside interest rate pressure elevated and a reported 30-year fixed average 6.46% signals a constrained affordability environment where higher financing costs are a headwind to price recovery; this increases sensitivity to rate movements for both buyers and investor purchasers.
- median market rent $2,550 with a rent year-over-year trend down indicates modest softening in rental income; while overall rent pressure is negative, background context shows single-family rentals are performing relatively better, so investors should prioritize SFR product-market fit and underwriting discipline, which warrants a selective leasing strategy.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.2% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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