Real estate has become a popular avenue for people looking to diversify their income streams and potentially hedge against inflation. Whether you’re a seasoned pro or just getting started in investing, Tampa, FL,  is certainly worth considering.

Located right on the water, the city of Tampa is made up of over 400 miles of coastline curving along the top of Tampa Bay, connecting residents to the Gulf of Mexico. Proximity to the coast is one of the many features that gives the city its attractive beach lifestyle qualities. Mixed with an abundance of entertainment options, from sporting events, live music, and never ending dining choices, Florida natives and transplants alike continually move to Tampa for the lifestyle. 

But what about the Tampa real estate market in June 2024? What do stats and trends look like, especially right now? Facts and figures are constantly changing, so we’ve gathered all the most up-to-date information for you.

Here are some of the top trends in the Tampa real estate market (June 2024):

Tampa General Statistics

• Population (city proper): 408,438 (up 5.29% since 2020)

• Population (metro area): 3,290,730 

• Area (city proper): 113.6 sq. mi. 

• Area (metro area): 2,515.7 sq. mi.

• Median Age: 35.3 

• GDP (metro area): $219 Billion 

• Unemployment rate: 3.3% (county-wide; up .3% since december 2023)

• Top employers: Bloomin’ Brands, SYKES, Carrabba’s, myMatrixx, Hillsborough Schools, Atkins, Outback Steakhouse, Workers Temporary Staffing, WellCare Health Plans, CAE.

• Highest paying jobs: Physician, Radiologist, Hospital Physician, Pain Management Physician, Cardiothoracic Surgeon, Oral Surgeon, Internist, Resident Physician in Radiology, Hand Surgeon, Environmental Health Physician. 

• Median income (per capita): $49,506

• Median income (household): $71,089

Tampa Real Estate Market (June 2024) Statistics

• Neighborhoods: 190

• Homes for sale as of March 2024: 3,679 

• Median list price: $465k (up 1% since January 2024)

• Median sold price: $401K (up .9% since January 2024)

• Sale-to-list price ratio: 98.55%

• Median price per square foot: $296 

• Median days on market: 46 (down 15% since January 2024)

• Rental vacancy rate: 4.2%

• Homeowner vacancy rate: 1%

• One-year appreciation rate: +5.6%

• Average rent: $1,920 

• Price-to-rent ratio: 18.42

• Most expensive neighborhoods: