Forbes
Homes for Sale in Tampa, FL

Community in Tampa · Hillsborough County · ZIP 33603
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Built fromLive Stellar MLS data13 years of closingsUpdated twice daily

As of September 2026, the MLS records 13 closed sales in Forbes Unit 1 in Tampa, FL since 2013, the most recent in May 2026. Across Tampa as a whole, 4,890 homes closed in the last 12 months at a median of $442,500, 39 median days on market, with 1,287 homes for sale today. At that median and Hillsborough County's FY2025-26 rate of 15.73 mills, annual property tax runs about $6,960 ($6,340 with the full homestead exemption).

Jon Brooks, founder of Momentum Realty
Jon's Current Read

Forbes Unit 1 is a small, established pocket of 59 homes in Tampa, with a median build year of 1957 and a range stretching from 1948 up to 2006. That spread means the housing stock is not uniform — you have original mid-century construction sitting alongside a handful of much newer builds, so condition and updates do more to set value here than location alone.

With roughly two-thirds of homes carrying a homestead exemption, this reads as a community with a strong base of long-held, owner-occupied property rather than one turning over through investor activity. For buyers, that typically means fewer homes on the market at any given time and more variation in how well each has been maintained or renovated. For sellers, it argues for pricing off condition and comparable recent updates rather than assuming a uniform per-square-foot number across the community.

Nearby homes for sale

No active listings inside Forbes Unit 1 right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.

5203 N MENDENHALL DRIVE
$389K · 0.1 mi away
3 bd · 2 ba · 1,456 sqft
5203 N MENDENHALL DRIVE
Listed by KELLER WILLIAMS TAMPA PROP.
1706 W LOUISIANA AVENUE
$775K · 0.1 mi away
4 bd · 2 ba · 1,991 sqft
1706 W LOUISIANA AVENUE
Listed by KELLER WILLIAMS SOUTH TAMPA
1509 W BARR DRIVE
$400K · 0.3 mi away
3 bd · 2 ba · 1,561 sqft
1509 W BARR DRIVE
Listed by MARK SPAIN REAL ESTATE
1521 W RIVER SHORE WAY
$435K · 0.4 mi away
3 bd · 2 ba · 1,476 sqft
1521 W RIVER SHORE WAY
Listed by OPENDOOR BROKERAGE LLC
1529 W RIVER LANE
$424K · 0.4 mi away
3 bd · 2 ba · 1,420 sqft
1529 W RIVER LANE
Listed by THE PROPERTY SHOPPE
2504 W SOUTH AVENUE
$280K · 0.4 mi away
2 bd · 1 ba · 1,050 sqft
2504 W SOUTH AVENUE
Listed by CENTURY 21 ALLIANCE REALTY

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

Forbes Unit 1 is a compact, older Tampa community where the age of the housing stock — not any shared amenity package — is the defining feature; there are no community amenities identified from current MLS listings, so the value proposition here is the homes and their lots, not shared facilities.

Stellar MLS sales records identify 13 homes in Forbes that have changed hands since 2011, built between 1920 and 2006 (median 1958), with a median living area of about 1,448 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Best for

  • Buyers comfortable evaluating an older home's condition and update history rather than assuming new-build systems
  • Buyers who want a smaller, established Tampa community without a reliance on shared amenities
  • Buyers or investors interested in a compact living footprint near the 1,582 square foot median

Probably not for

  • Buyers who want a home built within the last several years as the community norm rather than the exception
  • Buyers prioritizing built-in community amenities or shared facilities
  • Buyers who want a uniform housing stock rather than a mix spanning multiple construction eras

The market around Forbes

Forbes is too small for its own price trend, so here is the market around it.

In ZIP 33603, 135 homes are on the market and 17% are under contract — a slower corner of Tampa.

Across Hillsborough County, 6,274 homes are active and 1,939 pending (24% under contract).

In ZIP 33603 (Tampa), 403 homes closed in the last 12 months at a median of $412K ($304/sq ft), down 1.1% year over year, with a median 35 days on market. Right now 66 active and 15 pending listings put supply at about 6.5 months — a balanced market. See the live ZIP 33603 housing market and the Hillsborough County market.

ZIP and county figures describe the wider market, not Forbes specifically. Momentum Research analysis of MLS records.

If we were buying in Forbes today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Forbes.

Best Buy
Buyers looking for a smaller, established Tampa community with an older housing base and room to add value through updates.
Biggest Risk
The wide construction range (1948–2006) means condition and system age must be verified home by home rather than assumed.
Sweet Spot
Buyers comfortable evaluating an older home on its own maintenance record rather than relying on a uniform community standard.
Avoid If
You are seeking community amenities as part of the purchase — none are currently identified from MLS listings here.

A Mid-Century Base with Uneven Updates

The median living area across Forbes Unit 1 runs about 1,582 square feet, which puts most homes here in a modest, efficient footprint rather than the larger builds seen in newer Tampa subdivisions. Combined with a median year built of 1957, this points to a community built primarily in an earlier construction era, with the newest homes (up to 2006) representing later infill rather than the norm.

Because the range of construction years is wide — 1948 to 2006 — due diligence on any individual home matters more than in a community built in a single phase. Roof age, electrical and plumbing updates, and prior renovation history will vary significantly from one address to the next, and that variation is the main driver of price differences within the community rather than lot size or position.

The location and the amenities are priced into every listing in Forbes. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a community this small, with only 59 homes and a wide range of construction years, generic comps do not tell the full story. We track condition, update history, and homestead status home by home so you are pricing or bidding against what is actually on the ground, not an average that papers over a 1948 build sitting next to a 2006 one.

Forbes in 15 seconds.

Best forBuyers looking for a smaller, established Tampa community with an older housing base and room to add value through updates.
Biggest advantageThe homestead share near two-thirds suggests a community anchored by longer-term ownership rather than rapid turnover.
Biggest riskThe wide construction range (1948–2006) means condition and system age must be verified home by home rather than assumed.
Sweet spotBuyers comfortable evaluating an older home on its own maintenance record rather than relying on a uniform community standard.
Avoid ifYou are seeking community amenities as part of the purchase — none are currently identified from MLS listings here.

HOA, CDD & Fees

In short
  • HOA status not on record. Verify any dues before you offer
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Forbes sales matched to your home.

What is your Forbes home worth?

Get a no-obligation home value based on real comparable sales in Forbes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.
Buyers comfortable evaluating an older home's condition and update history rather than assuming new-build systemsExcellent fit
Buyers who want a smaller, established Tampa community without a reliance on shared amenitiesExcellent fit
Buyers or investors interested in a compact living footprint near the 1,582 square foot medianExcellent fit
Buyers who want a home built within the last several years as the community norm rather than the exceptionProbably not
Buyers prioritizing built-in community amenities or shared facilitiesProbably not
Buyers who want a uniform housing stock rather than a mix spanning multiple construction erasProbably not

Nearby Communities

Explore more neighborhoods near Forbes with Momentum Realty’s local guides.

WAWellswood Annex0.0 mi awayMTMendenhall Terrace0.2 mi away · 1 for sale3W3Hb Wishart S0.3 mi awayRRivershores0.4 mi away · median $472K, 4 sales/12 moAGArmenia Gardens0.4 mi away · 1 for saleWWellswood0.4 mi away · 109 homes, built 1943–24AAyalas0.4 mi away · median $375K, 3 sales/12 moWEWellswood Estates0.5 mi away · 153 homes, built 1943–24

Browse all neighborhood guides →

Data sources & freshness

Under-contract sharesStellar MLS records, as of 2026-09-08
Historical depthClosed-sale records back to 2013 (13 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.

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Common questions about Forbes

Where is Forbes?

Forbes is a community in Tampa, Hillsborough County, Florida, ZIP 33603.

Are there homes for sale in Forbes right now?

No active listings inside Forbes at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.

Does Forbes have an HOA or CDD?

No HOA is on record for Forbes in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.

Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.

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