ABOUT TAMPA BAY

• Tampa, Florida is one of the fastest growing metropolitan areas in the United States and offers a great quality of life. The Metropolitan statistical area includes Tampa, St. Petersburg and Clearwater, Florida. 

• Tampa is located on the west coast of Florida near the Gulf of Mexico and the county seat of Hillsborough. With a population of 399,700 (2018 US Census Bureau), it is the third most populated city in Florida with an increasing growth of about 1.3% a year (almost twice the national rate). 

• Prices of residential properties are growing at a brisk pace but remain affordable when compared to other real estate markets with a Median single-family home sale price of $236,000 compared to the the U.S. median of $266,900 (2018 Q3 NAR) 

• Tampa Bay is home to seven Fortune 500 companies; Tech Data Corp., Publix Super Markets, Jabil Inc., WellCare Health Plans, Raymond James Financial, Roper Technologies, Bloomin’ Brands 

• Tampa is recognized as one of the best cities to invest in Real Estate in 2020 with a cost of living that is about 5% lower than the national average. 

• Median Age: 36.2 years old compared to U.S. Median 38 years old (City-Data, 2016) 

• Median Household Income: $50,405 compared to U.S. Median $57,617 (City-Data, 2016) 

• Cost of living index: 96.3 compared to U.S. Average 100 (City-Data, 2016) 

• Median Sale price of Single-Family home: $125,000 compared to U.S. Average $266,900 (NAR, 2018 Q3) 

• Year-over-Year Single-Family home sale price growth: 4.9% compared to U.S. median 4.8% (NAR, 2018 Q3) 

• Median One-Bedroom Rent: $1,011 compared to U.S. Median $743 (Rentonomics, 2018) 

• Year-over-Year growth of rent: 2.5% compared to U.S. average 1.5% (Rentonomics, 2018) 

 • #75 among the Top 125 Best Places to live in the US 

(U.S. News & World Report, 2018) 

• 14th Best Big Cities to Live In 

(WalletHub, 2017) 

• 19th Best City to Start a Career 

(WalletHub, 2017) 

• #32 among the Best Places for Business and Careers 

(Forbes.com, 2018) 

• #16 Best U.S. Cities for Finding a Job (Business Insider, 2018) 

• #23 Fastest Growing Cities (Forbes, 2018) 

• #9 of the 20 Best Cities to Own Investment Properties (GOBankingRates, 2019) 

• #6 Annual Rent Growth Leaders 

(RealPage, 2018)