Tampa Housing market
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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.

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Tampa  Real Estate Investment Performance
Facts and Market Trends in Tampa
Homes For Sale
1,330
Airbnb Properties
706
Rental Properties
3,447
Traditional Vacancy rate
9.00%
Airbnb Occupancy Rate
54.74%
Mashmeter
68.01%
Median Price
$374,107
Median Rent Price
$1,628
Price/sqft
$191
Median Days on Market
79
Price to Rent Ratio
17.9
Average Cap Rate
Airbnb
3.84%
Traditional
1.83%
Average Rental Income
Airbnb
$2,713
Traditional
$1,736
 
Median Household Income
$52,212
Population
385,430
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$1,470$1,487$1,718$2,449$4,105
Traditional$1,075$950$1,216$1,810$2,088
Tampa, FL - Homes for Sale - Newly Listed
Investment Properties for Sale
$610,000
MLS T3198704
10024 BROMPTON DRIVE
Tampa, FL 33626
Tampa International Airport Area
Single Family Residential
4 beds3 baths3,055 sq.ft.
CAP RATE
Trad. 0.68%Airbnb 3.34%
Investment Properties for Sale
$139,900
MLS T3198577
4206 N 13TH STREET
Tampa, FL 33603
East Tampa
Single Family Residential
3 beds1 baths936 sq.ft.
CAP RATE
Trad. 1.88%Airbnb 5.07%
Investment Properties for Sale
$259,900
MLS T3175500
2103 W FLORA STREET
Tampa, FL 33604
Riverbend
Single Family Residential
3 beds2 baths1,106 sq.ft.
CAP RATE
Trad. 1.16%Airbnb 4.01%
Investment Properties for Sale
$269,000
MLS T3197777
406 W ALVA STREET
Tampa, FL 33603
South Seminole Heights
Single Family Residential
2 beds1 baths976 sq.ft.
CAP RATE
Trad. 1.45%Airbnb 1.54%
Top Performing Tampa Properties
Investment Properties for Sale
$165,000
MLS T3196741
3502 W MCELROY AVENUE
Tampa, FL 33611
Fairoaks
Single Family Residential
2 beds1 baths720 sq.ft.
CAP RATE
Trad. 3.24%Airbnb 8.00%
Investment Properties for Sale
$290,000
MLS T3193573
16510 LONESDALE PLACE
Tampa, FL 33624
Forest Hills
Single Family Residential
4 beds3 baths1,958 sq.ft.
CAP RATE
Trad. 2.71%Airbnb 7.95%
Investment Properties for Sale
$289,900
MLS T3194563
1508 W COUNTRY CLUB DRIVE
Tampa, FL 33612
Forest Hills
Single Family Residential
4 beds2 baths1,840 sq.ft.
CAP RATE
Trad. 2.70%Airbnb 7.95%
Investment Properties for Sale
$110,597
MLS O5811383
1503 E POWHATAN AVENUE
Tampa, FL 33610
Old Seminole Heights
Single Family Residential
2 beds1 baths552 sq.ft.
CAP RATE
Trad. 5.09%Airbnb 7.93%
Recently Sold Homes in Tampa, FL
Investment Properties for Sale
$129,674
MLS
205 POINSETIA PINE
Tampa, FL 33612
North Tampa
Condo/Coop
2 beds1 baths899 sq.ft.
CAP RATE
Trad. 2.69%Airbnb 5.62%
Investment Properties for Sale
$143,668
MLS
7527 LAKESHORE DR
Tampa, FL 33604
Temple Crest
Other
4 beds2 baths1,566 sq.ft.
CAP RATE
Trad. 3.37%Airbnb N/A
Investment Properties for Sale
$315,582
MLS
805 E EMMA ST
Tampa, FL 33603
South Seminole Heights
Single Family Residential
4 beds3 baths1,886 sq.ft.
CAP RATE
Trad. 1.77%Airbnb 4.87%
Investment Properties for Sale
$318,330
MLS
11106 ROSEATE DRIVE
Tampa, FL 33626
Tampa International Airport Area
Townhouse
4 beds2 baths2,863 sq.ft.
CAP RATE
Trad. 4.14%Airbnb 9.25%
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
$160,000
MLS T3187053
3503 N 12TH STREET
Tampa, FL 33605
Ybor City
Multi Family
0 beds0 baths1,200 sq.ft.
CAP RATE
Trad. 4.22%Airbnb N/A
Investment Properties for Sale
$139,900
MLS T3194906
8713 N MANDARINE PLACE
Tampa, FL 33617
Temple Crest
Multi Family
0 beds0 baths1,576 sq.ft.
CAP RATE
Trad. 3.23%Airbnb N/A
Investment Properties for Sale
$235,000
MLS T3189312
1210 HOLMES AVENUE
Tampa, FL 33605
Ybor City
Multi Family
0 beds0 baths1,992 sq.ft.
CAP RATE
Trad. 3.18%Airbnb N/A
Investment Properties for Sale
$145,900
MLS T3198211
8304 N 13TH STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,484 sq.ft.
CAP RATE
Trad. 2.84%Airbnb N/A
Homes Below Median Price in the Tampa, FL Real Estate Market
Investment Properties for Sale
$165,000
MLS T3196741
3502 W MCELROY AVENUE
Tampa, FL 33611
Fairoaks
Single Family Residential
2 beds1 baths720 sq.ft.
CAP RATE
Trad. 3.24%Airbnb 8.00%
Investment Properties for Sale
$290,000
MLS T3193573
16510 LONESDALE PLACE
Tampa, FL 33624
Forest Hills
Single Family Residential
4 beds3 baths1,958 sq.ft.
CAP RATE
Trad. 2.71%Airbnb 7.95%
Investment Properties for Sale
$289,900
MLS T3194563
1508 W COUNTRY CLUB DRIVE
Tampa, FL 33612
Forest Hills
Single Family Residential
4 beds2 baths1,840 sq.ft.
CAP RATE
Trad. 2.70%Airbnb 7.95%
Investment Properties for Sale
$110,597
MLS O5811383
1503 E POWHATAN AVENUE
Tampa, FL 33610
Old Seminole Heights
Single Family Residential
2 beds1 baths552 sq.ft.
CAP RATE
Trad. 5.09%Airbnb 7.93%
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
472
Tampa Airbnb
$87 per night
Entire home/apt · 3 beds
2 story cottage in Seminole Heights
466
Tampa Airbnb
$34 per night
Entire home/apt · 1 bed
Tampa Bungalow in the Heights
387
Tampa Airbnb
$78 per night
Tampa, FL Homes for Rent
Investment Properties for Sale
$1,295
MLS T3198871
313 E AMELIA AVENUE
Tampa, FL
Tampa Heights
Single Family
2 beds1 baths906 sq.ft.
Investment Properties for Sale
$1,875
MLS T3198750
4212 MILL VALLEY COURT
Tampa, FL
Forest Hills
Townhouse
2 beds3 baths1,915 sq.ft.
Investment Properties for Sale
$1,400
MLS T3198543
8501 TWIN LAKES BOULEVARD
Tampa, FL
Lowry Park Central
Single Family
2 beds1 baths1,458 sq.ft.
Investment Properties for Sale
$1,500
MLS T3198696
107 E WARREN AVENUE #B
Tampa, FL
Tampa Heights
Single Family
1 beds1 baths672 sq.ft.
Tampa, FL Open Houses
Investment Properties for Sale
Open 12 PM to 3 PM
$234,900
MLS T3192918
7415 ARLINGTON GROVE CIRCLE
Tampa, FL 33625
Forest Hills
Townhouse
3 beds3 baths1,856 sq.ft.
CAP RATE
Trad. 1.29%Airbnb 1.56%
Investment Properties for Sale
Open 1 PM to 3 PM
$614,900
MLS T3198257
11701 GOTHIC LANE
Tampa, FL 33626
Tampa International Airport Area
Single Family Residential
4 beds3 baths3,369 sq.ft.
CAP RATE
Trad. 0.88%Airbnb 3.53%
Investment Properties for Sale
Open 1 PM to 3 PM
$179,900
MLS T3195478
7815 BALLY MONEY ROAD
Tampa, FL 33610
Grant Park
Townhouse
3 beds3 baths1,822 sq.ft.
CAP RATE
Trad. 0.34%Airbnb 5.60%
Investment Properties for Sale
Open 10 AM to 3 PM
$140,000
MLS T3197919
3715 CHAMPAGNE DRIVE #217
Tampa, FL 33618
Forest Hills
Condo/Coop
2 beds2 baths1,110 sq.ft.
CAP RATE
Trad. 2.01%Airbnb 0.92%
Best Tampa Neighborhoods for Buying Investment Property
69%
Mashmeter
property price
$325,000
Median
cap rate
7.40%
Traditional
9.96%
Airbnb
rental income
$2,003
Traditional
$2,697
Airbnb
homes for sale
5
occupancy rate
53%
Airbnb
68%
Mashmeter
property price
$227,450
Median
cap rate
5.58%
Traditional
10.22%
Airbnb
rental income
$1,058
Traditional
$1,937
Airbnb
homes for sale
20
occupancy rate
53%
Airbnb
76%
Mashmeter
property price
$199,999
Median
cap rate
9.32%
Traditional
14.90%
Airbnb
rental income
$1,553
Traditional
$2,483
Airbnb
homes for sale
1
occupancy rate
55%
Airbnb
68%
Mashmeter
property price
$163,900
Median
cap rate
9.82%
Traditional
16.66%
Airbnb
rental income
$1,341
Traditional
$2,276
Airbnb
homes for sale
11
occupancy rate
52%
Airbnb
67%
Mashmeter
property price
$389,900
Median
cap rate
8.32%
Traditional
9.32%
Airbnb
rental income
$2,702
Traditional
$3,028
Airbnb
homes for sale
15
occupancy rate
53%
Airbnb
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