HousingHandbookReference data

U.S. ZIP Code · FL33609

Hillsborough County · Tampa-St. Petersburg-Clearwater, FL

Typical home value

$614,583[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.5%
5-year / yr
+5.7%
10-year / yr
+6.9%

Relative price

vs U.S.
+116.4%
vs metro
+69.1%
vs state
+77.2%
ZIP 33609 location in FL
Location of ZIP 33609 in FL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 33609 is worth $614,583 — 69.1% above the Tampa-St. Petersburg-Clearwater, FL median. Over the past year, values have fallen 3.5%. Homes here rent for a typical $2,314 a month — a 4.5% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$2,314[2]
Gross yield
4.5%[2]
Cap rate
2.7%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.9%[3]
Typical annual tax
$5,421[3]

#Climate risk

FEMA National Risk Index ratings for Hillsborough County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Relatively High
Wildfire
Relatively Moderate
Drought
Relatively Moderate
Heat wave
Relatively High
Hurricane
Very High
Tornado
Very High
Earthquake
Relatively Low
Winter weather
No Rating

#Who lives here

Population
18,535[3]
Median household income
$115,844[3]

#Migration

Household moves in and out of Hillsborough County over a year, from IRS tax-return data.

Net migration
+376[5]
Moved in
49,562
Moved out
49,186

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
2
Middle
0
High
0
  • MITCHELL ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · HILLSBOROUGH

    695 students

  • BRIDGEPREP ACADEMY OF TAMPA

    Elementary · Grades K–8 · HILLSBOROUGH

    338 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.5%
Net yield (after ~40% expenses)2.7%
Annual rent$27,771

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$3,108
Loan principal$491,667
Down payment$122,917
Total interest paid$627,094

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.76
Monthly cost to own$4,071
Monthly rent$2,314

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
59th percentile[1]
Rental yield
6th percentile[2]
Property tax
87th percentile[3]

Frequently asked

How much is a home worth in ZIP code 33609?
The typical home in 33609 is worth $614,583, based on the Zillow Home Value Index.
Are home values rising in 33609?
Home values in 33609 are down 3.5% over the past year, and up 5.7% a year over five years.
What is the typical rent in 33609?
A typical home in 33609 rents for about $2,314 a month, a gross rental yield of 4.5%.
What is the property tax rate in 33609?
The effective property tax rate in 33609 is 0.9% — roughly $5,421 a year on a typical home.
Who lives in 33609?
ZIP code 33609 has a population of 18,535 and a median household income of $115,844.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Palm Harbor CDP, FL

    Typical home
    $623,830
    Gross yield
  • Westchase CDP, FL

    Typical home
    $570,493
    Gross yield
    4.8%
  • East Lake CDP, FL

    Typical home
    $567,224
    Gross yield
  • St. Pete Beach, FL

    Typical home
    $566,231
    Gross yield
    5.1%
  • Keystone CDP, FL

    Typical home
    $664,740
    Gross yield
    3.5%
  • Lutz CDP, FL

    Typical home
    $673,714
    Gross yield
    4.0%

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