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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −5.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −10.2% YoY, is the number to watch.
The median listing price is down 5.7% YoY while the median home got up 1.6% bigger, so value per square foot is down 2.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $500K purchase rents for $2,100/mo: 0.42% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Rentals here take about 65 days longer to find a tenant than sales take to go under contract (median across 4 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 33603 itself, not its parent county.
Renters hold 41.7% of this ZIP's 8,721 occupied households, on a median household income of $74K.
| Measure | ZIP 33603 | Hillsborough County | Difference |
|---|---|---|---|
| Median Household Income | $74K | $80K | -$5K |
| Below Poverty Level | 13.8% | 12.7% | +1.1% |
| Median Age | 38.90 | 37.90 | +1.00 |
| Total Population | 19,869 | 1,522,748 | -- |
| Avg Household Size | 2.27 | 2.56 | -0.29 |
| Owner-Occupied | 58.3% | 61.5% | -3.2% |
| Worked From Home | 22.6% | 20.7% | +1.9% |
| Mean Commute | 22.30 | 28.80 | -6.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 2.2% to 1,522,748: residents under 18 are up 1.3% and those 65 and over are up 3.6%.
County median household income is $80K, 12.7% of residents are below the poverty level, 20.7% work from home.