Tampa Neighborhoods Airbnb Hosts Should Be Aware Of

Introduction

In the dynamic city of Tampa, Airbnb hosts have a unique opportunity to tap into the burgeoning short-term rental market. With a focus on Tampa’s 33602, 33604, and 33607 areas, this analysis delves into the intricacies of Airbnb hosting in these areas. These neighborhoods, ranging from the historic charm of Old Seminole Heights to the upscale allure of Harbour Island, present varied opportunities for Airbnb investments. This comprehensive guide explores average daily rates, occupancy trends, revenue potentials, and neighborhood characteristics, providing invaluable insights for prospective and current Airbnb hosts.

Tampa Neighborhoods Airbnb Area 33602

Airbnb Market Analysis of Tampa’s Area 33602

Average Daily Rate (ADR): $226.3
Maximum Daily Rate: March $277
Average Occupancy Rate: 61%
Maximum Occupancy Rate: March 77%
Total Available Listings: 300
Average Annual Revenue: $50.7K
Maximum Monthly Revenue: March $5,400
Revenue per Available Room (RevPAR): $154.4
Weekend RevPAR: $238
Best Performing Month: March
Market Score: 60 out of 100
Neighborhoods: Ridgewood Park, Downtown, Harbour Island, Channel District
Population: 16,044
Socioeconomic Classification: Middle Class
Average Home Values: $567,281

Tampa’s 33602 area, encompassing dynamic neighborhoods like Ridgewood Park, Downtown, Harbour Island, and the Channel District, presents a vibrant and diverse landscape for Airbnb investments. This region, known for its blend of urban charm and scenic waterfronts, attracts a wide range of visitors, making it a promising market for short-term rental properties.

Average and Maximum Daily Rates

The ADR of $226.3 and a peak rate of $277 in March reflect a strong demand for accommodations, particularly during this peak month.

Occupancy Rates and Trends

An average occupancy rate of 61%, peaking at 77% in March, indicates consistent demand with a notable increase during this month, likely linked to seasonal or event-driven influxes.

Total Listings and Market Competition

With 300 total listings, the market is competitive, offering a diverse range of accommodations to guests.

Revenue Insights

The average annual revenue per listing is $50.7K, with a significant peak in March reaching $5,400. This peak aligns with the highest occupancy and daily rates in the same month.

RevPAR and Weekend Performance

The Revenue per Available Room (RevPAR) stands at $154.4, with an even more impressive weekend RevPAR of $238, indicating strong weekend profitability.

Market Score

A market score of 60 out of 100 suggests a moderately favorable environment for Airbnb investments, indicating room for growth and profitability.

Best Performing Month

March is identified as the best-performing month, which is consistent with the highest daily rates, occupancy rates, and revenue figures observed.

Neighborhood Characteristics

Diverse neighborhoods like Ridgewood Park, Downtown, Harbour Island, and the Channel District each contribute unique appeals to the area, catering to different guest preferences.

Demographic and Socioeconomic Factors

With a population of 16,044 and a middle-class socioeconomic classification, the area likely has a steady demand from guests with a reasonable spending capacity.

Home Values and Investment Implications

The average home value in the area is $567,281, suggesting a higher barrier to entry for investors but also the potential for greater long-term property appreciation and return on investment.

In conclusion, the 33602 area of Tampa shows a vibrant Airbnb market with strong demand, especially in March. The area’s diverse neighborhoods and middle-class socioeconomic status contribute to a steady and varied guest demand. While the higher average home values indicate a more substantial initial investment, the strong revenue and occupancy metrics suggest good potential for profitability and return on investment in this area.

Check out Best Airbnb Tampa Neighborhoods to Invest In.

Airbnb Tampa Neighborhoods within 33602 Area

Ridgewood Park

Ridgewood Park is a hidden gem in Tampa, offering a blend of suburban tranquility and urban convenience. It’s characterized by its lush parks and family-friendly atmosphere.

Key Features of Ridgewood Park

Serene Environment: Known for its peaceful setting, providing a respite from the city’s hustle and bustle.
Community Focus: The neighborhood has a strong sense of community, hosting local events and activities.
Accessibility: Despite its suburban feel, Ridgewood Park is just a short drive from downtown Tampa, offering the best of both worlds.

Downtown Tampa

Downtown Tampa is the bustling epicenter of the city, where modern urban lifestyle meets rich cultural heritage. It’s a melting pot of business, arts, and entertainment.

Key Features of Downtown Tampa

Cultural Attractions: Home to Tampa’s premier cultural venues like the Straz Center and Tampa Museum of Art.
Urban Parks: Features beautiful urban parks like Curtis Hixon Waterfront Park, a popular spot for locals and tourists alike.
Business Hub: The central business district of the city, offers a dynamic environment for professionals.

Harbour Island

Harbour Island is an affluent and exclusive neighborhood known for its luxury waterfront living. This area offers a serene and upscale experience, just minutes from the heart of Tampa.

Key Features of Harbour Island

Waterfront Views: Offers stunning views of the Tampa skyline and the bay, ideal for those seeking a picturesque setting.
High-End Amenities: Features luxury dining, shopping, and leisure facilities, catering to upscale tastes.
Exclusive Community: Known for its gated communities and high-end residential properties.

Channel District

The Channel District is a vibrant and rapidly growing neighborhood, famous for its trendy lifestyle and proximity to Tampa’s entertainment hubs.

Key Features of the Channel District

Modern Living: Boasts contemporary apartment complexes and condominiums, appealing to a younger demographic.
Entertainment and Dining: Home to Sparkman Wharf and other popular dining and entertainment venues.
Proximity to Attractions: Close to the Florida Aquarium and Amalie Arena, making it a hotspot for visitors.

Each of these neighborhoods offers unique characteristics and attractions, making them appealing to different types of Airbnb guests. From the urban energy of Downtown Tampa to the serene luxury of Harbour Island, the 33602 area caters to a diverse range of preferences and lifestyles.

Tampa Neighborhoods Airbnb Area 33604

Airbnb Market Analysis of Tampa’s Area 33604

Average Daily Rate (ADR): $160
Maximum Daily Rate: $183 in March
Average Occupancy Rate: 58%
Maximum Occupancy Rate: 75% in March
Total Available Listings: 497
Average Annual Revenue: $34K
Maximum Monthly Revenue: $3,300 in March
Revenue per Available Room (RevPAR): $95.5
Weekend RevPAR: $165
Best Performing Month: March
Market Score: 61
Population: 38,743
Average Home Values: $319,312

The 33604 Area in Tampa, encompassing neighborhoods like Old Seminole Heights, Lowry Park Central, and Sulphur Springs, presents an interesting landscape for Airbnb investments. This area is known for its unique mix of urban and residential characteristics, offering a diverse range of experiences for visitors. It’s classified socioeconomically as lower middle class compared to other Florida zipcodes, based on median household income and average adjusted gross income.

Demand Trends

The peak in occupancy and daily rates in March indicates a seasonal demand, linked to local events or attractions.

Revenue Potential

With an average annual revenue of $34K and a peak of $3,300 in March, this area offers a steady income potential for Airbnb hosts. The relatively high RevPAR and weekend RevPAR suggest that weekends are particularly profitable.

Investment Appeal

Given the lower average home values ($319,312) compared to other Tampa areas, this zipcode presents a more accessible investment opportunity. The diversity of the neighborhoods within 33604 caters to a wide range of guest preferences, from historic charm to natural attractions.

Market Environment: A market score of 61, while moderate, indicates potential for growth, especially considering the socioeconomic classification of the area and the total available listings.

Final Thoughts

The 33604 area in Tampa offers a unique opportunity for Airbnb hosts. Its blend of urban and residential neighborhoods, combined with lower home values, makes it an accessible market for both new and experienced investors. The area’s diversity, from the historic streets of Old Seminole Heights to the family-friendly attractions of Lowry Park, appeals to a wide range of Airbnb users. While the overall market score suggests room for improvement, the strong performance in months like March and the steady annual revenue point to a robust potential for those willing to tap into this diverse and dynamic market.

Airbnb Tampa Neighborhoods within 33604 Area

Old Seminole Heights

Old Seminole Heights is a quaint and historic neighborhood, celebrated for its picturesque bungalows and vibrant community spirit. This area is a blend of cultural richness and suburban comfort.

Key Features of Old Seminole Heights

Historical Charm: Renowned for its early 20th-century bungalows and craftsman-style homes.
Community Engagement: A tight-knit community known for its active neighborhood associations and local festivals.
Diverse Dining and Shopping: Offers a variety of unique local eateries and shops, adding to its appeal.

Lowry Park Central

Lowry Park Central is a family-centric neighborhood, distinguished by its recreational spaces and proximity to one of Tampa’s main attractions, the Lowry Park Zoo.

Key Features of Lowry Park Central

Family Attractions: The Lowry Park Zoo is a major draw, along with other family-friendly parks and recreational areas.
Residential Appeal: Offers a mix of housing options, catering to families and individuals alike.
Green Spaces: Abundant parks and green areas make it ideal for outdoor activities and relaxation.

Lowry Park North

Adjacent to its more well-known neighbor, Lowry Park North offers a quieter, more laid-back living experience, while maintaining easy access to local amenities.

Key Features of Lowry Park North

Tranquil Residential Area: Known for its peaceful streets and family-friendly atmosphere.
Proximity to Attractions: Close to Lowry Park Zoo and other central Tampa attractions, offering the best of both serenity and convenience.
Community-Focused: Hosts several local events and activities, fostering a strong community bond.

Sulphur Springs

Sulphur Springs is a neighborhood with a storied past, offering affordable living options and a genuine sense of community among its residents.

Key Features of Sulphur Springs

Affordability: Offers some of the most budget-friendly living options in Tampa.
Historical Significance: Once known for its natural spring, the neighborhood has a rich history.
Natural Attractions: Proximity to the Hillsborough River provides opportunities for outdoor recreation and scenic beauty.

Fern Cliff

Fern Cliff is a modest, unassuming neighborhood that offers a suburban lifestyle with the convenience of urban proximity.

Key Features of Fern Cliff

Suburban Quietness: Known for its tranquil and residential environment.
Affordable Living: Offers cost-effective housing options, ideal for long-term stays or budget-conscious travelers.
Ease of Access: Despite its suburban feel, Fern Cliff allows for easy access to Tampa’s main attractions and business areas.

Tampa Neighborhoods Airbnb Area 33607

Airbnb Market Analysis of Tampa’s Area 33607

Average Daily Rate (ADR): $196.1
Maximum Daily Rate: March $232
Average Occupancy Rate: 58%
Maximum Occupancy Rate: March 74%
Total Available Listings: 780
Average Annual Revenue: $41.2K
Maximum Monthly Revenue: March $4,500
Revenue per Available Room (RevPAR): $117.1
Weekend RevPAR: $216
Best Performing Month: March
Market Score: 67
Population: 24,171
Socioeconomic Classification: Lower Middle Class
Average Home Values: $319,312

The 33607 zip code in Tampa, encompassing neighborhoods like MacFarlane Park, Westshore, Carver City – Lincoln Gardens, Old West Tampa, and Marina Club of Tampa, offers a dynamic environment for Airbnb investments. Let’s explore the key metrics and insights that highlight the potential of Airbnb properties in this area.

High Demand in March

The area sees a significant spike in both ADR and occupancy rates in March, indicating a peak tourist season or specific events attracting visitors.

Solid Revenue Potential

With an average annual revenue of $41.2K and a maximum monthly revenue of $4,500 in March, the area presents a lucrative opportunity for Airbnb hosts.

Diverse Listing Options

The high number of available listings (780) suggests a competitive but vibrant market, offering a variety of choices for potential guests.

Weekend Popularity

The substantial difference between overall RevPAR and Weekend RevPAR indicates that weekends are particularly profitable.

Market Score

A market score of 67 out of 100 reflects a positive investment environment, albeit with room for improvement.

Investment Implications

The socioeconomic classification suggests more accessible property prices, offering opportunities for a broader range of investors.

Growth Potential

Given the diverse neighborhoods and the range of experiences they offer, there’s potential for growth and higher returns, especially during peak times like March.

Diverse Guest Appeal

The variety in neighborhoods caters to different guest preferences, from business travelers in Westshore to those seeking historic charm in Old West Tampa.

In conclusion, Tampa’s 33607 area presents a promising landscape for Airbnb investments, with its mix of urban dynamism and varied neighborhood characters. The strong performance metrics, especially in March, highlight the area’s potential as a profitable market for Airbnb hosts.

Airbnb Tampa Neighborhoods within 33607 Area

MacFarlane Park

MacFarlane Park is a neighborhood that combines the serenity of green spaces with the convenience of urban living, making it a favorite among families and nature enthusiasts.

Key Features of MacFarlane Park

Green Spaces: The neighborhood is known for its namesake park, offering expansive outdoor areas for recreation and relaxation.

Family-Friendly: With playgrounds, picnic areas, and sports facilities, it’s ideal for families seeking a balance of urban and natural environments.

Cultural Diversity: Reflects a rich mix of cultures, contributing to a vibrant community life.

Westshore

Westshore stands out as a bustling business and shopping district, attracting both leisure and business travelers with its modern amenities and strategic location.

Key Features of Westshore

Business Hub: Home to Westshore Plaza and numerous corporate offices, making it a prime area for business travelers.
Shopping and Dining: Offers a plethora of retail and dining options, from upscale boutiques to diverse restaurants.
Accessibility: Well-connected to major highways and close to Tampa International Airport, enhancing its appeal for transient visitors.

Carver City – Lincoln Gardens

Carver City – Lincoln Gardens is a neighborhood that exudes a blend of historic charm and urban renewal, appealing to those who appreciate a mix of old and new.

Key Features of Carver City – Lincoln Gardens

Historical Roots: The area has a rich history, reflected in its architecture and community events.
Urban Renewal: Ongoing development and revitalization efforts are attracting new interest and investment.
Community Engagement: Strong community involvement and local initiatives foster a sense of belonging among residents and visitors.

Old West Tampa

Old West Tampa is a historic neighborhood amid transformation, offering a unique mix of traditional charm and modern development.

Key Features of Old West Tampa

Historic Significance: Known for its historic buildings and traditional layout, it appeals to history buffs and culture enthusiasts.

Revitalization Efforts: Recent development projects are breathing new life into the area, blending the old with the new.

Cultural Diversity: The neighborhood’s diverse cultural background contributes to a rich and varied community experience.

Conclusion

The Airbnb market in Tampa’s 33602, 33604, and 33607 areas demonstrates significant potential for hosts. With their diverse neighborhood characteristics and varied socioeconomic profiles, these areas cater to a wide array of guest preferences. The strong performance during peak months, especially in March, highlighted high seasonal demand and revenue opportunities. While each area presents unique investment considerations, from higher property values in 33602 to more accessible options in 33607, the overall vibrant short-term rental market in Tampa offers promising prospects for Airbnb hosts seeking to capitalize on this dynamic and growing sector.

Tampa Neighborhoods Airbnb Hosts Should Be Aware Of

Introduction

Tampa Neighborhoods Airbnb Area 33602

Airbnb Market Analysis of Tampa’s Area 33602