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Tampa real estate market overview
- Average Monthly Rent: $1,762
- Home Price/Value Percentage Change: 14.3%
- Median Home Value: $365,000
- Best Time To Sell a Home: June
- Affordability Index: 110
- Days To Sell a 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.
Tampa real estate market details
- Hyde Park
- Harbour Island
- Historic Hyde Park
- Palma Ceia West
- Davis Islands
The average monthly rent in Tampa is $1,762 for an average apartment size of 927 sq. feet.
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.
On average, homes in Tampa sell after 51 days on the market.
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.
The affordability index in Tampa is 110. This number indicates increased affordability in this city.
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 US Department of Education.