Tampa appreciation rates and housing market information

Tampa housing market information

With 303,512 people, 135,728 houses or apartments, and a median cost of homes of $171,157, Tampa real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Tampa, accounting for 57.51% of the city's housing units. Other types of housing that are prevalent in Tampa include large apartment complexes or high rise apartments (28.01%), duplexes, homes converted to apartments, or other small apartment buildings (8.96%), row houses and other attached homes (3.29%), and a few mobile homes or trailers (2.16%).

People in Tampa primarily live in small (one, two, or no bedroom) single-family detached homes. Tampa has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tampa's housing was primarily built during this period, from the '40s through the '60s. A full 45.37% of the city's housing hails from this era. Other housing ages represented in Tampa include homes built between 1970-1994 (35.57%), and housing constructed from 1939 and earlier (10.81%). There's also some housing in Tampa built between 1995 and later (8.25%).

Tampa home appreciation rates

Appreciation rates for homes in Tampa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.15%, which ranks in the top 20% nationwide. This equates to an annual average Tampa house appreciation rate of 9.91%.

Over the last year, Tampa appreciation rates have trailed the rest of the nation. In the last twelve months, Tampa's appreciation rate has been -13.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tampa were at 2.48%, which equates to an annual appreciation rate of 9.92%.

Importantly, this makes Tampa one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Tampa's latest annual appreciation rate is higher than 46% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tampa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tampa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Tampa real estate investment or home purchase decisions.