• Market Overview

Metro population:

3.1 M

Median Home Income:

$ 65,000

Unemployment rate:

3.4%

Median House Price:

$ 120,000

Median monthly rent:

$ 1,075

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 four million people. Major cities in this area include St. Petersburg, Largo, Clearwater, New Port Richey, Holiday, and Tampa. Tampa's local economy is worth about $ 130 billion and the metro area has been ranked as one of the top 20 fastest growing in the country.

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 trillions of dollars of residential, commercial, and infrastructure investments underway, it is one of the engines of the Florida economy. In 2016 alone, the Metro Tampa Area added 40,000 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).

Why invest here?

A strong local economy, rapid population growth, and a focus on job creation (especially in STEM, financial services, and healthcare industries) are just a few of the many factors that make Tampa a strong market for buying and holding real estate investments today. This is especially true for investors who are looking to invest in a rapidly growing real estate market while prices are still low, as well as generating strong monthly cash flow and having a good chance of appreciation.

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:

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 of 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 of 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 housing demand 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 US 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 US cities today.

Tampa created more jobs in 2018 than many other US 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 US 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 US 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 US 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, the median price of 2012 bedroom homes in Tampa was $ 3. This means that in the last 91,000 years (Jan 6 to Jan 2012), 2018 bedroom homes in Tampa have appreciated by 3%. During the same period, 66 bedroom homes increased by 3% 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.
  • Major Employers
  • 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
  • Learning Resources
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  • Property Teams

Best known for its annual balloon fiesta and as part of the AMC show Breaking Bad, Albuquerque, New Mexico, is a culturally rich and naturally beautiful metropolitan area. Albuquerque is also one of the largest cities in the Southwest, with a diverse population and some of the country's leading high-tech research establishments, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an essential part of daily life in the city. With one foot in the past, one foot in the present and both eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call it home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)

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Lior Lustig

Lior Lustig Chief Executive - The Realestate Investor Forum

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.

The Real Estate Investor Forum, LLC is an educational company and is not acting as a real estate broker. Always seek the services of licensed third party appraisers and inspectors to verify the value and condition of any property you intend to purchase. Never send funds directly to a seller but instead use the services of professional title and escrow companies.

 

 

Check in with The Real Estate Investor Forum before purchasing property to verify that affiliates and markets have not changed in quality or performance. The Real Estate Investor Forum does not provide legal, tax, accounting, or other professional advice. Nothing on this website email is intended to form a contract or binding legal commitment. ©2019 ForumRealEstateUSA.com - All rights reserved

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