The story of this market
The typical home in ZIP 33616 sells for about $515,000, or $335 per square foot.
Prices are down 5% from a year ago, which gives buyers more room to negotiate. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $2,054 a month.
ZIP 33616 — Tampa
The 33616 housing market is currently balanced, with a median sale price of $515,000 and a moderate pace of sales. While prices have seen a slight year-over-year decline, the area remains desirable due to its central location and proximity to major employment hubs. Inventory remains tight, which continues to support price stability despite broader market fluctuations.
This ZIP is well-suited for military personnel, commuters working in downtown Tampa, and investors looking for properties in a high-demand, central location.
Median prices moved down 5.0% year over year.
Homes spend a median of 36 days on market with 1.3 months of supply — a fast-moving market.
32% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 12.6% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 33616, Hillsborough County FL
Schools serving the area are part of the Hillsborough County Public Schools district, with performance varying by specific campus.
The area faces significant flood risk, with approximately 63% of the ZIP code located in flood zones and 97% of the area at low elevation.
The area benefits from its proximity to the South Tampa employment core and MacDill Air Force Base, driving consistent demand for residential housing.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Residents have direct access to the Selmon Expressway and major arterial roads, providing a relatively efficient commute to downtown Tampa and the Westshore business district.
The area features proximity to Tampa Bay waterfront access, local parks, and is within a short drive of major shopping and dining districts in South Tampa.
The rental market is active with demand supported by proximity to military and professional employment hubs; short-term rental activity is present in the area.
The local economy is anchored by MacDill Air Force Base and the broader Tampa professional services and logistics sectors.
The area is served by major highway corridors including the Selmon Expressway, facilitating regional connectivity.
Development is primarily focused on residential infill and the renovation of existing housing stock.
The Hillsborough County Property Appraiser manages assessments, with values adjusted annually based on market data.
Parcels are subject to Hillsborough County school and municipal tax districts.
Property insurance premiums are elevated due to the area's high flood risk and coastal exposure.
Data retrieved from data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Busch Gardens Tampa Bay4.413.5 mi
- ZooTampa at Lowry Park4.610.8 mi
- Adventure Island4.114 mi
- Dave & Buster's Tampa - Brandon4.212.7 mi
- Elev8 Fun4.314.3 mi
- Raymond James Stadium4.57.8 mi
- Benchmark International Arena4.67 mi
- Florida State Fairgrounds4.413.3 mi
- George M. Steinbrenner Field4.78 mi
- Tampa Convention Center4.56.7 mi
- The Florida Aquarium4.57.4 mi
- ZooTampa at Lowry Park4.610.8 mi
- St. Pete Pier4.78.7 mi
- The Dalí Museum4.79.4 mi
- AMC Veterans 244.511.6 mi
- The Dalí Museum4.79.4 mi
- Glazer Children's Museum4.57 mi
- Museum of Science & Innovation - MOSI3.914.9 mi
- Tampa Theatre4.87.2 mi
- Tampa Museum of Art4.27 mi
- St. Pete Pier4.78.7 mi
- Manatee Viewing Center4.79.2 mi
- Tampa Riverwalk4.86.9 mi
- Sunken Gardens4.78.6 mi
- Vinoy Park4.88.5 mi
- Rick's on the River4.37.4 mi
- Tampa Yacht & Country Club4.73.1 mi
- Davis Island Yacht Club4.65.5 mi
- Westshore Yacht Club Marina4.61.1 mi
- Paramount Water Sports & Jet Ski Rental4.86.7 mi
- Topgolf Tampa4.512.6 mi
- Topgolf Saint Petersburg4.48.4 mi
- Rogers Park Golf Course412.3 mi
- Mangrove Bay and Cypress Links Golf Courses46.5 mi
- Cove Cay Golf Club3.712.9 mi
- International Plaza and Bay Street4.66.8 mi
- St. Pete Pier4.78.7 mi
- Hyde Park Village4.75.8 mi
- WestShore Plaza4.45.6 mi
- Tampa International Airport4.67.7 mi
- St. Pete–Clearwater International Airport4.410.4 mi
- Rightway Parking4.36.9 mi
- Ambassador Limousine4.88.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides recreational access and scenic views along the peninsula.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).