Davenport FL Rental Yields by ZIP Code: November 2026 Numbers

Davenport ZIP 33897 has the highest gross rental yield in Davenport this fall, at about 7.5% based on Zillow's September 2026 rent and home value figures. ZIP 33837 is close behind at about 7.3%, while ChampionsGate's 33896 trails at about 6.1%. Nearby Haines City (33844) beats all three at about 8.5%, mostly because homes there cost less. These are gross yields on long-term rents, before taxes, insurance, HOA dues and vacancy.

Below, Bella Trae Realty breaks down each ZIP, shows how the numbers were calculated, and explains what the 7.11% mortgage rate from Freddie Mac's November 12, 2026 survey does to cash flow.

Davenport Gross Yields by ZIP, November 2026

Gross yield is one year of rent divided by the price of the home. We used two price measures: the Zillow Home Value Index (ZHVI), which tracks the typical home in the ZIP, and the Realtor.com median list price, which tracks what sellers are asking right now. Rent comes from the Zillow Observed Rent Index (ZORI) for September 2026.

The list price yield is lower in every ZIP because asking prices run above the typical home value. Newer, larger homes make up much of what is listed. In 33896 the median listing is 2,059 square feet, and in 33897 it is 1,972 square feet, per Realtor.com's October 2026 data. If you buy near the median list price, plan on the lower number.

Why ChampionsGate Rents Lag the Rest of Davenport

ZIP 33896 has the highest typical home value of the three Davenport ZIPs and the lowest long-term rent. Zillow puts its typical rent at $1,793 in September 2026, down 0.6% from September 2025. Rents in 33837 rose 1.4% over the same year, and rents in 33897 rose 2.8%.

Part of the reason is the housing mix. Much of ChampionsGate and the surrounding resort communities were built and zoned for short-term vacation rentals near Disney. Those homes are priced on what they can earn by the night, not by the month. A long-term rent index will understate what a well-run vacation home in 33896 can bring in, and it will also miss the higher costs of running one: furnishing, cleaning, platform fees, utilities and the tourist development tax.

We are not publishing short-term rental figures in this guide because the data sources here track long-term rents only. If you are weighing a vacation rental in ChampionsGate, the long-term yield in the table is your floor case, the return if you ever convert the home to an annual lease.

What 7.11% Mortgage Rates Do to Davenport Cash Flow

Freddie Mac's Primary Mortgage Market Survey put the average 30-year fixed rate at 7.11% on November 12, 2026, down from 7.24% on October 29. Here is the monthly principal and interest on a 30-year loan with 20% down at that rate, compared with typical rent.

These payments leave out property taxes, homeowners insurance, HOA or CDD fees, maintenance, vacancy and management. Once you add those, a financed long-term rental bought at the median list price in any of the three Davenport ZIPs is unlikely to cash flow with 20% down. At ZHVI-level prices, 33837 and 33897 leave a few hundred dollars of rent above principal and interest to cover those costs. Haines City leaves the most room.

For cash buyers or investors putting 30% to 40% down, the gross yields in the first table are a better guide. Net yield will be lower once Florida property taxes, insurance and HOA fees are counted, and those costs vary by community.

Buyer Leverage: Inventory, Days on Market and Price Cuts

Davenport is a buyer's market for investors right now, per Realtor.com's October 2026 ZIP data:

• 33837: 666 active listings, up 7.3% from October 2025. Median 79 days on market. 18.3% of listings had a price cut. Median list price down 3.5% year over year.
• 33896: 559 active listings. Median 106 days on market, the slowest of the group. 19.3% had a price cut. Median list price down 3.5% year over year.
• 33897: 424 active listings. Median 89 days on market. 17.9% had a price cut. Median list price down 2.8% year over year.
• 33844 (Haines City): 410 active listings. Median 80 days on market. 21.0% had a price cut. Median list price down 3.7% year over year.

Zillow's home value index tells the same story. Typical values fell 2.5% to 3.9% across the three Davenport ZIPs from September 2025 to September 2026, while rents in 33837 and 33897 rose. Falling prices with steady or rising rents push yields up. With homes in 33896 sitting more than 100 days, sellers there are often open to offers below asking or to paying closing costs, which can close part of the gap between list price yield and ZHVI yield.

Picking the Right Davenport ZIP for Your Strategy

The best ZIP depends on what you want the property to do.

• Long-term rental with the strongest yield inside Davenport: 33897 and 33837 lead, with rents still rising year over year.
• Vacation rental near the parks: 33896 is built for it, but judge it on short-term income and costs. Its long-term yield is the weakest in the group.
• Highest yield in the area: Haines City 33844 has lower prices and Davenport-level rents, a short drive south on US 27.

Bella Trae Property Management runs the rent comps, HOA rental rules and expense estimates for each property you are considering, so you see a real net number before you write an offer. Our team handles leasing, tenant screening, rent collection and maintenance after you close.

Contact Bella Trae Realty today at (407) 557-8959 to get a property-by-property rental analysis for Davenport, ChampionsGate or Haines City.

Frequently Asked Questions

Which Davenport FL ZIP code has the best rental yield in November 2026?

ZIP 33897 has the highest gross yield in Davenport at about 7.5%, based on Zillow's September 2026 typical rent of $2,120 and typical home value of $341,209. ZIP 33837 is close at about 7.3%.

Why is the rental yield lower in ChampionsGate (33896)?

ChampionsGate has the highest typical home value of the three Davenport ZIPs and the lowest long-term rent, about $1,793 in September 2026. Many homes there are priced for short-term vacation rental income, which a long-term rent index does not capture.

Can a Davenport long-term rental cash flow at 7.11% mortgage rates?

It is tight with 20% down. At median list prices, principal and interest alone run about $2,018 to $2,233 a month in the three Davenport ZIPs, close to or above typical rent before taxes, insurance and HOA fees. Larger down payments or below-list purchases improve the math.

Are Davenport home prices falling?

Yes, modestly. Zillow's home value index fell 2.5% to 3.9% year over year across 33837, 33896 and 33897 as of September 2026, and Realtor.com median list prices were down 2.8% to 3.5% year over year in October 2026.

How does Haines City compare with Davenport for rental investors?

Haines City (33844) has a higher gross yield, about 8.5%, because its typical home value of $292,346 is lower while its typical rent of $2,079 is similar to Davenport's.