The story of this market
The typical home in ZIP 33618 sells for about $493,000, or $265 per square foot.
Prices are up +13.2% from a year ago, so sellers still have some momentum. Homes take about 277 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,574 a month.
ZIP 33618 — Tampa
The 33618 housing market is currently characterized by neutral conditions with a median home price of $493,000. While prices have seen a 13.2% year-over-year increase, the market is experiencing longer days on market, suggesting a cooling trend in buyer urgency. Investors should exercise caution as rental yields are pressured by rising costs and a competitive landscape.
This ZIP is well-suited for family buyers seeking established suburban neighborhoods with good access to Tampa's employment hubs. It is less ideal for passive investors due to the high entry price and tight operating margins.
Median prices moved up 13.2% year over year.
Homes spend a median of 277 days on market with 3.4 months of supply — a balanced-paced market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 6.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 33618, Hillsborough County FL
Crime rates in the Carrollwood area are generally considered moderate, with property crime being the primary concern compared to violent crime. The area experiences typical suburban crime trends consistent with the broader Hillsborough County region.
The ZIP is served by Hillsborough County Public Schools, which generally maintain a mix of ratings; several schools in the area are well-regarded for their academic programs and community involvement.
The area is subject to standard Florida climate risks, including potential for tropical storm wind damage and localized flooding during heavy rainfall events. Property insurance premiums have seen upward pressure due to regional hazard exposure.
Economic momentum is driven by proximity to the Tampa employment core and established retail corridors along Dale Mabry Highway. Development is largely infill-focused given the mature nature of the Carrollwood community.
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 primarily commute via the Dale Mabry Highway and I-275 corridors toward downtown Tampa and the Westshore business district. Traffic congestion is common during peak hours, with limited public transit options.
The area features several community parks, including Carrollwood Village Park, and is near various golf courses and lakes. Shopping and dining are concentrated along the major arterial roads, providing high accessibility to daily amenities.
The rental market is characterized by steady demand, though investors face tight margins due to rising property values and insurance costs. Vacancy rates remain low, reflecting the area's desirability for long-term tenants.
The economy is anchored by the broader Tampa Bay region's diverse sectors, including healthcare, finance, and professional services. Major employers are located in nearby downtown Tampa and the Westshore district.
The area is heavily reliant on private vehicle transportation, with major highway access provided by I-275 and the Veterans Expressway. Public transit is limited to bus routes operated by HART.
Development is largely constrained by existing density, with current planning focused on maintaining suburban character and improving local infrastructure.
The Hillsborough County Property Appraiser manages assessments, with values typically updated annually based on market sales data.
Parcels are subject to Hillsborough County taxes, school district levies, and various utility service districts.
Property insurance in this region is influenced by Florida's statewide market challenges, with premiums reflecting exposure to hurricane and wind risks.
Florida continues to experience strong net domestic migration, contributing to sustained housing demand across the Tampa Bay area.
Florida is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Florida law requires sellers to disclose known material defects that affect the value of the property, typically via a standard disclosure form.
Data retrieved from data.census.gov ZCTA 33618 profiles.
- Busch Gardens Tampa Bay4.45.8 mi
- ZooTampa at Lowry Park4.64.8 mi
- Epperson Lagoon4.218.6 mi
- Adventure Island4.16 mi
- Dave & Buster's Tampa - Brandon4.214.2 mi
- Raymond James Stadium4.56.9 mi
- Benchmark International Arena4.69.8 mi
- Florida State Fairgrounds4.410.6 mi
- George M. Steinbrenner Field4.76.7 mi
- Tampa Convention Center4.59.8 mi
- Busch Gardens Tampa Bay4.45.8 mi
- The Florida Aquarium4.59.8 mi
- ZooTampa at Lowry Park4.64.8 mi
- Citrus Park Town Center4.54.6 mi
- AMC Veterans 244.53.9 mi
- Tarpon Springs Sponge Docks4.716.7 mi
- Glazer Children's Museum4.59.2 mi
- Museum of Science & Innovation - MOSI3.96.1 mi
- Tampa Theatre4.89.1 mi
- Tampa Museum of Art4.29.1 mi
- Tampa Riverwalk4.89.3 mi
- Cypress Point Park4.59.1 mi
- Curtis Hixon Waterfront Park4.79.2 mi
- Carrollwood Village Park4.81.5 mi
- Lettuce Lake Park4.77.7 mi
- Nautical Marine4.96.9 mi
- Rogers Park Golf Course46.1 mi
- TPC Tampa Bay4.15.6 mi
- Plantation Palms Golf Club4.39.9 mi
- Fox Hollow Golf Club and Restaurant4.111.3 mi
- Tampa Palms Country Club4.46.9 mi
- International Plaza and Bay Street4.67.8 mi
- Tampa Premium Outlets4.510.4 mi
- Citrus Park Town Center4.54.6 mi
- Hyde Park Village4.79.8 mi
- The Shops at Wiregrass4.612.1 mi
- Tampa International Airport4.67.1 mi
- St. Pete–Clearwater International Airport4.416.1 mi
- Lakeland Linder International Airport4.730.3 mi
- Rightway Parking4.39.7 mi
- Ambassador Limousine4.86.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central community park featuring trails and recreational facilities.
The primary commercial corridor serving the area with extensive retail and restaurant options.
A private club offering golf, tennis, and social amenities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).