2020 Housing Market Overview

Tampa Real Estate Market 2020

PLEASE NOTE: The information on this page was gathered before the Coronavirus impact. Things are changing on an hourly basis, and we are working to update our data and keep it current. In the meantime, please do not rely on the information on this page to be current.

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Tampa Real Estate Market Overview

Metro population:
3.1 M
Median household income:
$65,196
Unemployment rate:
3.4%
Median home price*:
$225,250
Median monthly rent*:
$1,485
Tampa Real Estate Market Trends & Statistics 2020
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Located on the west coast of Florida, Tampa Bay is a densely populated metropolitan area, second only to Miami, with a population of more than three million people. Major cities in this area include St. Petersburg, Largo, Clearwater, New Port Richey, Holiday, and Tampa. Tampa’s local economy is worth over $130 billion and the metro area is the third fasted growing city in Florida.

Tampa also has a strong local economy with a strong focus on job growth in areas such as STEM, financial services, and healthcare. The Greater Tampa Bay Area is consistently ranked among the top 20 fastest growing metro areas in the country and with billions of dollars of residential, commercial, and infrastructure investments underway, it is one of the engines of the Florida economy. In 2019 alone, the Metro Tampa Area added 34,300 new jobs to the community giving it the fastest growth in the state and one of the fastest in the country.

More than 19 firms, with annual revenues of more than $1 billion, are headquartered here and it is home to four Fortune 500 companies. Tampa has a very diverse economy with financial services, STEM, health care, research, education, tourism/retirement, and military bases all making significant contributions to jobs and growth.

In the first quarter of 2017, there were 14 venture capital deals in the Tampa-St. Petersburg-Clearwater metropolitan area; this made Tampa the 24th most active metropolitan area for venture deals in the first three months of the year, according to the PitchBook-NVCA Venture Monitor. These deals totaled $54.5 million.

Fun Fact: Though known for hot summers, Tampa’s official high has never reached 100 °F. The city’s all-time record temperature is 99 °F (37 °C).

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Major Employers in Tampa

Tampa Housing Market News

  • "#1 Best Place to Buy a Home " - Niche
  • "Ranked #2 in Best US Cities to Buy Real Estate" - Tampa Bay Times
  • "#5 Hottest Real Estate Market to Watch in 2017" - Forbes
  • "#8 in America’s Fastest Growing Cities" - Forbes
  • "#2 Best City for Young Entrepreneurs" - Forbes
  • "#2 Best City for First Time Home Buyers" - Business Insider
  • "#26 in Fastest-Growing Cities" - WalletHub

Property Teams

Property Team details can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealthNetwork.com

Sample properties

Sample properties can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealthNetwork.com.

Disclaimer: The information provided on this page is for educational purposes only. RealWealth makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall RealWealth be liable to you or anyone else for damage stemming from the use or misuse of this information.

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