What Is The Average Home Price In Tampa FL?

The average home price in Tampa FL is about $420,000. That includes condos, townhomes and traditional single family houses. Keep in mind that many Florida communities has either a Condo Association or Home Owner's Association which increases you monthly costs. More so with lower priced condos.

Tampa FL

Tampa Housing Market-Tampa Real Estate Market

The Tampa housing market forecast is fairly good. Why? Well the Tampa housing market is very large especially if considering Tampa Bay. If not then please consider the fact that the city of Tampa is actually very large and goes not only northward but also to the northeast and includes New Tampa.

Tampa Housing Market Trends-Median Household Income

Normally or rather in many cities you can look at the median home price and it will correlate with the median household income. That is not always the case. In Tampa there is an outflow of those who cannot afford to live in the city. People from all over America and The globe are moving to Tampa FL and even Polk County to the east. That affects the housing market and even the local rental market.

Tampa Housing Supply-Hot Housing Market

Yes the Tampa housing supply is very limited in the more popular neighborhoods. Some older homes sell for way more than they should and then they are replaced with new homes. Scarcity of homes in Tampa has created a hot housing market but not everywhere just yet. Still nearly 800 homes will sell at a decent median sale price each month. Many are to real estate investors in the Tampa Metropolitan Area.