Tampa Trends & Statistics 2018-2019

In this section, you’ll learn about the top factors that make Tampa one of the strongest real estate markets today, including: job growth, population growth, and affordability. Explore Tampa’s housing market, population, and employment trends in the tabs to learn more.

Data Sources:

• https://www.zillow.com/tampa-st-petersburg-clearwater-metro-fl_r395148/home-values/
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/florida/tampa/
• Real Wealth Network Affiliate Data

Property values in Tampa are much more affordable than many other cities across the nation today.

• As of January 2018, the median price of 3 bedroom single family homes in the Tampa metro area was $193,000. This is 5% lower than the national average of $202,000.
• In the neighborhoods where RWN members invest, the median price of 3 bedroom homes in Tampa was $120,000 in January 2018. This is 32% lower than the national average of $202,000.
• This shows us that property values in Tampa are much more affordable than many other cities across the nation today, especially in the areas where RWN members invest.

Investors have a good opportunity to make recurring monthly cash flow in Tampa

• In January 2018, the median monthly rent 3 bedroom homes in Tampa was $1,400, which is 0.73% of the purchase price of $193,000. This is 3% above the national purchase-to-rent ratio of 0.71%.
• In the neighborhoods where RWN members invest, the median monthly rent 3 bedroom homes was $1,075, which is 0.89% of the $120,000 purchase price.
• This shows us that the Tampa metro area offers investors the opportunity to make recurring monthly cash flow, especially in the neighborhoods where RWN members invest.

Tampa home values are appreciating at a faster rate than other cities across the nation.

• In January 2012, the median price of 3 bedroom homes in Tampa was $91,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Tampa have appreciated by 66%. During the same period, 3 bedroom homes increased by 41% nationwide.
• This shows us that home values in Tampa are appreciating faster than other cities across the nation. Plus, Tampa’s rapid population and job growth (see Population Trends tab) make it likely that demand for housing will continue to rise, which should continue to drive home values up.

Tampa rents are appreciating at a slightly slower rate than other cities across the nation.

• In January 2012, the median rent for 3 bedroom homes in Tampa was $1,70. This means that, in the last 6 years (Jan 2012 to Jan 2018), Tampa rents have appreciated by 16%. During the same period, 3 bedroom homes increased by 17% nationwide.
• This shows us that rents in Tampa are rising at a slightly slower rate than other cities across the nation. However, as mentioned above, if the population and job growth trends continue in Tampa, we can expect the demand for housing to increase, driving up rents in addition to home values.

Tampa’s population is growing at a significantly faster rate than most other U.S. cities today

• Since 2010, Houston’s
• Since 2010, Tampa’s population has increased by just under 11%. This is 105% faster than the national average during this period.
• This shows us, Tampa’s population is growing at a faster rate than most other U.S. cities today.

Tampa created more jobs in 2018 than many other U.S. cities.

• In the past year the number of jobs in Tampa has grown by more than 2%. This is 18% faster than the 1.73% national average.
• This shows us that Tampa has created more jobs in the last year than many other U.S. metros.

Tampa is Creating Jobs

• In the past year the number of jobs in Tampa has grown by more than 2%. This is 18% faster than the 1.73% national average.
• This shows us that Tampa has created more jobs in the last year than many other U.S. metros.

Tampa’s Population is Growing Rapidly

• Since 2010 Tampa’s population has increased by just under 11%. This is 105% faster than the national average during this period.
• This shows us that Tampa’s population is growing at a faster rate than most other U.S. cities today.

Tampa is Affordable

• As of January 2018, the median price of 3 bedroom single family homes in the Tampa metro area was $193,000. This is 5% lower than the national average of $202,000.
• In the neighborhoods where RWN members invest, the median price of 3 bedroom homes in Tampa was $120,000 in January 2018. This is 32% lower than the national average of $202,000.
• This shows us that property values in Tampa are much more affordable than many other cities across the nation today, especially in the areas where RWN members invest.

Tampa Home Values & Rents are Rising Steadily

• In January 2012 median price of 3 bedroom homes in Tampa was $91,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Tampa have appreciated by 66%. During the same period, 3 bedroom homes increased by 41% nationwide.
• In January 2012, the median rent for 3 bedroom homes in Tampa was $1,70. This means that, in the last 6 years (Jan 2012 to Jan 2018), Tampa rents have appreciated by 16%. During the same period, 3 bedroom homes increased by 17% nationwide.
• This shows us that home values are appreciating at a faster rate and rents are appreciating at a slightly slower rate than other cities across the nation. However, Tampa’s rapid population and job growth make it likely that demand for housing will continue to rise. And if demand continues to increase, property values and rents will almost assuredly follow.