Tampa today
What this means
Tampa prices barely moved in the past year (+0.4%), now 5.7% below the May 2024 peak.
A specific house can rent above or below these figures, so pull rental comps for the address. Sources and method: how these figures are built.
Go deeper: Dane's detailed guides for this area: Buying a Home in Tampa.
Quick facts
| Tampa | vs Hillsborough County | vs Florida | |
|---|---|---|---|
| Population | 413,554 (2025 estimate) | ||
| Growth since 2020 | 7.3% | -0.5 pts | -1.6 pts |
| Median home value | $420,400 | 13% higher | 17% higher |
| Median gross rent | $1,701 | 2% higher | 2% higher |
| Median household income | $75,475 | 5% lower | 1% higher |
| Owner occupied homes | 50.3% | -11.2 pts | -17.3 pts |
| Residents 65 and older | 13.7% | -1.3 pts | -7.6 pts |
| Average commute (minutes) | 25 | 14% lower | 11% lower |
| Homes built 2010 or later | 18% | -0.6 pts | +3.8 pts |
| Median property tax paid | $3,264 | 8% higher | 20% higher |
Census survey figures are 2020 to 2024 averages; methods.
Living in Tampa
Hillsborough County seat on the north shore of Tampa Bay, founded as Fort Brooke in 1824 and grown on rail, phosphate and cigars.
Tampa is a city with its own government, located in Hillsborough County.
Known for: Ybor City; Busch Gardens Tampa Bay; MacDill Air Force Base; Gasparilla
How it has grown: Port Tampa Bay and the railroads drove growth from the 1880s on.
Against the Hillsborough County averages, fewer homes are owner occupied (50.3% vs 61.5%); more of the housing is in apartment and condo buildings (34.1% vs 23%); households are smaller (2.31 vs 2.56 people) and commutes are shorter (25 vs 29 minutes).
Closest matches on price and rent: Princeton ($426,900, $1,647), Hollywood ($410,600, $1,653), West Palm Beach ($414,200, $1,772).
Growth and housing
Tampa changed 7.3% in population from 2020 to 2025 (county 7.8%, Florida 8.9%).
| 2025 building permits | Tampa |
|---|---|
| Single family | 948 |
| 5 or more units | 1,856 |
| Total units | 2,818 |
| Per 1,000 residents | 6.8 |
Half the homes are older than 1985. The housing mix is 50.3% detached houses and 34.1% larger buildings. Average household size is 2.31.
4.8% of residents moved in from another state in the past year (county 3.2%).
Risks to price in
| Risk item | Detail |
|---|---|
| County average homeowners insurance with wind | $3,525 a year |
| Coastal county | check flood zone and elevation per address |
Older homes (44.5% built before 1980) draw insurer questions about roofs and wiring. Inspections
Large buildings hold 21.4% of homes here; read the reserve study before buying a condo. Condo financing
Flood, storms and jobs
Tampa has its own flood program rating: CRS class 5, which takes 25% off federal flood premiums in high risk zones. Insured homes in the city filed 6,366 flood claims since 2000, with $565,902,586 paid. The Hillsborough County guide covers storms, flood claims and employers; 12.7% of county homes are in high risk flood zones.
Buying a home in Tampa
| 2026 loan limits (county) | Amount |
|---|---|
| FHA, one unit | $541,287 |
| Conforming, one unit | $832,750 |
| Median home value here | $420,400 |
Homes cost 5.6 times median household income here (Hillsborough County 4.7, Florida 4.8).
- Conventional: the default for buyers with solid credit and 5% or more down.
- FHA: works for the typical $420,400 home here.
Investing in Tampa
Long term rentals
| Tampa | vs Hillsborough County | |
|---|---|---|
| Renter occupied homes | 49.7% | +11.2 pts |
| Rental vacancy | 5.8% | -0.6 pts |
| Rent as share of renter income | 33.5% | -0.4 pts |
Short term rentals
Seasonal and vacation homes: 1.9% of the stock, against 1.6% countywide.
| Short term rental taxes | Rate |
|---|---|
| County tourist development tax | 6% |
| State sales tax | 6% plus any county surtax |
Nightly rentals depend on local zoning and the HOA; check both. State rules
Property types
| Housing stock | Share |
|---|---|
| Single family detached | 50.3% |
| Buildings with 5+ units | 34.1% |
| Manufactured homes | 1.2% |
Nearby
Other Florida markets
Sources
- U.S. Census Bureau, American Community Survey 2020 to 2024 5 year estimates. 2020 to 2024.
- U.S. Census Bureau, Population Estimates, Vintage 2025. July 1, 2025.
- U.S. Census Bureau, Building Permits Survey, 2025 annual. 2025.
- FFIEC HMDA Data Browser, originated loans. 2025 and 2024.
- LendingTree: 2026 FHA loan limits in Florida by county (HUD figures). 2026.
- Florida Realtors: FHFA sets 2026 conforming loan limits. 2026.
- Florida Office of Economic and Demographic Research: 2026 local option tourist tax rates. 2026.
- Florida Office of Insurance Regulation, July 2026 Insurance Stability Unit report (average homeowners premium with wind, as of March 31, 2026). March 31, 2026.
- Freddie Mac Primary Mortgage Market Survey. week of October 22, 2026.
- Wikipedia: List of counties in Florida. checked October 2026.
- U.S. Census Bureau county adjacency file. 2024.
- Wikipedia county article and statewide lists (colleges, teams, airports); Florida Defense Support Task Force installation map. checked October 2026.
- Wikipedia article for this place (history, setting, roads). checked October 2026.
- Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted. September 2026.
- Federal Housing Finance Agency House Price Index (county annual, metro and state quarterly, all transactions). through Q2 2026.
- U.S. Census Bureau, Building Permits Survey, January to September 2026 and 2025. September 2026.
- FEMA OpenFEMA, NFIP Residential Penetration Rates. as of August 2026.
- FEMA OpenFEMA, FIMA NFIP Redacted Claims (2000 to 2026). as of September 2026.
- FEMA OpenFEMA, NFIP Community Status Book (Community Rating System class). August 2026.
- FEMA OpenFEMA, Disaster Declarations Summaries (2000 to 2026). October 2026.
- U.S. Census Bureau, County Business Patterns 2023. 2023.
- U.S. Census Bureau, ACS 2020 to 2024, median gross rent by bedrooms (B25031). 2020 to 2024.
- Hurricane landfalls: Wikipedia, List of Florida hurricanes (2000 to present). checked October 2026.
Estimates from public data; they change over time. General information, not investment, tax or legal advice, and not a loan offer. Methods and assumptions.