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Tampa Real Estate Market Overview

Average Monthly Rent:

$1,762

Percentage Change in Home Price/Value:

14.3%

Median Home Value:

$365,000

Best Time To Sell Home:

June

Affordability Index:

110

Days To Sell House:

51

Job Market:

Fair

Public School Ranking:

18

Location and Weather

Tampa is located on the west coast of Florida. It is the second largest metropolitan area in the state and the third largest city in Florida. Tampa’s weather consists of long summers and cool, short winters. Similar to most Floridian cities, the environment is humid and has around 3-4 months of rain throughout the year.

Tampa also offers warm water beaches and cloudless skies during its remaining months, making it a prime destination for outside recreation and tourism.

Population, Job Market and Cost of Living

Tampa’s population is 407,104 with a growth rate of 0.61% annually. The job market has increased by 2.3% over the last year. In ten years, job growth is predicted to be 42.7%. This city has a sturdy job market, as it’s home to ten Fortune 1000 companies and three large seaports. Combined, these seaports contribute more than $15 billion dollars a year to Tampa’s economy and over 130,000 jobs to its residents. Some of the other major industries here are business, finance, architecture and engineering.

Big employers in this city include the BayCare Health System, Hillsborough County School District, and the University of South Florida. Tampa is considered a slightly more expensive place to live when compared to Florida’s overall cost of living.

Hottest Neighborhoods:

Hyde Park, Harbour Island, Historic Hyde Park, Palma Ceia West and Davis Islands

Average Monthly Rent in Tampa

The average monthly rent in Tampa is $1,762 for an average apartment size of 927 sq. feet.

Change in Home Value and Median Home Value

There has been a 14.3% increase in Tampa’s median home value over the last year. As of 2022, the median home value is $365,000.

Days to Sell a House

On average, homes in Tampa sell after 51 days on the market.

Best Time to Sell a House in Tampa

The best time to sell a house in Tampa if you’re looking for the most profit is in June. If you’re looking to sell your house quickly, the best month to do so is in May.

Affordability Index

The affordability index in Tampa is 110. This number indicates increased affordability in this city.

Tampa Public School Ranking

The top ranked public schools are St. Petersburg Collegiate High School, Plant High School, Strawberry Crest High School, Steinbrenner High School, and Sickles High School. This information is based on key statistics, reviews from students and parents, and data from the U.S. Department of Education.

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