Tampa Real Estate Market Analysis

Houses for Sale in Tampa

Start Analyzing
Mashvisor Home

Discover

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 Realtors and Real Estate Agents

Select agents


Tampa  Real Estate Investment Performance
Facts and Market Trends in Tampa
Homes For Sale481
Airbnb Properties842
Rental Properties2,202
Traditional Vacancy rate7.00%
Airbnb Occupancy Rate50.82%
Mashmeter68.43%
Median Price$336,450
Median Rent Price$1,808
Price/sqft$256
Median Days on Market54
Price to Rent Ratio20.6
Average Cap Rate
Airbnb2.07%
Traditional2.95%
Average Rental Income
Airbnb$2,245
Traditional$1,651
 
Median Household Income$52,212
Population385,430
Transportation in Tampa
50 / 100
Somewhat Walkable
34 / 100
Some Transit
55 / 100
Bikeable
Tampa  Rent Prices
RENTAL STRATEGY STUDIOS 1 BEDROOM 2 BEDROOMS 3 BEDROOMS 4 BEDROOMS
Airbnb$946$1,157$1,398$2,468$3,521
Traditional$1,067$1,053$1,316$1,929$2,645
Tampa, FL - Homes for Sale - Newly Listed
$350,000
MLS T3301059
13308 KRAMERIA WAY
Tampa, FL 33626
Tampa International Airport Area
Single Family Residential
3 beds2 baths1,787 sq.ft.
CAP RATE
Trad. 4.20%Airbnb 0.22%
$375,000
MLS T3300861
14903 NORTHWOOD VILLAGE LANE
Tampa, FL 33613
Forest Hills
Single Family Residential
4 beds2 baths1,774 sq.ft.
CAP RATE
Trad. 6.24%Airbnb 4.57%
$275,000
MLS T3300875
9411 CAVENDISH DRIVE #108
Tampa, FL 33626
Tampa International Airport Area
Townhouse
2 beds2 baths1,526 sq.ft.
CAP RATE
Trad. 2.89%Airbnb -1.99%
$265,000
MLS T3300855
4255 BRENTWOOD PARK CIRCLE
Tampa, FL 33624
Forest Hills
Townhouse
2 beds2 baths1,315 sq.ft.
CAP RATE
Trad. 2.85%Airbnb 0.75%
Top Performing Tampa Properties
$219,900
MLS T3297689
9323 N DARTMOUTH AVENUE
Tampa, FL 33612
Forest Hills
Single Family Residential
3 beds1 baths984 sq.ft.
CAP RATE
Trad. 5.82%Airbnb 7.86%
$225,000
MLS T3300688
8409 N 10TH STREET
Tampa, FL 33604
Sulphur Springs
Single Family Residential
3 beds2 baths1,512 sq.ft.
CAP RATE
Trad. 2.65%Airbnb 7.36%
$215,000
MLS T3284787
5104 LESHER COURT
Tampa, FL 33624
Forest Hills
Other
3 beds2 baths1,209 sq.ft.
CAP RATE
Trad. 5.16%Airbnb 7.24%
$150,000
MLS T3294503
3809 E CRAWFORD STREET
Tampa, FL 33604
River Grove
Single Family Residential
2 beds2 baths1,008 sq.ft.
CAP RATE
Trad. 5.67%Airbnb 7.14%
Recently Sold Homes in Tampa, FL
$1,600,000
MLS U8115254
8311 LAKE MELENA WAY
Tampa, FL 33614
Lowry Park Central
Multi Family
0 beds0 baths8,256 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$259,900
MLS U8119521
2903 N 9TH STREET
Tampa, FL 33605
Ybor City
Multi Family
0 beds0 baths1,445 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$209,000
MLS T3299116
8517 N 15TH STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,715 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$315,000
MLS T3300129
910 E BROAD STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,420 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Tampa Housing Market

The Tampa housing market has witnessed a strong real estate appreciation in the last ten years. Since Q1 of 2000, Tampa properties have experienced a total appreciation of 129.39% at an average annual rate of 4.41% according to NeighborhoodScout. 

Zillow reports that Tampa property values have gone up 5.5% over the past year and are predicted to rise 1.6% within the next year. Still, the Tampa real estate market remains one of the most affordable in the state and in the U.S. in general when it comes to property prices. 

The Tampa housing market is currently a buyer’s market as there are more homes for sale on the market than people looking to buy. The prices are moving slow, making it the best time to buy an investment property in Tampa.

Tampa, FL Top Multi Family Homes
$299,900
MLS T3276146
7502 N ROME AVENUE
Tampa, FL 33604
Lowry Park Central
Multi Family
4 beds3 baths1,944 sq.ft.
CAP RATE
Trad. 4.74%Airbnb N/A
$235,000
MLS T3284562
3418 N GARRISON STREET
Tampa, FL 33619
Grant Park
Multi Family
0 beds0 baths1,860 sq.ft.
CAP RATE
Trad. 3.08%Airbnb N/A
$270,000
MLS T3298256
8113 N ALASKA STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,628 sq.ft.
CAP RATE
Trad. 2.34%Airbnb N/A
$330,000
MLS T3300678
6803 S FAUL STREET
Tampa, FL 33616
Port Tampa City
Multi Family
0 beds0 baths1,815 sq.ft.
CAP RATE
Trad. 1.48%Airbnb N/A
Homes Below Median Price in the Tampa, FL Real Estate Market
$219,900
MLS T3297689
9323 N DARTMOUTH AVENUE
Tampa, FL 33612
Forest Hills
Single Family Residential
3 beds1 baths984 sq.ft.
CAP RATE
Trad. 5.82%Airbnb 7.86%
$225,000
MLS T3300688
8409 N 10TH STREET
Tampa, FL 33604
Sulphur Springs
Single Family Residential
3 beds2 baths1,512 sq.ft.
CAP RATE
Trad. 2.65%Airbnb 7.36%
$215,000
MLS T3284787
5104 LESHER COURT
Tampa, FL 33624
Forest Hills
Other
3 beds2 baths1,209 sq.ft.
CAP RATE
Trad. 5.16%Airbnb 7.24%
$150,000
MLS T3294503
3809 E CRAWFORD STREET
Tampa, FL 33604
River Grove
Single Family Residential
2 beds2 baths1,008 sq.ft.
CAP RATE
Trad. 5.67%Airbnb 7.14%
Tampa Airbnb Growth and Regulations

The vacation rental market has been booming in Tampa in recent years. The Tampa Bay Area market generated a total of  $113 million in Airbnb revenue in 2018, accounting for nearly 14% of the state’s total Airbnb income. 

The good news for Airbnb Tampa investors is that Airbnb is legal in Tampa on the state level, and there are no official short-term rental laws in place at the city level. Under state law, no city in Florida can prohibit short-term rental investing. However, Airbnb has an agreement with Hillsborough County, the county Tampa is located in, which requires Airbnb Tampa investors of non-owner occupied properties to pay three taxes: the Florida Transient Rental Tax (6%), Florida Discretionary Sales Surtax (1%), and a County Tourist Development Tax (5%). Hosts of vacation rentals must also register the rental property with Florida’s Department of Business & Professional Regulation (DBPR) in order to obtain a rental license, unless the host remains in the home during the guests’ stay. 

Hosts using short-term rental platforms other than Airbnb will have to collect those taxes from tenants and remit them to the city themselves. Airbnb, however, collects and remits the taxes on behalf of hosts using its platform.

Tampa, FL Top Airbnb Homes
$70 per night
Entire home/apt · 1 bed
Seminole Heights Riverside Guesthouse
527
$36 per night
Entire home/apt · 1 bed
Sweet Dreams
498
$90 per night
Entire home/apt · 1 bed
Charming private guest house.
491
$37 per night
Entire home/apt · 1 bed
Tampa Bungalow in the Heights
447
Tampa, FL Homes for Rent
$1,495
MLS T3301041
$3,000
MLS T3301067
3210 HORATIO STREET #10
Tampa, FL 33609
Bon Air
Townhouse
3 beds3 baths1,914 sq.ft.
$1,250
MLS T3301179
$1,495
MLS T3301075
708 E SENECA AVENUE
Tampa, FL 33612
North Tampa
Single Family
4 beds2 baths2,000 sq.ft.
Tampa, FL Open Houses
Open 1 PM to 4 PM
$1,233,000
MLS T3299895
3509 W PALMIRA AVENUE
Tampa, FL 33629
Palma Ceia
Single Family Residential
4 beds4 baths3,223 sq.ft.
CAP RATE
Trad. 1.85%Airbnb 2.62%
Open 1 PM to 3 PM
$335,000
MLS T3300161
6308 N OTIS AVENUE
Tampa, FL 33604
Seminole Heights
Single Family Residential
2 beds1 baths935 sq.ft.
CAP RATE
Trad. 1.72%Airbnb 0.65%
Open 11 AM to 1 PM
$499,000
MLS T3300188
8843 ROYAL ENCLAVE BOULEVARD
Tampa, FL 33626
Tampa International Airport Area
Single Family Residential
4 beds3 baths2,970 sq.ft.
CAP RATE
Trad. 2.34%Airbnb 2.93%
Open 11 AM to 3 PM
$300,000
MLS T3300271
8846 CYPRESS HAMMOCK DRIVE
Tampa, FL 33614
Lowry Park Central
Single Family Residential
3 beds2 baths1,699 sq.ft.
CAP RATE
Trad. 2.56%Airbnb 5.46%
Best Tampa Neighborhoods for Buying Investment Property
Palmetto Beach
Tampa, FL
48%
Mashmeter
property price
2300000
Median
cap rate
0.61%
Traditional
1.27%
Airbnb
rental income
$1,161
Traditional
$2,431
Airbnb
homes for sale
1
occupancy rate
50%
Airbnb
North Hyde Park
Tampa, FL
76%
Mashmeter
property price
729000
Median
cap rate
3.46%
Traditional
4.58%
Airbnb
rental income
$2,102
Traditional
$2,782
Airbnb
homes for sale
5
occupancy rate
44%
Airbnb
West Riverfront
Tampa, FL
67%
Mashmeter
property price
625250
Median
cap rate
3.81%
Traditional
5.44%
Airbnb
rental income
$1,987
Traditional
$2,833
Airbnb
homes for sale
1
occupancy rate
49%
Airbnb
Courier City
Tampa, FL
69%
Mashmeter
property price
535000
Median
cap rate
4.88%
Traditional
5.63%
Airbnb
rental income
$2,177
Traditional
$2,509
Airbnb
homes for sale
9
occupancy rate
42%
Airbnb
Oakford Park
Tampa, FL
67%
Mashmeter
property price
691328
Median
cap rate
3.05%
Traditional
3.85%
Airbnb
rental income
$1,757
Traditional
$2,219
Airbnb
homes for sale
8
occupancy rate
46%
Airbnb