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These days, finding an affordable place to live in the Tampa area can be challenging. Home prices in Tampa are now at a median cost of $371,982, lower than the Florida average of $396,783.
The average cost of rent is $1,767/mo in Tampa, primarily driven by the current value of real estate in the Tampa area. In Tampa, 32.09% of households rent, and 41.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tampa is $7,178 per month. Households that rent pay about 24.62% of their income on rent here. Tampa’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Egypt Lake-Leto, FL: less expensive homes
- East Lake-Orient Park, FL: less expensive homes
- University, FL: less expensive homes
- Temple Terrace, FL: less expensive homes
- Lake Magdalene, FL: equally priced homes
- Palm River-Clair Mel, FL: less expensive homes
- Town 'n' Country, FL: equally priced homes
- Citrus Park, FL: equally priced homes
- Northdale, FL: higher priced homes
- Mango, FL: less expensive homes
Cities with Similar Populations
- Charlottesville, VA: higher priced homes
- Castle Rock, CO: higher priced homes
- Chesapeake, VA: equally priced homes
- Chattanooga, TN: less expensive homes
- Centennial, CO: higher priced homes
- Charlotte, NC: equally priced homes
- Chico, CA: higher priced homes
- Cheyenne, WY: less expensive homes
- Champaign, IL: less expensive homes
- Chicago, IL: equally priced homes
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