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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 $254,773, lower than the Florida average of $278,762.
The average cost of rent is $1,385/mo in Tampa, primarily driven by the current value of real estate in the Tampa area. While nearly 41.31% of residents own their homes outright in Tampa, 31.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tampa is $6,072 per month. Households that rent pay about 22.81% of their income on rent here. Tampa's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
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: higher priced homes
- Palm River-Clair Mel, FL: less expensive homes
- Town 'n' Country, FL: less expensive homes
- Citrus Park, FL: higher 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: higher priced homes
- Chattanooga, TN: less expensive homes
- Centennial, CO: higher priced homes
- Charlotte, NC: equally priced homes
- Chico, CA: higher priced homes
- Cheyenne, WY: equally priced homes
- Champaign, IL: less expensive homes
- Chicago, IL: higher priced homes
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