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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 −1.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +35.6% YoY, is the number to watch.
The median listing price is down 1.3% YoY while the median home got up 1.1% bigger, so value per square foot is up 3.6%.
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.
Not shown: Studio (no price per sq ft reported).
At the median, a $355K purchase rents for $1,350/mo: 0.38% of price per month against the 1% rule's 1.00%.
Not shown: 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 49 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 33612 itself, not its parent county.
Renters hold 62.8% of this ZIP's 19,020 occupied households, on a median household income of $47K.
| Measure | ZIP 33612 | Hillsborough County | Difference |
|---|---|---|---|
| Median Household Income | $47K | $80K | -$32K |
| Below Poverty Level | 29.4% | 12.7% | +16.7% |
| Median Age | 35.30 | 37.90 | -2.60 |
| Total Population | 49,005 | 1,522,748 | -- |
| Avg Household Size | 2.52 | 2.56 | -0.04 |
| Owner-Occupied | 37.2% | 61.5% | -24.3% |
| Worked From Home | 11.6% | 20.7% | -9.1% |
| Mean Commute | 27.10 | 28.80 | -1.70 |
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.