At a glance
| Typical home value | $477,800 (−2.4% in a year, Zillow, Aug 2026) |
|---|---|
| Location | Northeastern City of Tampa, north of USF, along I-75, I-275 and Bruce B. Downs Boulevard |
| Annexed | 1988 |
| City area | About 24 square miles inside city limits |
| Main ZIP | 33647 |
| Communities | Tampa Palms, Pebble Creek, Hunters Green, Cory Lake Isles and others |
| HOA / CDD | Common; varies by community |
What New Tampa is known for
New Tampa is known for its master-planned communities. Tampa annexed it in 1988, and it covers about 24 square miles inside city limits, plus unincorporated county land nearby that also uses Tampa addresses. Its population grew from 7,145 in 1990 to 22,466 in 2000 as the area turned from rural to suburban.
It is bounded by Lutz to the west, Wesley Chapel to the north, Morris Bridge Road to the east and the University of South Florida to the south. Communities include Tampa Palms, Pebble Creek, Hunters Green and Cory Lake Isles.
Is New Tampa a good area to live?
It suits buyers who want newer homes in planned communities, often with gates, pools and conservation land nearby, while staying inside Tampa city limits. Zillow's typical value of $477,837 is above the citywide $377,566. The trade-offs are community fees, since many homes pay CDD assessments and HOA dues, and traffic on the main corridors such as Bruce B. Downs Boulevard. Compare total monthly cost and your commute, not just the price.
New Tampa homes and prices by community
| Zillow neighborhood | Typical value, Aug 2026 | 1-year change |
|---|---|---|
| Cory Lake Isles | $721,224 | +0.2% |
| Arbor Greene | $568,295 | -1.2% |
| Grand Hampton | $564,753 | -1.3% |
| Hunters Green | $531,010 | -0.8% |
| New Tampa (overall) | $477,837 | -2.4% |
| Tampa Palms | $473,102 | -1.6% |
| West Meadows | $350,381 | -2.2% |
ZIP 33647 was $467,794, down 1.9%, against $377,566 for Tampa overall. Most New Tampa communities fell slightly over the year. See the Tampa housing market page and the Tampa ZIP code guide.
Gated communities
Communities such as Cory Lake Isles and Hunters Green have gates and amenity packages, and usually both master and sub-association fees. The Tampa gated communities guide compares several.
Non-gated planned communities
Communities such as Tampa Palms and West Meadows cover a wider range, from apartments and townhomes to single-family homes, with CDD charges in many areas.
CDDs, HOAs and taxes
CDD and HOA fees
Many New Tampa communities were built with community development districts, which fund and maintain ponds, roads, landscaping and sometimes amenities and gates. CDD charges appear on the property tax bill as non-ad valorem assessments. HOA dues are billed separately, and gated communities often have both master and sub-association fees.
For each home, check the tax bill for CDD amounts, ask whether bond debt is still being repaid, and get the HOA budget and dues.
Property tax
City of Tampa parcels paid a total of 19.8428 mills for 2025, according to the Hillsborough County Property Appraiser, or about $1,984 a year for every $100,000 of taxable value before exemptions. The assessed value resets after a sale, so estimate taxes from your purchase price rather than the seller's bill, and file for homestead by March 1 if the home will be your permanent residence. See Hillsborough County property tax.
Living in New Tampa
Parks and recreation
Flatwoods Conservation Park, part of the Lower Hillsborough Wilderness Preserve, has a paved bicycle loop, off-road bike trails and nature trails. New Tampa Nature Park, off Dona Michelle Drive near I-75, has paved and unpaved trails and a playground. New Tampa Community Park includes a recreation center with a gymnastics area and a skate park.
Library
The New Tampa Regional Library is on Cross Creek Boulevard.
Schools
Hillsborough County Public Schools assigns schools by address, and boundaries can change. Check the exact address in the district's school zone locator rather than relying on a listing, and read the Tampa schools guide for how to compare state grades.
Getting around
Main roads are I-75, I-275 and Bruce B. Downs Boulevard. Traffic on Bruce B. Downs has long been a local complaint, so test the drive at the times you would actually travel. HART runs the area's buses, at $2.00 a trip with a $4.00 daily cap.
What to check before buying in New Tampa
- City or county: some Tampa-addressed homes nearby are outside city limits. Confirm the jurisdiction on the property appraiser record.
- Evacuation zone: Hillsborough County added sections of New Tampa to evacuation Zone E for 2026. Recheck the zone for the address.
- Flood zone: check FEMA maps for the parcel; homes near wetlands and conservation land can differ from their neighbors. Tampa's Class 5 rating in FEMA's Community Rating System gives city properties a 25% flood insurance discount in flood zones and 10% outside them.
- CDD debt: ask whether bond debt is still being repaid and when it ends.
Pros and cons of New Tampa
Pros
- Newer planned communities, many with amenities and gates.
- Conservation parks, trails and a regional library.
- Inside Tampa city limits, next to USF.
Cons
- CDD assessments and HOA dues on many homes.
- Traffic on Bruce B. Downs Boulevard and the interstates.
- Values down 2.4% over the year to August 2026.
See the Tampa housing market page and the Tampa ZIP code guide.
Common questions
Is New Tampa part of the City of Tampa?+
Mostly. The City of Tampa annexed New Tampa in 1988, and about 24 square miles are inside city limits. Some nearby unincorporated Hillsborough County land also uses Tampa addresses, so confirm the jurisdiction on the property appraiser record for any home before estimating taxes.
How much are homes in New Tampa?+
Zillow's typical home value for New Tampa was $477,837 in August 2026, down 2.4% over the year. Individual communities ranged from $350,381 in West Meadows to $721,224 in Cory Lake Isles. ZIP 33647 was $467,794. Compare sales in the same community to judge a price.
Do New Tampa homes have CDD fees?+
Many do. Several New Tampa communities, including Tampa Palms and Cory Lake Isles, have community development districts whose assessments appear on the property tax bill. HOA dues are separate. Check the parcel's tax bill and ask for the HOA budget before comparing the monthly cost of two homes.
Did New Tampa's evacuation zone change in 2026?+
Yes, for some areas. Hillsborough County revised its evacuation zones for 2026, and sections of New Tampa that previously had no zone were added to Zone E. Evacuation zones are separate from FEMA flood zones, so check both for the specific address.
Is New Tampa a good area to live?+
It suits buyers who want newer homes in planned communities inside Tampa city limits, with parks and conservation land nearby. Its typical value was $477,837 in August 2026. Budget for CDD assessments and HOA dues where they apply, and test the commute on Bruce B. Downs Boulevard or I-75 before deciding.
Sources
- Wikipedia: New Tampa
- FOX 13 Tampa Bay: Hillsborough County adjusts hurricane evacuation zones (April 2026)
- City of Tampa: Flooding
- FEMA: Flood Map Service Center
- Hillsborough County Public Schools: School zones locator
- Zillow Research: Zillow Home Value Index (August 2026 data)
- Hillsborough County Property Appraiser: 2025 final millage rates
- HART: Fares
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Antonio Roberts
Antonio Roberts has spent five years helping more than 500 Florida buyers and sellers choose the right real estate agent. He is not a real estate agent himself: he researches what matters in a Florida move and connects people with licensed local agents, free of charge.
Reviewed by a licensed Florida real estate agent. Before publication, this guide was checked for accuracy by a licensed Florida real estate agent on our team. It is general information, not legal, tax or financial advice.
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