Owner-Occupied vs Investor Neighborhoods in Hillsborough County
Who owns a neighborhood tells you how it will behave: homesteaded blocks turn over slowly and vote for the HOA budget; investor-heavy ones rent, flip and swing with the market. Florida publishes the answer parcel by parcel on the county property appraiser’s roll, and this page rolls it up for every Hillsborough County community we track — the homestead share (owner-occupancy), the estimated non-owner-occupied share, out-of-state owners and LLC/trust ownership.
Across 3074 Hillsborough County communities and 645,500 residential parcels on the 2025 Florida DOR roll, 64% of homes are homesteaded — the owner-occupancy proxy — and 36% are not; 7% are owned from out of state and 10% are held by an LLC, corporation or trust. Whisper Sound is the most owner-occupied community in the county at 97%; West Lake the most investor-held at 0% homesteaded.
Most owner-occupied communities in Hillsborough County
| Community | City | Homesteaded | Non-owner-occupied | Parcels | Built (median) |
|---|---|---|---|---|---|
| Whisper Sound | Tampa | 97% | 3% | 36 | 1979 |
| Kambridge | Lutz | 97% | 3% | 35 | 1997 |
| Villarosa M | Lutz | 97% | 3% | 63 | 2001 |
| Rustic Oaks Plantation | Plant City | 97% | 3% | 31 | 1978 |
| Southfork At Van Dyke Farms | Odessa | 96% | 4% | 48 | 1994 |
| Twin Branch Acres | Tampa | 96% | 4% | 139 | 1986 |
| Casey Lake Manors | Tampa | 95% | 5% | 43 | 1996 |
| Westchase - Millport | Tampa | 95% | 5% | 61 | 1996 |
| Lake Maurine | Odessa | 95% | 5% | 60 | 1984 |
| Buckhorn Golf Estates | Valrico | 95% | 5% | 37 | 1985 |
| Montreux | Odessa | 94% | 6% | 73 | 2002 |
| Village 10 Unit 01 Of Carrollwood Village Ph | Tampa | 94% | 6% | 52 | 1984 |
| Village X Unit 1 Of Carrollwoo | Tampa | 94% | 6% | 52 | 1984 |
| country trails | Plant City | 94% | 6% | 52 | 1985 |
| Village V Of Carrollwood Villa | Tampa | 94% | 6% | 34 | 1980 |
| Tarawood | Tampa | 94% | 6% | 101 | 1979 |
| Village Wood | Tampa | 94% | 6% | 51 | 1993 |
| Lakeside Townhomes | Tampa | 94% | 6% | 48 | 2002 |
| Twin Branch Acres | Tampa | 94% | 6% | 112 | 1986 |
| Twin Branch Acres | Tampa | 94% | 6% | 108 | 1985 |
| Promenade At Lake Park | Lutz | 94% | 6% | 93 | 2017 |
| Lakeside Grove Estates | Odessa | 94% | 6% | 46 | 1983 |
| Fairway Village | Tampa | 93% | 7% | 181 | 1979 |
| Twin Branch Acres | Tampa | 93% | 7% | 122 | 1986 |
| Stoner Woods | Riverview | 93% | 7% | 30 | 1986 |
Most investor-held communities
Lowest homestead share — rentals, second homes and flips concentrate here.
| Community | City | Homesteaded | Non-owner-occupied | LLC / trust | Parcels |
|---|---|---|---|---|---|
| West Lake | Wimauma | 0% | 100% | 28% | 302 |
| Spencer Glen South | Riverview | 0% | 100% | 92% | 240 |
| Indigo Creek | Apollo Beach | 0% | 100% | 83% | 109 |
| Ruskin Preserve | Ruskin | 0% | 100% | 91% | 87 |
| Balm Grove | Wimauma | 0% | 100% | 60% | 179 |
| Canvas Townhomes | Tampa | 0% | 100% | 67% | 43 |
| West Lake Townhomes | Tampa | 0% | 100% | 27% | 325 |
| Holloway Landing | Plant City | 0% | 100% | 88% | 87 |
| Unk | Wimauma | 0% | 100% | 11% | 62 |
| Spencer Glen | Riverview | 0% | 100% | 94% | 250 |
| Ruskin Reserve | Ruskin | 0% | 100% | 88% | 167 |
| Balm Gove East | Wimauma | 0% | 100% | 67% | 104 |
| cypress ridge | Wimauma | 0% | 100% | 72% | 144 |
| Evergreen South | Thonotosassa | 0% | 100% | 98% | 43 |
| Falls At New Tampa Condo | Temple Terrace | 0% | 100% | 85% | 40 |
| west lake | Wimauma | 0% | 100% | 14% | 187 |
| Farm At Varrea | Plant City | 0% | 100% | 64% | 92 |
| Cypress Ridge Ranch | Wimauma | 0% | 100% | 63% | 348 |
| Balm Grove East | Wimauma | 0% | 100% | 68% | 200 |
| Regency At Waterset | Apollo Beach | 1% | 99% | 82% | 135 |
| Palmera Pointe | Tampa | 2% | 98% | 92% | 102 |
| Raintree Townhomes | Tampa | 4% | 96% | 78% | 55 |
| Allegro Palm A Condominium | Riverview | 5% | 95% | 78% | 252 |
| Chelsea Court Townhomes | Tampa | 5% | 95% | 2% | 40 |
| Chelsea | Tampa | 7% | 93% | 2% | 56 |
Most out-of-state owners
| Community | City | Out-of-state | Homesteaded | Parcels |
|---|---|---|---|---|
| Meridian Luxury Condo | Tampa | 80% | 9% | 64 |
| Allegro Palm A Condominium | Riverview | 78% | 5% | 252 |
| Unk | Wimauma | 68% | 0% | 62 |
| west lake | Wimauma | 64% | 0% | 187 |
| West Lake Townhomes | Tampa | 55% | 0% | 325 |
| West Lake | Wimauma | 54% | 0% | 302 |
| Regency At Waterset | Apollo Beach | 52% | 1% | 135 |
| bahia beach townhomes | Ruskin | 49% | 21% | 156 |
| Bahia Beach Townhomes | Ruskin | 49% | 21% | 156 |
| Newport Town Homes | Tampa | 42% | 10% | 31 |
| Balm Grove | Wimauma | 40% | 0% | 179 |
| Brisa Del Mar Townhomes | Apollo Beach | 39% | 48% | 46 |
| Summerfield Vill | Riverview | 39% | 47% | 116 |
| Venetian At Bay Park | Ruskin | 37% | 49% | 302 |
| Country Hills East U | Plant City | 36% | 49% | 45 |
Highest LLC, corporate or trust ownership
| Community | City | LLC / trust | Homesteaded | Parcels |
|---|---|---|---|---|
| Evergreen South | Thonotosassa | 98% | 0% | 43 |
| Spencer Glen | Riverview | 94% | 0% | 250 |
| Spencer Glen South | Riverview | 92% | 0% | 240 |
| Palmera Pointe | Tampa | 92% | 2% | 102 |
| Ruskin Preserve | Ruskin | 91% | 0% | 87 |
| Holloway Landing | Plant City | 88% | 0% | 87 |
| Ruskin Reserve | Ruskin | 88% | 0% | 167 |
| Falls At New Tampa Condo | Temple Terrace | 85% | 0% | 40 |
| Indigo Creek | Apollo Beach | 83% | 0% | 109 |
| Regency At Waterset | Apollo Beach | 82% | 1% | 135 |
| Raintree Townhomes | Tampa | 78% | 4% | 55 |
| Allegro Palm A Condominium | Riverview | 78% | 5% | 252 |
| Meridian Luxury Condo | Tampa | 73% | 9% | 64 |
| cypress ridge | Wimauma | 72% | 0% | 144 |
| Balm Grove East | Wimauma | 68% | 0% | 200 |
How to read this
Homestead exemption is claimed by owners who live in the home as their primary residence, so the homestead share is a close proxy for owner-occupancy; the non-owner-occupied estimate is its complement adjusted for parcels that cannot claim it. Out-of-state and LLC/trust shares come from the owner mailing address and owner name on the roll. Communities are matched to parcels by subdivision and street; figures are for the parcels matched (n shown), not necessarily every home. Source: Florida Department of Revenue NAL assessment roll, 2025, compiled by Momentum Research, September 2026. Back to homes for sale in Hillsborough County.