Lorene Terrace
Homes for Sale in Tampa, FL

Lorene Terrace is a settled, mid-sized Tampa community of 456 homes in Hillsborough County, with a median footprint just under 1,760 square feet and a homestead share around 64% — a sign most owners occupy rather than rent.

Stellar MLS sales records identify 47 homes in Lorene Terrace that have changed hands since 2004, built between 1928 and 2000 (median 1959), with a median living area of about 1,517 sq ft and a typical 3-bedroom, 2-bath layout; 98% 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.

County records show 19 qualified sales in Lorene Terrace across 2024–2025 (12 in 2024, 7 in 2025), median $430,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

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.

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

In ZIP 33614, 161 homes are on the market and 22% are under contract — a steady corner of Tampa.

Across Hillsborough County, 6,324 homes are active and 1,810 pending (22% under contract).

In ZIP 33614 (Tampa), 349 homes closed in the last 12 months at a median of $410K ($270/sq ft), down 0.6% year over year, with a median 34 days on market. Right now 55 active and 16 pending listings put supply at about 4.8 months — a balanced market. See the live ZIP 33614 housing market and the Hillsborough County market.

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

The century-wide year-built range is the defining feature. A home from the 1920s and one from 2024 can sit in the same community, and the median 1964 build tells you the core of the stock is mid-century. Practically, that means variable lot sizes, older systems in many homes, and renovation quality that ranges all over the map. Do your diligence on each property individually rather than assuming a neighborhood standard.

At a median living area near 1,759 square feet, these are moderate-sized homes rather than sprawling ones. The roughly 64% homestead share points to a stable owner-occupant base, which historically supports steadier upkeep across the community — though it also means turnover can be limited, and the right home may not come up on your timeline.

In a community with no recent closings on record and a century-wide range of build years, the number that matters is the one for the specific house — not the neighborhood average. We underwrite each property on condition, systems, and renovation quality, so you are not overpaying for a listing that photographs better than it inspects, or overlooking a solid home that needs cosmetic work.

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