What Is Tampa Median Home Price?
Whether you are a hardworking blue collar tradesman or a wealthy white collar banker, when you’re buying a house, there’s one thing on your mind: how much is it going to cost me? Whatever your budget, social status, expectations or preferences, you are still going to be looking at the price first, and other factors second.
If you’re considering buying a home in Tampa, then there’s no doubt you’re wondering about the average price of a home. Luckily for you, homes in Tampa are priced very reasonably, and whatever your budget is, chances are you’ll be able to find something for you. Let’s take a closer look!
Home prices in Tampa
The median home price in Tampa is a thoroughly average $240,000, coming in a bit above the national average home price. Although this may dampen the enthusiasm of home buyers with lower budgets, it’s worth keeping in mind the fact that Tampa is a big city. With a population of just under 400,000, home prices are far below what you’d find in other similar populous cities.
Another reason why this home price is so attractive is the state of the Tampa real estate market. Although houses are priced slightly above average, listings in Tampa have a tendency to turn over exceptionally quickly, with listings sometimes staying on the market for less than a week.
So what does this mean for you? Well, for starters, it means that buying a home in Tampa is going to net you a great investment. Houses on the Tampa real estate market don’t just hold their value; they appreciate in value! If you hang onto your house for a couple of years, it’s likely that you’ll be able to sell it for a profit!
If these home prices don’t deter you, why not contact one of the top real estate agents in Tampa FL and get a feel for the market? If you like what you find out, you might just end up moving there, and making the beautiful city of Tampa your home!
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. ...
When a real estate owner wants to know what their property tax liability is, they calculate the assessment ratio for their property. An assessment ration is a relationship between a real ...
Removing a debt by making full payment. A mortgage discharge is a document formally specifying that a mortgage debt have been paid. It is typically recorded in a local property deeds ...
An increase in the income tax basis of a property that is a result of a tax-free exchange. As a result of an inheritance, for example, the basis of the inherited property was stepped up to ...
City apartment building that is overcrowded, poorly constructed or maintained, and generally part of a slum. In law, a tenement also refers to possessions of an individual that are ...
The meaning of a development impact fee or impact fee defines a one-time cost the local government imposes on a brand new or planned development project (regularly on a property developer.) ...
Limited period of time granted by state law to an individual who has had his or her property foreclosed on and sold to regain possession of the property by repaying the debt that was ...
New cost less accumulated depreciation to date. ...
The meaning of the term tort outlines a wrongful act resulting in injury or damages. For example, trespassing on someone’s private property can end up destroying a part of it. ...
Have a question or comment?
We're here to help.