Best Places to Buy Property for Investing in the Tampa Real Estate Market 2018

Find the best places to buy property in Tampa, FL in less than 15 minutes!

Real estate investors are well aware that finding the most profitable investment properties depends heavily on location. According to the annual study of the PWC, Tampa, Florida is among the top 20 locations in the 2018 US real estate market! So, if you’re looking for the best places to buy property and start a real estate investing career, we advise that you start looking at Tampa real estate investment properties.

Keep reading to learn more about the Tampa real estate market and in which neighborhoods you’ll find the best investment properties, along with return on investment data computed by Mashvisor’s investment property calculator.

Why Buy an Investment Property in the Tampa Real Estate Market

The first reason that made Tampa a hot real estate market for buying investment properties is the city’s strong economy (worth over $130 billion!). The presence of Fortune 500 companies and other companies’ headquarters in Tampa helped in shaping this thriving economy. Tampa has a job growth of 2.1% per year and an unemployment rate of 3.1% (which is below both the average for the State of Florida and the national average).

This thriving economy made Tampa one of the best places to buy property because it led to an increasing population in the city. These new residents are always looking for single-family homes and multifamily homes in the Tampa real estate market. With more and more people moving to Tampa, it’s not a surprise to see an increasing demand for both commercial real estate as well as residential real estate.

Moreover, with more plans to develop and increase housing inventory in the city, Tampa real estate investors have a variety of investment properties to choose from. In addition, even though the Tampa real estate market focuses on luxury investment properties, real estate investors are still able to find affordable investment properties in the city and make a good return on investment with them.

Visit Mashvisor now to set a budget and find Tampa investment properties in the range you set.

Lastly, real estate investors will find Tampa to be one of the best places to buy property thanks to the city’s tourist market. Unlike other locations, Airbnb Tampa is legal. Last year, the Tampa real estate market welcomed 78,700 Airbnb guests, making up to $10.4 million! Thus, Tampa is one of the best places to buy property to rent out as an Airbnb.

A Quick Summary of the Tampa Real Estate Market

Now that we’ve covered why Tampa is a hot real estate market in 2018, let’s talk numbers!

best places to buy property, Tampa real estate

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The Best Places to Buy Property for Investing in the Tampa Real Estate Market

Here are more in-depth information and numbers regarding these neighborhoods, provided to you by Mashvisor’s rental property calculator:

Best Places to Buy Property in Tampa – Courier City

Median Property Price: $404,450
Traditional Rental Income: $2,054
Airbnb Rental Income: $1,975
Traditional Cash on Cash Return: 2.1%
Airbnb Cash on Cash Return: 2.55%
Traditional Cap Rate: 2.1%
Airbnb Cap Rate: 2.55%
Occupancy Rate: 47.36%

Best Places to Buy Property in Tampa – Seminole Heights

Median Property Price: $279,450
Traditional Rental Income: $1,385
Airbnb Rental Income: $2,003
Traditional Cash on Cash Return: 2.68%
Airbnb Cash on Cash Return: 4.82%
Traditional Cap Rate: 2.68%
Airbnb Cap Rate: 4.82%
Occupancy Rate: 48.08%

Best Places to Buy Property in Tampa – Tampa International Airport Area

Median Property Price: $264,900
Traditional Rental Income: $1,768
Airbnb Rental Income: $1,541
Traditional Cash on Cash Return: 3.64%
Airbnb Cash on Cash Return: 1.51%
Traditional Cap Rate: 3.64%
Airbnb Cap Rate: 1.51%
Occupancy Rate: 46.38%

Best Places to Buy Property in Tampa – Tampa Heights

Median Property Price: $310,000
Traditional Rental Income: $1,161
Airbnb Rental Income: $1,114
Traditional Cash on Cash Return: 1.78%
Airbnb Cash on Cash Return: 1.58%
Traditional Cap Rate: 1.78%
Airbnb Cap Rate: 1.58%
Occupancy Rate: 38%

Best Places to Buy Property in Tampa – Historic Ybor

Median Property Price: $194,450
Traditional Rental Income: $1,255
Airbnb Rental Income: $1,737
Traditional Cash on Cash Return: 2.67%
Airbnb Cash on Cash Return: 3.56%
Traditional Cap Rate: 2.67%
Airbnb Cap Rate: 3.56%
Occupancy Rate: 48.1%

Best Places to Buy Property in Tampa – Old Seminole Heights

Median Property Price: $249,900
Traditional Rental Income: $1,027
Airbnb Rental Income: $1,827
Traditional Cash on Cash Return: 1.47%
Airbnb Cash on Cash Return: 4.32%
Traditional Cap Rate: 1.47%
Airbnb Cap Rate: 4.32%
Occupancy Rate: 56.7%

Best Places to Buy Property in Tampa – South Seminole Heights

Median Property Price: $299,400
Traditional Rental Income: $1,291
Airbnb Rental Income: $1,735
Traditional Cash on Cash Return: 2.31%
Airbnb Cash on Cash Return: 3.19%
Traditional Cap Rate: 2.31%
Airbnb Cap Rate: 3.19%
Occupancy Rate: 55.6%

Best Places to Buy Property in Tampa – Davis Island

Median Property Price: $847,000
Traditional Rental Income: $5,324
Airbnb Rental Income: $4,224
Traditional Cash on Cash Return: 2.88%
Airbnb Cash on Cash Return: 2%
Traditional Cap Rate: 2.88%
Airbnb Cap Rate: 2%
Occupancy Rate: 54.3%

To start looking for and analyzing the best investment properties in your neighborhood of choice, click here!

How to Start Searching for a Tampa Real Estate Investment Property

Mashvisor’s platform provides property investors with the best real estate investing tools and data analysis (traditional and predictive) regarding traditional and Airbnb investment properties to help them analyze and find the best investment property. To learn more about how we will help you make faster and smarter real estate investment decisions, click here.

To start your search for an investment in these best places to buy a property in the Tampa real estate market, make use of Mashvisor’s:

Investment Property Finder: A powerful and heavily customizable search tool that allows property investors to search for rental properties based on specific criteria, such as finding properties of a certain type, in a certain neighborhood, or with a certain cap rate.
Investment Property Calculator: A versatile tool that allows property investors to calculate different values related to an investment property, including the cash on cash return, cap rate, cash flow, and Airbnb occupancy rate.
Heatmap Function: The heatmap function of the property finder tool allows property investors to find rental properties much faster using visual cues. For example, you can set the heatmap to indicate the areas with the highest cash on cash return, and you will immediately be able to see the results.

Sign up for Mashvisor now to get access to our real estate investment tools to help you buy the best investment properties in any city and neighborhood across the US housing market!

The Bottom Line

Over the years, Tampa has proven to be a hot real estate market, and according to our data analysis, it seems that it’s only getting hotter this 2018! The above-mentioned are among the best places to buy property for Tampa real estate investors. Make sure you sign up for Mashvisor to start your investment property search and find the most profitable one in your city and neighborhood of choice in less than 15 minutes!

To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here.

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