Tampa FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Tampa, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tampa Housing Market Information

With 392,890 people, 149,279 houses or apartments, and a median cost of homes of $228,730, 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 53.30% of the city's housing units. Other types of housing that are prevalent in Tampa include large apartment complexes or high rise apartments ( 31.51%), duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), and a few row houses and other attached homes ( 6.13%).

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.

There is a lot of housing in Tampa built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Tampa built between 1940-1969 ( 30.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.54%). There's also some housing in Tampa built before 1939 ( 8.69%).

Vacant housing appears to be an issue in Tampa. Fully 11.12% of the housing stock is classified as vacant. Left unchecked, vacant Tampa homes and apartments can be a drag on the real estate market, holding Tampa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Tampa Home Appreciation Rates

In the last 10 years, Tampa has experienced some of the highest home appreciation rates of any community in the nation. Tampa real estate appreciated 78.31% over the last ten years, which is an average annual home appreciation rate of 5.95%, putting Tampa in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tampa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Tampa that despite a nationwide downturn in the housing market, Tampa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tampa appreciation rates continue to be some of the highest in America, at 7.20%, which is higher than appreciation rates in 78.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tampa. Tampa appreciation rates in the latest quarter were at 1.05%, which equates to an annual appreciation rate of 4.29%.

Relative to Florida, our data show that Tampa's latest annual appreciation rate is higher than 70% 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 2000, to assist you in making the best Tampa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$228,730

Tampa, FL HOME PRICES

Value Range
> $1,323,000 3.0
$993,001 - $1,323,000 3.0
$662,001 - $993,000 6.4
$529,001 - $662,000 5.6
$397,001 - $529,000 9.8
$264,001 - $397,000 16.3
$133,001 - $264,000 31.0
$66,001 - $133,000 18.0
$0 - $66,000 6.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.9576642335766 50.2127659574468

Number Of Homes And Apartments:
149,279

Tampa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
149.96% 4.63%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,442 / per month

Homeownership Rate

Homeownership
Owners 46.29
Renters 53.71
Vacant 11.12

Housing Market Details

 

Age of Homes

AGE OF Tampa HOMES
2000 or Newer 24.5
1970 - 1999 36.4
1940 - 1969 30.3
1939 or Older 8.7

Types of Homes

TYPE OF Tampa HOMES
Single-Family 53.3
Townhomes 6.1
Small Apt. Buildings 7.8
Apt. Complexes 31.5
Mobile Homes 1.1
Other 0.1

Home Size

SIZE OF Tampa HOMES
No Bedroom 3.89
1 Bedroom 16.78
2 Bedrooms 30.34
3 Bedrooms 33.55
4 Bedrooms 12.33
5 or more bedrooms 3.10