Hottest Tampa Real Estate Market Insight
If you’re keen to invest in your future in the Tampa real estate and buy before prices become out of reach, you must peruse till the end. Tampa is gaining popularity owing to its hot housing market where a number of investors have been putting in their stakes. If you are a home buyer or real estate investor, Tampa has a track record of being one of the best long term real estate investments in the US through the last ten years. The Tampa real estate market is growing steadily, prices are still low and properties have a good chance for appreciation in the coming years. 2017 was an important year for the real estate in Tampa FL as it experienced an 11.1% increase in the housing mostly owing to the growth in employment opportunities.
The average price of residential properties in Tampa is around $136,000. However, investors can also find properties for as low as $90,000. On the other hand, the average monthly rent is around $995. With a population of more than 4 million, Tampa, FL is not only an attractive metropolitan area but is also one of the most frequently visited tourist destinations. There are a number of economic and development prospects attached to this market and Tampa, FL was described as one of the hottest real estate markets in the US in 2018. Let’s take a close look at the Tampa real estate market trends and forecasts for 2019 & 2020 and find out why to invest in this hot market in the state of Florida.
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