Tampa, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tampa Neighborhoods Since 2000




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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Tampa Housing Market Information

With 369,075 people, 142,232 houses or apartments, and a median cost of homes of $173,250, Tampa real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Tampa, accounting for 54.37% of the city's housing units. Other types of housing that are prevalent in Tampa include large apartment complexes or high rise apartments ( 30.61%), duplexes, homes converted to apartments or other small apartment buildings ( 7.47%), and a few row houses and other attached homes ( 5.89%).

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 ( 34.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.97%). There's also some housing in Tampa built before 1939 ( 8.77%).

Vacant housing appears to be an issue in Tampa. Fully 11.95% 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

Tampa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tampa during the period has been just -1.09%, which is lower than 70% of US communities.

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 9.98%, which is higher than appreciation rates in 93.79% 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 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Tampa's latest annual appreciation rate is higher than 60% 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:
$173,250

Tampa, FL HOME PRICES

Value Range
> $1,354,000 1.8
$1,016,001 - $1,354,000 2.0
$677,001 - $1,016,000 4.7
$542,001 - $677,000 4.5
$406,001 - $542,000 7.9
$271,001 - $406,000 12.5
$135,001 - $271,000 30.4
$68,001 - $135,000 26.1
$0 - $68,000 10.1

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
40.5191609047228 57.4786324786325

Number Of Homes And Apartments:
142,232

Tampa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
87.69% 3.72% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,229 / per month

Homeownership Rate

Homeownership
Owners 47.41
Renters 52.59
Vacant 11.95

Housing Market Details

 

Age of Homes

AGE OF Tampa HOMES
2000 or Newer 22.0
1970 - 1999 35.2
1940 - 1969 34.0
1939 or Older 8.8

Types of Homes

TYPE OF Tampa HOMES
Single-Family 54.4
Townhomes 5.9
Small Apt. Buildings 7.5
Apt. Complexes 30.6
Mobile Homes 1.6
Other 0.1

Home Size

SIZE OF Tampa HOMES
No Bedroom 4.81
1 Bedroom 15.88
2 Bedrooms 31.46
3 Bedrooms 33.27
4 Bedrooms 11.71
5 or more bedrooms 2.87