Best Airbnb Tampa Neighborhoods to Invest In

Tampa, Florida, is a vibrant city that has been increasingly attracting tourists and business travelers alike. Its diverse neighborhoods offer a range of experiences and opportunities, making it a prime location for Airbnb hosts looking to invest. In this comprehensive guide, we delve into the best Airbnb Tampa neighborhoods for hosts to invest in, focusing on factors like profitability, guest preferences, local attractions, and overall livability.

Tampa Area 33606

Airbnb Market Analysis of Tampa’s Area 33606

Average Daily Rate (ADR): $279.3
Maximum Daily Rate: March $300, April $299
Average Occupancy Rate: 64%
Maximum Occupancy Rate: February: 78%
Total Available Listings: 311
Average Annual Revenue: $64.9K
Maximum Monthly Revenue: March $5,600
Revenue per Available Room (RevPAR): $171.7
Weekend RevPAR: $280
Best Performing Month: March
Market Score: 65
Population of 33606 Area: 21,281
Average Home Value in 33606: $877,215

The 33606 area in Tampa, encompassing neighborhoods like Historic Hyde Park North, Hyde Park North, and Courier City – Oscawana, presents an intriguing opportunity for Airbnb investors. This analysis dives into the various metrics that shape the potential of Airbnb properties in this area.

Average and Maximum Daily Rates

The average daily rate (ADR) in this area stands at a promising $279.3, signaling a healthy demand for accommodation. The peak rates in March and April, at $300 and $299 respectively, reflect the area’s popularity during these months, likely influenced by seasonal events or weather patterns.

Occupancy Rates and Trends

With an average occupancy rate of 64%, the area demonstrates consistent demand. The peak occupancy in February at 78% could be attributed to specific local events or seasonal tourist influxes. This high occupancy rate indicates a potentially lucrative period for hosts to capitalize on.

Total Listings and Revenue Insights

The existence of 311 total available listings suggests a competitive but healthy market. The average revenue of $64.9K is indicative of strong earning potential for property owners. The maximum monthly revenue in March, hitting $5,600, aligns with the high occupancy and daily rates observed in the same month.

RevPAR and Weekend Performance

The Revenue per Available Room (RevPAR) at $171.7, and an even more impressive weekend RevPAR of $280, demonstrates the strong performance of Airbnb listings in this area. This suggests that weekends, in particular, are a lucrative time for hosts.

Market Score and Best Performing Month

A market score of 65 out of 100 portrays a positive investment environment. March stands out as the best-performing month, aligning with the highest revenue and occupancy rates observed.

Neighborhood Characteristics

The neighborhoods within this zip code, including Hyde Park, Historic Hyde Park North and Hyde Park North, Davis Islands are known for their charm and accessibility, making them attractive to visitors. Courier City – Oscawana adds to the diversity of the area, potentially appealing to a wider range of guests.

Demographic and Socioeconomic Factors

The population of 21,281 in this zip code contributes to a steady demand for short-term rentals. Being classified socioeconomically as a Middle-Class area in comparison to other areas in Florida, based on Median Household Income and Average Adjusted Gross Income, positions it as an appealing destination for a broad spectrum of Airbnb users.

Home Values and Investment Implications

The high home values, averaging $877,215, reflect the area’s desirability. This could mean a higher initial investment for potential Airbnb hosts but also suggests a likelihood of substantial long-term property value appreciation.

Airbnb Tampa Neighborhoods within 33606 Area

1. Historic Hyde Park North

Historic Hyde Park North is an enchanting neighborhood known for its rich history and architectural beauty, connected seamlessly to the heart of Tampa. This area is a treasure trove of historical significance, offering a nostalgic journey through its well-preserved streets and structures.

Key Features of Historic Hyde Park North

Bayshore Boulevard: Famous for its long sidewalk, offering stunning views of Hillsborough Bay and the Tampa skyline. It’s a favorite for joggers, bikers, and walkers, adding to the neighborhood’s active lifestyle.
Historic Homes: The area boasts an array of beautifully preserved homes from the early 20th century, showcasing styles like Craftsman, Colonial Revival, and Mediterranean Revival.
Kate Jackson Park: A community center and park, providing recreational space with playgrounds, a community garden, and outdoor fitness equipment.
Hyde Park Village: An upscale outdoor shopping district at the heart of Hyde Park, featuring high-end boutiques, restaurants, and cafes.
Proximity to Downtown: Its location near downtown Tampa makes it ideal for guests who want the charm of a historic neighborhood with easy access to urban amenities.

In summary, Historic Hyde Park North is an ideal location for Airbnb investments in Tampa. Its rich history, beautiful architecture, and modern amenities create a unique and attractive experience for guests. The neighborhood’s proximity to downtown Tampa and popular destinations like Bayshore Boulevard and Hyde Park Village enhances its appeal. For Airbnb hosts, this area offers a blend of historical charm and profitable investment potential.

2. Hyde Park

Hyde Park is a historic and affluent neighborhood known for its picturesque streets, classic bungalows, and upscale ambiance. Its proximity to downtown Tampa and the variety of experiences it offers make it a highly desirable location for Airbnb guests.

Key Features of Hyde Park

Charming Historic Homes: The neighborhood is renowned for its beautifully preserved historic homes, offering a glimpse into Tampa’s past.
Walkability: Hyde Park is highly walkable, allowing guests to easily explore its quaint streets, parks, and local amenities.
Proximity to Bayshore Boulevard: Known for its long, scenic sidewalk along the water, it’s ideal for guests who enjoy walking, jogging, or just taking in the views of Hillsborough Bay.

Airbnb Investment Perspective

Hyde Park’s blend of historic charm, luxury amenities, and walkability makes it a prime choice for Airbnb investors. The neighborhood’s upscale nature appeals to guests looking for a sophisticated stay, and its proximity to both natural beauty and urban convenience enhances its attractiveness for short-term rentals.

3. Hyde Park North

Hyde Park North, adjacent to its historic counterpart, combines the old-world charm of Tampa with contemporary living. This neighborhood offers a more modern take on the classic Hyde Park experience, making it attractive to a wide range of visitors.

Key Features of Hyde Park North

Modern Residential Options: A mix of traditional homes and modern condos, catering to diverse preferences.
Vibrant Lifestyle: The area is known for its lively atmosphere, with an array of shops, cafes, and restaurants along South Howard Avenue.
Anderson Park: A popular local park, provides green space for relaxation and recreation.
Walkability: High walkability to local amenities and easy access to public transportation appeal to guests who prefer to explore the city on foot or via public transit.
Community Events: Regular community events and markets in Hyde Park Village, foster a sense of community and offer guests a taste of local life.

Airbnb Investment Perspective

From an investment perspective, Hyde Park North is a highly attractive option for Airbnb hosts. Its blend of historic charm and modern amenities appeals to a broad spectrum of guests, while the vibrant lifestyle and convenient location ensure a steady demand. This neighborhood’s unique appeal, coupled with its dynamic community atmosphere, positions it as a lucrative choice for those looking to capitalize on Tampa’s thriving short-term rental market.

4. Courier City – Oscawana

Courier City – Oscawana is a dynamic and evolving neighborhood that offers a blend of residential and urban experiences. This area is becoming increasingly popular for its central location and diverse offerings.

Key Features of Courier City – Oscawana

Mixture of Housing Styles: From historic bungalows to modern apartments, catering to a variety of tastes and budgets.
Swann Avenue: Known for its dining and shopping options, providing a lively urban environment.
Green Spaces: Including local parks and community gardens, offering peaceful retreats within the urban landscape.
Proximity to Downtown and Hyde Park: Making it an ideal location for guests who wish to experience multiple facets of Tampa’s culture and lifestyle.
Cultural Diversity: A melting pot of cultures reflected in its restaurants, shops, and community events.

Airbnb Investment Perspective

From an Airbnb host’s investment viewpoint, Courier City – Oscawana in Tampa stands out as a compelling choice. Its mix of housing styles caters to diverse guest preferences, while its lively urban environment, especially along Swann Avenue, is attractive for those seeking a vibrant stay. The neighborhood’s green spaces and proximity to downtown and Hyde Park enhance its appeal. Additionally, the cultural diversity and rich community life make it a unique and appealing option for hosts aiming to tap into the diverse and dynamic short-term rental market in Tampa.

5. Davis Islands

Davis Islands is a unique, man-made island community located just off the coast of downtown Tampa. Known for its waterfront properties, relaxed atmosphere, and variety of recreational activities, it’s a favorite among visitors looking for a tranquil yet accessible Tampa experience.

Key Features of Davis Islands

Waterfront Living: The Islands offer a mix of upscale homes with stunning water views, appealing to guests who appreciate a serene, waterfront setting.
Marjorie Park Marina: A favorite spot for boating and water activities, attracting nautical enthusiasts.
Village Center: The commercial heart of Davis Islands, with quaint shops, cafes, and restaurants catering to both locals and visitors.
Recreational Amenities: Includes parks, tennis courts, and public swimming pools, adding to its appeal for families and active guests.
Proximity to Downtown Tampa: While offering an island escape, it’s just a short distance from the heart of the city, providing the best of both worlds.

Airbnb Investment Perspective

Davis Islands represents an excellent opportunity for Airbnb hosts. Its unique island charm, combined with luxury homes and abundant recreational activities, makes it attractive to a wide range of guests. The area’s tranquility, coupled with its proximity to downtown Tampa, positions it as a sought-after destination for those seeking both relaxation and city adventures. Investing in Airbnb properties here could appeal to a higher-end market, looking for an exclusive and peaceful Tampa experience.

Conclusion

Each neighborhood within the 33606 area brings its unique charm and investment potential. From the historical allure of Hyde Park North to the tranquil waterfront lifestyle of Davis Islands, Airbnb hosts can find lucrative opportunities that cater to a variety of guest preferences. This diversity not only enhances the appeal of the 33606 area for short-term rentals but also positions it as a vibrant and evolving part of Tampa’s accommodation landscape. For Airbnb investors, these neighborhoods offer not just profitable prospects but also the chance to be part of a community rich in history, culture, and modern amenities.

Tampa Area 33605

Airbnb Market Analysis of Tampa’s Area 33605

Average Daily Rate (ADR): $185.3
Maximum Daily Rate: March $211
Average Occupancy Rate: 59%
Maximum Occupancy Rate: March 74%
Total Available Listings: 438
Average Annual Revenue: $39.6K
Maximum Monthly Revenue: March $4,000
Revenue per Available Room (RevPAR): $111.5
Weekend RevPAR: $207
Best Performing Month: March
Market Score: 77
Neighborhoods: East Tampa, Ybor City, VM Ybor
Population: 16,139
Average Home Values: $261,536

The 33605 zip code in Tampa, encompassing vibrant neighborhoods like East Tampa, Ybor City, and VM Ybor, offers a unique landscape for Airbnb investments. This area stands out with its distinctive cultural flair and urban vibrancy. Let’s delve into the metrics that shape the potential of Airbnb properties in this area.

Average Daily Rate (ADR)

The ADR in 33605 is $185.3, with the maximum daily rate reaching $211 in March. This suggests a significant demand for accommodations, especially during peak months.

Occupancy Rates and Trends

The average occupancy rate stands at 59%, with a peak of 74% in March. This peak period may be tied to seasonal events or attractions unique to this area.

Total Available Listings

There are 438 listings in this area, indicating a robust market with a variety of options for potential guests.

Average Annual Revenue

The average revenue per listing is approximately $39.6K, showing good profitability for hosts.

Maximum Monthly Revenue

In March, the revenue peaks at about $4,000, aligning with the highest occupancy and daily rates.

Revenue per Available Room (RevPAR)

The RevPAR is $111.5, with a more impressive Weekend RevPAR of $207, indicating that weekends are particularly profitable.

Market Score

The market score of 77 out of 100 suggests a favorable environment for Airbnb investments.

Best Performing Month

March emerges as the top month, likely due to local events or seasonal influxes of tourists.

Neighborhood Characteristics

East Tampa is known for its community-oriented atmosphere and cultural richness. East Tampa offers an authentic and local experience.

Ybor City is a historic area famed for its nightlife, Cuban heritage, and unique architecture, attracting a diverse range of visitors.

VM Ybor is blending historical charm with an evolving urban scene. VM Ybor is attractive for its mix of traditional and contemporary experiences.

Demographic and Socioeconomic Factors

The population in this zip code is 16,139, providing a steady demand for Airbnb rentals.

Classified as a lower-class area compared to other Florida zip codes, 33605 offers more affordable investment opportunities and the potential for high growth.

Home Values and Investment Implications

With an average home value of $261,536, 33605 presents more accessible investment opportunities compared to higher-value areas, with room for property appreciation.

Investment Perspective

33605 is an intriguing area for Airbnb investors, offering a mix of urban vibrancy and cultural richness. The diverse neighborhoods within this zip code cater to a wide range of preferences, making them attractive for various guest demographics. The strong market metrics, including a high market score and significant revenue potential, particularly during peak months like March, signal robust investment opportunities. Additionally, the more affordable property values in this area make it an accessible market for both new and experienced investors. For those looking to tap into Tampa’s thriving Airbnb market, 33605 provides a blend of cultural diversity, urban energy, and promising investment potential.

Airbnb Tampa Neighborhoods within 33605 Area

The 33605 zip code in Tampa encompasses several unique neighborhoods that offer diverse opportunities for Airbnb hosts. Each neighborhood has its character and attractions, making them appealing to a variety of guests.

1. Ybor City

Ybor City is renowned for its vibrant nightlife, historical significance, and unique architectural style. It’s a hub for entertainment and dining, attracting a wide array of visitors.

Key Features of Ybor City

Rich History: As a National Historic Landmark District, Ybor City is steeped in history, especially its roots in the cigar industry.
Nightlife and Entertainment: The neighborhood is famous for its lively nightlife, with numerous clubs, bars, and live music venues.
Cultural Festivals: Hosts numerous cultural events and festivals, drawing crowds from all over the region.
Unique Architecture: Features distinct architectural styles, particularly its historic cigar factories and Mediterranean-inspired buildings.

Ybor City is a prime location for Airbnb hosts targeting guests who are attracted to vibrant city life, rich history, and cultural diversity.

2. East Ybor

East Ybor is a neighborhood that blends residential areas with industrial and commercial spaces. It’s a part of the larger Ybor City area but has its own distinct characteristics.

Key Features of East

Industrial Heritage: The area reflects its industrial past, which can be appealing to guests interested in the history and development of Tampa.
Residential and Commercial Mix: Offers a mix of housing options amidst commercial and industrial spaces, catering to a diverse population.
Proximity to Ybor City: Close to the vibrant and historic Ybor City, allowing guests easy access to its nightlife, dining, and cultural events.

3. Ybor City Historic District

The Ybor City Historic District is the heart of Ybor City, known for its rich history, unique architecture, and vibrant nightlife. It’s a major attraction in Tampa and a significant area for the Airbnb market.

Key Features of Ybor City Historic District

Rich Cultural History: Known as Tampa’s Latin Quarter, it’s famous for its Cuban and Spanish heritage, historic cigar factories, and unique architectural styles.
Vibrant Nightlife and Dining: The area is a hotspot for nightlife, with numerous bars, clubs, and restaurants attracting a wide range of visitors.
Tourist Attractions: Home to many cultural attractions, including the Ybor City State Museum, art galleries, and theaters.
Walkable Streets: The district’s compact, pedestrian-friendly layout makes it easy for guests to explore its numerous shops, cafes, and historic sites.

4. VM Ybor

VM Ybor is a neighborhood that combines historical charm with a sense of community. It’s known for its residential streets and proximity to the attractions of Ybor City.

Key Features of VM Ybor

Historical Homes: Many homes in VM Ybor exhibit classic architectural styles, appealing to guests who appreciate historical charm.
Community Atmosphere: Known for its strong community bonds and neighborhood events.
Proximity to Ybor City: Offers guests the quiet of a residential area with easy access to the vibrant life of Ybor City.
Local Parks and Recreation: This area features several parks, offering guests outdoor activities and relaxation spaces.

VM Ybor is ideal for Airbnb hosts who want to offer guests a blend of a peaceful residential experience with easy access to the more lively and tourist-oriented Ybor City.

5. Palmetto Beach

Palmetto Beach is a waterfront neighborhood known for its scenic views and proximity to the Port of Tampa. It has a laid-back, coastal vibe and offers a mix of residential options.

Key Features of Palmetto Beach

Waterfront Location: Offers beautiful views and access to the water, appealing to guests who enjoy coastal living.
Proximity to Downtown Tampa: Close enough to downtown to offer easy access to city attractions while providing a quieter, more relaxed environment.
Residential Diversity: Features a range of housing options from historic homes to newer developments.

6. College Hill

College Hill is a primarily residential neighborhood with a strong sense of community. It’s known for its historic homes and local parks.

Key Features of College Hill

Community Focus: Known for its tight-knit community and neighborhood events.
Historical Significance: Features historic homes and buildings, adding a sense of charm and history.
Green Spaces: Home to several parks, providing recreational opportunities for guests.

7. Highland Pines

Highland Pines is a neighborhood that offers a suburban feel within the city limits. It is characterized by its quiet streets and family-friendly atmosphere.

Key Features of Highland Pines

Suburban Atmosphere: Offers a more laid-back, suburban experience compared to the urban feel of other neighborhoods in 33605.
Family-Friendly: With its quiet streets and parks, it’s suitable for guests traveling with families.
Accessibility: Though quieter, it still provides easy access to other parts of Tampa and its attractions.

Conclusion

In conclusion, Tampa’s Airbnb market presents two distinct opportunities for potential hosts. Area 33606, with its higher average daily rate and annual revenue, is a haven for those seeking to invest in upscale and historic neighborhoods. This area’s premium locales, like Historic Hyde Park North and Davis Islands, attract guests seeking luxury and charm, though the higher home values indicate a more significant initial investment.

On the other hand, Area 33605 offers a vibrant and culturally rich environment at a more accessible price point. Its slightly lower average daily rate and annual revenue are offset by a high market score and the potential for growth, particularly in neighborhoods like Ybor City and VM Ybor, which are known for their dynamic nightlife and cultural diversity.

Ultimately, the choice between these areas depends on the investor’s goals and resources. Area 33606 caters to a luxury market with a higher cost of entry but potentially greater long-term rewards. In contrast, Area 33605 appeals to those looking for a more affordable entry into a lively, culturally diverse market with strong growth potential. Both areas offer unique opportunities to be part of Tampa’s thriving Airbnb scene, each with its own character and appeal to a wide range of guests.

Best Airbnb Tampa Neighborhoods to Invest In

Tampa Area 33606

Airbnb Market Analysis of Tampa’s Area 33606