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 Sale654
Airbnb Properties921
Rental Properties1,436
Traditional Vacancy rate9.00%
Airbnb Occupancy Rate51.06%
Mashmeter66.47%
Median Price$459,350
Median Rent Price$1,689
Price/sqft$217
Median Days on Market79
Price to Rent Ratio20.9
Average Cap Rate
Airbnb3.53%
Traditional1.80%
Average Rental Income
Airbnb$2,655
Traditional$1,769
 
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 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,447$1,448$1,685$2,272$3,798
Traditional$1,047$971$1,241$1,880$2,111
Tampa, FL - Homes for Sale - Newly Listed
Investment Properties for Sale
$179,900
MLS T3210432
11408 MIDFIELD WAY
Tampa, FL 33624
Forest Hills
Other
2 beds2 baths1,260 sq.ft.
CAP RATE
Trad. 1.79%Airbnb 2.01%
Investment Properties for Sale
$299,900
MLS T3210455
1511 E KNOLLWOOD STREET
Tampa, FL 33610
Old Seminole Heights
Single Family Residential
3 beds2 baths1,513 sq.ft.
CAP RATE
Trad. 2.06%Airbnb 3.33%
Investment Properties for Sale
$225,000
MLS O5825793
14923 SALAMANDER PLACE
Tampa, FL 33625
Forest Hills
Townhouse
2 beds3 baths1,434 sq.ft.
CAP RATE
Trad. -0.09%Airbnb 0.09%
Investment Properties for Sale
$395,000
MLS T3210011
111 N 12TH STREET #1808
Tampa, FL 33602
Channel District
Condo/Coop
2 beds2 baths1,237 sq.ft.
CAP RATE
Trad. 2.20%Airbnb 1.54%
Top Performing Tampa Properties
Investment Properties for Sale
$315,000
MLS T3206014
15122 CRAGGY CLIFF STREET
Tampa, FL 33625
Forest Hills
Single Family Residential
4 beds2 baths1,936 sq.ft.
CAP RATE
Trad. 2.23%Airbnb 7.90%
Investment Properties for Sale
$200,000
MLS T3200690
9303 LONGSTONE COURT
Tampa, FL 33615
Tampa International Airport Area
Single Family Residential
3 beds2 baths1,081 sq.ft.
CAP RATE
Trad. 4.73%Airbnb 7.82%
Investment Properties for Sale
$128,500
MLS T3203439
1826 E 17TH AVENUE
Tampa, FL 33605
Historic Ybor
Single Family Residential
2 beds1 baths1,082 sq.ft.
CAP RATE
Trad. 6.79%Airbnb 7.81%
Investment Properties for Sale
$168,731
MLS
4731 Serena Dr
Tampa, FL 33617
Terrace Park
Single Family Residential
3 beds2 baths1,520 sq.ft.
CAP RATE
Trad. 2.35%Airbnb 7.75%
Recently Sold Homes in Tampa, FL
Investment Properties for Sale
$226,000
MLS
4927 Murray Hill Dr
Tampa, FL 33615
Tampa International Airport Area
Single Family Residential
4 beds2 baths1,357 sq.ft.
CAP RATE
Trad. 6.65%Airbnb 14.17%
Investment Properties for Sale
$158,000
MLS
4004 E Bluff Ave
Tampa, FL 33617
Temple Crest
Single Family Residential
2 beds1 baths1,148 sq.ft.
CAP RATE
Trad. 2.02%Airbnb -2.45%
Investment Properties for Sale
$267,000
MLS
1539 W River Ln
Tampa, FL 33603
Wellswood
Single Family Residential
3 beds2 baths1,548 sq.ft.
CAP RATE
Trad. 2.96%Airbnb 3.49%
Investment Properties for Sale
$1,115,000
MLS
3011 W Chapin Ave
Tampa, FL 33611
Bayshore Beautiful
Single Family Residential
4 beds2 baths3,841 sq.ft.
CAP RATE
Trad. 1.37%Airbnb -0.64%
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
Investment Properties for Sale
$165,000
MLS T3208143
914 E 15TH AVENUE
Tampa, FL 33605
Ybor City
Multi Family
0 beds0 baths1,000 sq.ft.
CAP RATE
Trad. 4.23%Airbnb N/A
Investment Properties for Sale
$154,900
MLS T3203552
18820 TOURNAMENT TRAIL
Tampa, FL 33647
Hunters Green
Multi Family
2 beds2 baths1,316 sq.ft.
CAP RATE
Trad. 3.55%Airbnb N/A
Investment Properties for Sale
$289,000
MLS T3206353
1809 N TAMPANIA AVENUE #A
Tampa, FL 33607
Northeast Macfarlane
Multi Family
4 beds2 baths2,757 sq.ft.
CAP RATE
Trad. 2.46%Airbnb N/A
Investment Properties for Sale
$400,000
MLS T3208623
1621 E 4TH AVENUE #103
Tampa, FL 33605
Historic Ybor
Multi Family
0 beds0 baths1,750 sq.ft.
CAP RATE
Trad. 1.47%Airbnb N/A
Homes Below Median Price in the Tampa, FL Real Estate Market
Investment Properties for Sale
$315,000
MLS T3206014
15122 CRAGGY CLIFF STREET
Tampa, FL 33625
Forest Hills
Single Family Residential
4 beds2 baths1,936 sq.ft.
CAP RATE
Trad. 2.23%Airbnb 7.90%
Investment Properties for Sale
$200,000
MLS T3200690
9303 LONGSTONE COURT
Tampa, FL 33615
Tampa International Airport Area
Single Family Residential
3 beds2 baths1,081 sq.ft.
CAP RATE
Trad. 4.73%Airbnb 7.82%
Investment Properties for Sale
$128,500
MLS T3203439
1826 E 17TH AVENUE
Tampa, FL 33605
Historic Ybor
Single Family Residential
2 beds1 baths1,082 sq.ft.
CAP RATE
Trad. 6.79%Airbnb 7.81%
Investment Properties for Sale
$168,731
MLS
4731 Serena Dr
Tampa, FL 33617
Terrace Park
Single Family Residential
3 beds2 baths1,520 sq.ft.
CAP RATE
Trad. 2.35%Airbnb 7.75%
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
Tampa Airbnb
$105 per night
Entire home/apt · 1 bed
Tiny House in Historic Ybor City
489
Tampa Airbnb
$86 per night
Entire home/apt · 3 beds
2 story cottage in Seminole Heights
487
Tampa Airbnb
$34 per night
Entire home/apt · 1 bed
Tampa Bungalow in the Heights
399
Tampa Airbnb
$77 per night
Tampa, FL Homes for Rent
Investment Properties for Sale
$1,795
MLS U8065737
Investment Properties for Sale
$1,300
MLS T3210357
4945 PURITAN CIRCLE #406
Tampa, FL
Temple Crest
Apartment
2 beds2 baths906 sq.ft.
Investment Properties for Sale
$2,100
MLS U8065116
Investment Properties for Sale
$1,650
MLS U8065396
13903 LAZY OAK DRIVE #30A
Tampa, FL
Terrace Park
Apartment
3 beds2 baths1,599 sq.ft.
Tampa, FL Open Houses
Investment Properties for Sale
Open 1 PM to 4 PM
$398,900
MLS T3208186
14525 MIRASOL MANOR CT
Tampa, FL 33626
Tampa International Airport Area
Single Family Residential
3 beds2 baths1,794 sq.ft.
CAP RATE
Trad. 0.58%Airbnb 2.13%
Investment Properties for Sale
Open 2 PM to 4 PM
$525,000
MLS T3197781
432 BLANCA AVENUE
Tampa, FL 33606
Davis Island
Single Family Residential
2 beds2 baths1,596 sq.ft.
CAP RATE
Trad. -0.26%Airbnb 0.33%
Investment Properties for Sale
Open 12 PM to 3 PM
$215,000
MLS T3210089
9837 MEADOW FIELD CIRCLE
Tampa, FL 33626
Tampa International Airport Area
Condo/Coop
2 beds2 baths1,424 sq.ft.
CAP RATE
Trad. 1.00%Airbnb 3.95%
Investment Properties for Sale
Open 1 PM to 3 PM
$165,900
MLS T3209659
16113 RAMBLING VINE DR W
Tampa, FL 33624
Forest Hills
Townhouse
2 beds3 baths1,216 sq.ft.
CAP RATE
Trad. 2.05%Airbnb 2.29%
Best Tampa Neighborhoods for Buying Investment Property
69%
Mashmeter
property price
$547,950
Median
cap rate
4.34%
Traditional
5.68%
Airbnb
rental income
$1,984
Traditional
$2,592
Airbnb
homes for sale
6
occupancy rate
49%
Airbnb
65%
Mashmeter
property price
$432,498
Median
cap rate
5.29%
Traditional
6.23%
Airbnb
rental income
$1,908
Traditional
$2,245
Airbnb
homes for sale
7
occupancy rate
48%
Airbnb
68%
Mashmeter
property price
$217,500
Median
cap rate
6.43%
Traditional
10.09%
Airbnb
rental income
$1,165
Traditional
$1,829
Airbnb
homes for sale
9
occupancy rate
51%
Airbnb
77%
Mashmeter
property price
$207,450
Median
cap rate
8.85%
Traditional
12.76%
Airbnb
rental income
$1,530
Traditional
$2,206
Airbnb
homes for sale
1
occupancy rate
52%
Airbnb
68%
Mashmeter
property price
$349,450
Median
cap rate
4.82%
Traditional
6.47%
Airbnb
rental income
$1,404
Traditional
$1,885
Airbnb
homes for sale
6
occupancy rate
50%
Airbnb