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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
1,420
Airbnb Properties
876
Rental Properties
3,275
Traditional Vacancy rate
9.00%
Airbnb Occupancy Rate
55.77%
Mashmeter
67.52%
Median Price
$374,789
Median Rent Price
$1,630
Price/sqft
$188
Median Days on Market
77
Price to Rent Ratio
18.2
Average Cap Rate
Airbnb
4.31%
Traditional
1.76%
Average Rental Income
Airbnb
$2,788
Traditional
$1,714
 
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$1,496$1,547$1,942$2,537$4,057
Traditional$933$945$1,224$1,795$2,029
Tampa, FL - Homes for Sale - Newly Listed
$144,000
MLS
13691 Orange Sunset Dr #201
Tampa, FL 33618
Forest Hills
Condo/Coop
2 beds1 baths924 sq.ft.
CAP RATE
Trad. 3.63%Airbnb 3.49%
$127,746
MLS
4613 Pompano Dr
Tampa, FL 33617
Temple Crest
Single Family Residential
2 beds2 baths1,091 sq.ft.
CAP RATE
Trad. 1.86%Airbnb 3.65%
$339,000
MLS O5800180
16018 BELLA WOODS DR
Tampa, FL 33647
Tampa Palms
Single Family Residential
4 beds4 baths2,585 sq.ft.
CAP RATE
Trad. 1.77%Airbnb 0.01%
$349,900
MLS O5800668
11807 NICKLAUS CIRCLE
Tampa, FL 33624
Forest Hills
Single Family Residential
4 beds3 baths2,262 sq.ft.
CAP RATE
Trad. 1.27%Airbnb 5.26%
Top Performing Tampa Properties
$399,000
MLS T3186875
11517 WHISPERING HOLLOW DRIVE
Tampa, FL 33635
Tampa International Airport Area
Single Family Residential
4 beds3 baths2,282 sq.ft.
CAP RATE
Trad. 3.18%Airbnb 8.00%
$149,900
MLS T3172601
1118 E LINEBAUGH AVENUE
Tampa, FL 33612
North Tampa
Single Family Residential
3 beds1 baths1,127 sq.ft.
CAP RATE
Trad. 2.37%Airbnb 7.99%
$555,000
MLS U8030838
4010 W ARCH STREET
Tampa, FL 33607
Bon Air North
Single Family Residential
4 beds3 baths2,560 sq.ft.
CAP RATE
Trad. 1.37%Airbnb 7.94%
$199,900
MLS V4908606
2421 E CAYUGA STREET
Tampa, FL 33610
East Tampa
Single Family Residential
4 beds1 baths1,812 sq.ft.
CAP RATE
Trad. 0.74%Airbnb 7.90%
Recently Sold Homes in Tampa, FL
$295,000
MLS T3188636
105 S GRADY AVENUE
Tampa, FL 33609
Swann Estates
Multi Family
0 beds0 baths900 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$249,900
MLS W7814455
8206 N ELMER STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,715 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$68,500
MLS T3188038
13828 ORANGE SUNSET DRIVE #102
Tampa, FL 33618
Forest Hills
Condo/Coop
0 beds1 baths497 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$270,000
MLS T3181640
2707 W CHERRY STREET
Tampa, FL 33607
Northeast Macfarlane
Single Family Residential
3 beds2 baths1,562 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
$165,000
MLS T3187053
3503 N 12TH STREET
Tampa, FL 33605
Ybor City
Multi Family
0 beds0 baths1,200 sq.ft.
CAP RATE
Trad. 4.06%Airbnb N/A
$184,000
MLS T3185144
8120 N MARKS STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,416 sq.ft.
CAP RATE
Trad. 2.86%Airbnb N/A
$147,000
MLS U8048865
8304 N 13TH STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,484 sq.ft.
CAP RATE
Trad. 2.81%Airbnb N/A
$200,000
MLS T3184073
718 E WOOD STREET
Tampa, FL 33604
Sulphur Springs
Multi Family
0 beds0 baths1,213 sq.ft.
CAP RATE
Trad. 2.62%Airbnb N/A
Homes Below Median Price in the Tampa, FL Real Estate Market
$399,000
MLS T3186875
11517 WHISPERING HOLLOW DRIVE
Tampa, FL 33635
Tampa International Airport Area
Single Family Residential
4 beds3 baths2,282 sq.ft.
CAP RATE
Trad. 3.18%Airbnb 8.00%
$149,900
MLS T3172601
1118 E LINEBAUGH AVENUE
Tampa, FL 33612
North Tampa
Single Family Residential
3 beds1 baths1,127 sq.ft.
CAP RATE
Trad. 2.37%Airbnb 7.99%
$555,000
MLS U8030838
4010 W ARCH STREET
Tampa, FL 33607
Bon Air North
Single Family Residential
4 beds3 baths2,560 sq.ft.
CAP RATE
Trad. 1.37%Airbnb 7.94%
$199,900
MLS V4908606
2421 E CAYUGA STREET
Tampa, FL 33610
East Tampa
Single Family Residential
4 beds1 baths1,812 sq.ft.
CAP RATE
Trad. 0.74%Airbnb 7.90%
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
$105 per night
Entire home/apt · 1 bed
Tiny House in Historic Ybor City
450
$87 per night
Entire home/apt · 3 beds
2 story cottage in Seminole Heights
450
$33 per night
Entire home/apt · 1 bed
Tampa Bungalow in the Heights
375
$78 per night
Tampa, FL Homes for Rent
$1,025
MLS T3188561
$1,900
MLS T3188367
3330 LAS CAMPOS PLACE
Tampa, FL
Fairoaks
Townhouse
2 beds2 baths1,387 sq.ft.
$850
MLS T3188587
8015 N KLONDYKE STREET
Tampa, FL
Sulphur Springs
Multi Family
2 beds1 baths1,541 sq.ft.
$4,000
MLS T3188517
4018 W CORONA STREET
Tampa, FL
Virginia Park
Single Family
3 beds2 baths1,560 sq.ft.
Tampa, FL Open Houses
Open 12 PM to 3 PM
$289,900
MLS T3187547
14633 MIRABELLE VISTA CIRCLE
Tampa, FL 33626
Tampa International Airport Area
Townhouse
3 beds3 baths1,792 sq.ft.
CAP RATE
Trad. 1.67%Airbnb 3.27%
Open 5 PM to 7 PM
$204,900
MLS T3187984
1217 E CAYUGA STREET
Tampa, FL 33603
East Tampa
Single Family Residential
2 beds2 baths908 sq.ft.
CAP RATE
Trad. 0.70%Airbnb 1.96%
Open 1:30 PM to 3:30 PM
$499,900
MLS T3187793
3105 W FIELDER STREET
Tampa, FL 33611
Bayshore Beautiful
Single Family Residential
3 beds2 baths1,781 sq.ft.
CAP RATE
Trad. 1.79%Airbnb 1.42%
Open 10 AM to 1 PM
$654,700
MLS T3185799
4611 BAY CREST DRIVE
Tampa, FL 33615
Tampa International Airport Area
Single Family Residential
3 beds2 baths2,081 sq.ft.
CAP RATE
Trad. 0.18%Airbnb 0.89%
Best Tampa Neighborhoods for Buying Investment Property
67%
Mashmeter
property price
$191,250
Median
cap rate
6.57%
Traditional
13.59%
Airbnb
rental income
$1,047
Traditional
$2,165
Airbnb
homes for sale
20
occupancy rate
57%
Airbnb
70%
Mashmeter
property price
$717,500
Median
cap rate
3.33%
Traditional
4.37%
Airbnb
rental income
$1,989
Traditional
$2,612
Airbnb
homes for sale
14
occupancy rate
58%
Airbnb
68%
Mashmeter
property price
$384,000
Median
cap rate
6.28%
Traditional
8.13%
Airbnb
rental income
$2,011
Traditional
$2,601
Airbnb
homes for sale
8
occupancy rate
57%
Airbnb
68%
Mashmeter
property price
$224,500
Median
cap rate
8.06%
Traditional
12.36%
Airbnb
rental income
$1,507
Traditional
$2,312
Airbnb
homes for sale
2
occupancy rate
57%
Airbnb
70%
Mashmeter
property price
$424,500
Median
cap rate
5.00%
Traditional
8.17%
Airbnb
rental income
$1,770
Traditional
$2,891
Airbnb
homes for sale
24
occupancy rate
58%
Airbnb
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