Tampa Real Estate Market Analysis

Investment Property in Tampa, FL

Discover Investment Performance Rent Prices Top Properties Top Neighborhoods Insights

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Tampa

Tampa is a major city located on the West Coast of the state of Florida near the Gulf of Mexico on Tampa Bay. With a population of nearly 392,890 people, it is the largest city in the Tampa Bay Area and the third most populous city in Florida after Jacksonville and Miami. The Tampa Bay Area, also known as the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area, is a large metropolitan area encompassing Tampa City and the nearby cities of St. Petersburg and Clearwater, with over 3.1 million residents. This makes it the fourth largest metro area in the Southeastern U.S. after Miami, Washington, D.C., and Atlanta.

The Tampa real estate market benefits from the fact that Tampa is one of the fastest growing cities in the U.S. (as reported by Forbes), with a population growth rate well above the national growth rate. This growth is especially due to the strong annual net migration over the past five years. Additionally, more than half of the population (53% according to NeighborhoodScout) are renters rather than homeowners, meaning that Tampa rental properties enjoy particularly high demand.

Tampa is the industrial, commercial, and financial hub of Florida’s West Coast. While the city is best known for its beaches and tourist attractions, such as Busch Gardens, it is not only a center for tourism; Tampa also enjoys a diversified economic base that includes finance, health care, insurance, retail, technology, construction, and maritime industry. Large corporations such as banks and telecommunication companies have regional offices in the city. A number of Fortune 1000 companies are headquartered in the metropolitan area, with Publix Super Markets being the largest employer in Tampa Bay. Tampa is witnessing an influx of young and highly educated people owing to the growth in employment opportunities; most of them seek to live close to their place of work. This is particularly beneficial to those considering to invest in the Tampa real estate market, especially when it comes to traditional rental properties. Tampa is a decidedly white collar city with an employment growth rate well above the national rate. The Tampa housing market is also boosted by the numerous residential and commercial development projects being built in Downtown Tampa and in the suburbs.

For the first time in forty years, the Tampa real estate market made it into the Top 10 U.S. Markets to Watch rankings by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. It was noted that Tampa is particularly attractive to real estate investors for its demographic growth, friendly business climate, and attractive cost structure.

Tampa Rent Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,557	$ 1,827	$ 2,605	$ 4,039
Traditional	$ 948	$ 1,223	$ 1,807	$ 2,061

Airbnb

1 ROOM	$ 1,557
2 ROOMS	$ 1,827
3 ROOMS	$ 2,605
4 ROOMS	$ 4,039

Traditional

1 ROOM	$ 948
2 ROOMS	$ 1,223
3 ROOMS	$ 1,807
4 ROOMS	$ 2,061

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Top Tampa Active Investment Properties

$199,025

4723 W IOWA AVENUE

Sun Bay South

3 beds

2 baths

1,546 sq.ft.

CASH ON CASH

Trad. 3.72%

Airbnb 10.00%

CAP RATE

Trad. 3.72%

Airbnb 10.00%

$233,000

131 CONNIE AVENUE

Forest Hills

4 beds

2 baths

1,582 sq.ft.

CASH ON CASH

Trad. 3.80%

Airbnb 9.92%

CAP RATE

Trad. 3.80%

Airbnb 9.92%

$195,000

10211 TURTLE HILL COURT

Tampa International Airport Area

3 beds

2 baths

956 sq.ft.

CASH ON CASH

Trad. 5.46%

Airbnb 9.91%

CAP RATE

Trad. 5.46%

Airbnb 9.91%

$115,000

8415 N EDISON AVENUE

Lowry Park Central

2 beds

1 baths

840 sq.ft.

CASH ON CASH

Trad. 2.81%

Airbnb 9.84%

CAP RATE

Trad. 2.81%

Airbnb 9.84%

Top Tampa Neighborhoods

Ybor City

Mashvisor, Inc.

67% Mashmeter

PROPERTY PRICE

$227,335

Median

CASH ON CASH RETURN

2.45%

Traditional

3.67%

Airbnb

RENTAL INCOME

$ 1,058

Traditional

$ 2,127

Airbnb

56%

Airbnb occ. rate

Downtown

Mashvisor, Inc.

68% Mashmeter

PROPERTY PRICE

$330,000

Median

CASH ON CASH RETURN

0.27%

Traditional

0.81%

Airbnb

RENTAL INCOME

$ 2,019

Traditional

$ 2,893

Airbnb

58%

Airbnb occ. rate

West Riverfront

Mashvisor, Inc.

66% Mashmeter

PROPERTY PRICE

$199,999

Median

CASH ON CASH RETURN

3.13%

Traditional

5.43%

Airbnb

RENTAL INCOME

$ 1,598

Traditional

$ 2,671

Airbnb

59%

Airbnb occ. rate

Historic Ybor

Mashvisor, Inc.

79% Mashmeter

PROPERTY PRICE

$178,950

Median

CASH ON CASH RETURN

3.06%

Traditional

4.91%

Airbnb

RENTAL INCOME

$ 1,341

Traditional

$ 2,420

Airbnb

56%

Airbnb occ. rate

Channel District

Mashvisor, Inc.

68% Mashmeter

PROPERTY PRICE

$435,000

Median

CASH ON CASH RETURN

1.78%

Traditional

1.70%

Airbnb

RENTAL INCOME

$ 2,726

Traditional

$ 3,066

Airbnb

57%

Airbnb occ. rate

Tampa Insights

News

Carriage Svcs (CSV) Holder Deutsche Bank Ag Lifted Position by $663,784 as Shares Rose; Seacoast Bkg Fl (SBCF) Shareholder 1492 Capital Management Lowered Position - The EN Herald

Nicholas Bougadis explores Tampa Bay Area investment property market - Yahoo Finance

Tampa Office Building Changes Hands for Nearly $30M - GlobeSt.com

Investment firm lures corporate M&A exec for new role - Business Observer

The Mooch gets invite to speak at South Florida real estate event - Palm Beach Post

Home sales up double digits in county hardest hit by Michael - Florida Trend

American Landmark and RSE Capital Partners Acquire 360-Unit Community in Tampa's Westshore District - MultifamilyBiz.com

Clearwater investment firm could be first to take advantage of OZ funds in Tampa Bay area - Tampa Bay Business Journal

A Fed Rate Cut Could Be Good News for Some Luxury Housing Market Sectors - Mansion Global

Williams Moves from CBRE to Walker & Dunlop in Central Florida - GlobeSt.com

Blackstone Entity Acquires Tampa Distribution Center for $69M - GlobeSt.com

Planned Tampa Area Multifamily Secures Bridge Financing - GlobeSt.com

Kay Properties Successfully Completes the Delaware Statutory Trust (DST) 1031 Exchange Investment in Tampa, FL - Yahoo Finance

Lingerfelt CommonWealth Acquires Office Tower In Minneapolis, Commonwealth Commercial Opens 15th National Office - PRNewswire

Berkadia Arranges Multiple Multifamily Sales in Florida and Georgia - GlobeSt.com

TruAmerica, RSE Acquire $63.74M Multifamily Portfolio - GlobeSt.com

JLL's New Initiative Unites Florida Markets - GlobeSt.com

The best places to own a home – and pay less in taxes - CNBC

What $175,000 Will Buy in the Tampa-St. Pete-Clearwater Real Estate Market - Investopedia

Major League Baseball gives Tampa Bay Rays green light to explore two-city structure in Montreal - CNBC

Tampa's Rosa Leon Realty Affiliates With Century 21 Real Estate - PRNewswire

TD Bank Provides More Than $43M for Florida Multifamily Project - GlobeSt.com

Tampa Registers Lowest Cost of Living Among Comparable Metro Areas - GlobeSt.com

Powerful Landowner Hugh Culverhouse Jr. Takes Aim at the Political Establishment - Sarasota

Investcorp Acquires 11 Multifamily Properties for $370M from Equus - GlobeSt.com

Industrial Appetite Zeros In On Tampa Market - GlobeSt.com

Highwoods Joins Bromley to Develop Midtown One in Tampa - GlobeSt.com

Lafayette and Guardian Form Single-Family Build-to-Rent Investment Company - GlobeSt.com

Single Family Rental Investment Forum (East) - Think Realty

Commercial Question of the Week -- Opportunity Zones - Business Observer

Seven Reasons to Invest in Single-Family Rentals Sooner Rather Than Later - Think Realty

Hanerfeld Leaves Cushman for CBRE’s Tampa Office - GlobeSt.com

Carter Validus REITs to Merge in $3.2B Deal - GlobeSt.com

Canadians are buying homes in Tampa Bay, but so are Icelanders, Turks and Finns - Tampa Bay Times

Vendors Expo with Los Angeles Real Estate Investors Club - Think Realty

Hidden gem in Trump's tax plan: Opportunity zones - Tampa Bay Times

Miami Tops U.S. in Home Price Cuts as Florida Markets Cool - Bloomberg

Pembrook Provides $10.5 MM in Preferred Equity Financing for Construction of Multifamily Development in Tampa, FL - PRNewswire

NYC-Based Firm Buys 189 Units of Fractured Fort Myers Condo Property - GlobeSt.com

Coolest Office Spaces: Trustwork in Tampa - Tampa Bay - Tampa Bay Business Journal

Jeff Dervech of Dervech Real Estate, Inc. Arranges Prominent Sale of Kennedy Blvd in Tampa, FL - PRNewswire

Main Monthly Event by Capital City REIA - Think Realty

WeWork’s Tampa Expansion Now Totals More Than 110,000 SF - GlobeSt.com

The Michaelson Group-GMF Capital JV Acquires Tampa-Area Multifamily for $43M - GlobeSt.com

Convergent Capital Partners focuses on what's next - Business Observer

Real Estate Investors Association of Greater Cincinnati (REIAGC) - Think Realty

Florida and Las Vegas are the Best Markets for First-time Homebuyers - PRNewswire

Kay Properties Completes Another Successful 1031 DST in Tampa Florida - GlobeNewswire

Get ready to pay more rent, even as home prices cool off - CNBC

Tampa Firm Increases Atlanta-Area Portfolio to More than 3,000 Units - GlobeSt.com

Real Estate Agents Answer: What Should Buyers Look For In A Rental Property? - Forbes

Canadian Firm Secures $65M in Financing for New Apartment Buy - GlobeSt.com

Walker & Dunlop Arranges $108 Million Sale and $65 Million Financing for Apartments in St. Petersburg, Florida - PRNewswire

Auerbach Funds and Blue Magma Residential Acquire 587 Unit, Deep Value-Add Apartment Complex in Burgeoning Southeastern Houston, TX - PRNewswire

A lack of affordable housing in Florida draws attention from state lawmakers - Florida Trend

Crowdfunding starts to change the face of downtown St. Pete commercial real estate - St Pete Catalyst

City Issues RFP for Prime West Tampa Site - GlobeSt.com

Florida is drowning. Condos are still being built. Can't humans see the writing on the wall? - The Guardian

How Tampa's James Cordier went from high roller to YouTube apology after losing $150 million - Tampa Bay Times

Douglas Elliman Expands to West Coast of Florida - PRNewswire

First-Time Homebuyer Programs for Florida Residents - U.S News & World Report Money

What Tampa’s Modern Reinvention Says About the Future of American Cities - Robb Report

The Geneva Group in Partnership With Genet Property Group Closes on Executive Industrial Park in Tampa, FL - PRNewswire

Tempting, Tasty Ways To Be Wooed By Tampa Bay - Forbes

Vinik to relaunch asset management firm: ‘The fire still burns in my belly’ - Tampa Bay Business Journal

Tampa Bay's Most Expensive Home Bests The Rest With Abundant Gold And An $18 Million Asking Price - Forbes

The 10 Surprising Housing Markets Poised to Rule in 2019 - Realtor.com News

11 Predictions For South Florida CRE In 2019 - Bisnow

Doughnut dilemma: Legal battle between Mini Doughnut Factory founders and investors shuts down shops - Tampa Bay Times

Forecasts for the housing market in 2019 - Sarasota Herald-Tribune

Market Spotlight: Jacksonville, Florida - Think Realty

18 Commercial Real Estate Trends To Dominate In 2019 - Bisnow

Former Hedge-Fund Titan and Bill Gates Are Betting Billions on Tampa - Wall Street Journal

Prominent Scientologist buys up $16 million worth of downtown Clearwater property - Tampa Bay Times

Foreign investment in residential real estate drops in Florida - Florida Trend

Venture capital gains ground around Tampa Bay - Tampa Bay Business Journal

Dallas/Fort Worth Back at #1 as Brooklyn, Orlando and Tampa Jump into the Top 10 for First Time in 40th Anniversary of Nation's Leading Report for Real Estate Investors: PwC, ULI's Emerging Trends in Real Estate® 2019 - PR Newswire

These Tampa Bay real estate heavyweights are putting their money behind tech firms - Tampa Bay Business Journal

Preferred Apartment Communities Pays $42M for Tampa Multifamily - GlobeSt.com

The Best Cities To Own Rental Property In Florida - Forbes

Polk County, Florida, Wakes From Its Slumber To Attract New Investors - Forbes Now

Florida LLCs: The Smart Way To Buy Florida Real Estate - Real Estate and Construction - United States - Mondaq News Alerts

In Tampa, multibillion-dollar Water Street District waterfront redevelopment redefining the city - Curbed

Tampa Bay still a prime location for house flippers - Tampabay.com

Hernando County among top nation’s best places to invest in single-family rentals - Tampabay.com

Real Estate Investment Options in Florida - NuWire Investor

Why Billionaire Jeff Vinik Has Gone All-In On Tampa - Bisnow

The 20 best cities to own investment properties - Business Insider

The 5 Biggest Mistakes Real Estate Investors Make and How to Avoid Them - U.S News & World Report Money