• July 16, 2018

Tampa Real Estate Market Ranked One of the Best

tampa real estate market

Tampa Real Estate Market Ranked One of the Best

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tampa real estate market

The Tampa real estate market continues to grow and is ranked one of the best in the nation.

Tampa was ranked as one of the top markets for real estate investment by CNN money.  Most of the top ten were comprised of cities in Florida.  No state income tax, low-interest rates and sunshine are drawing in investors.

Daytona Beach moved into second while Fort Myers took fifth. Orlando ranked fourth, Ft. Lauderdale number eight and Tampa at number nine. The other five cities in the top ten rankings were Las Vegas (No.1), Detroit (No.3), Warren, Mich. (No.4), Bakersfield, Calif., (No.7) and Rochester, N.Y. (No. 8).

Trends in Tampa show a 7% year-over-year rise in median sales price and a 2% rise in median rent per month.

From Wikipedia, Census data showed an average annual growth of 2.47 percent or a gain of approximately 97,000 residents per year. Between 2000 and 2006, the Greater Tampa Bay Market experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million population mark on April 1, 2007.[15] A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people and a 2017 projection of 4,536,854 people.[16]

Tampa was ranked as the 5th best outdoor city by Forbes in 2008.[17] Tampa also ranks as the fifth most popular American city, based on where people want to live, according to a 2009 Pew Research Center study.[18] A 2004 survey by the NYU newspaperWashington Square News ranked Tampa as a top city for “twenty-somethings.”[19] Tampa is ranked as a “Gamma+” world city byLoughborough University, ranked alongside other world cities such as Phoenix, Charlotte, Rotterdam, and Santo Domingo.[20]

Tampa’s climate shows characteristics of a tropical climate but is situated on the southern fringe of the humid subtropical climate (Köppen Cfa/Cwa) zone. Tampa’s climate generally features hot summer days with frequent thunderstorms in the summer (rain is less frequent in the fall and winter), and a threat of a light winter freeze from November 15 through March 5 caused by occasional cold fronts from the north. Average highs range from 70 to 90 °F (21 to 32 °C) year round, and lows 52 to 76 °F (11 to 24 °C).[56]Tampa’s official recorded high has never hit 100 °F (37.8 °C) – the all-time record high temperature is 99 °F (37 °C), recorded on June 5, 1985[56] The highest temperature recorded at Tampa International Airport for the Summer of 2015 was 97 degrees Fahrenheit (36 degrees Celsius), which took place on July 11.[57]

Because of Tampa Bay, Tampa is split between two USDA climate zones. According to the 2012 USDA Plant Hardiness Zone Map, Tampa is listed as USDA zone 9b north of Kennedy Boulevard away from the bay and 10a south of Kennedy Boulevard and along the bay, Zone 10a is about the northern limit of where coconut palms and royal palms can be grown, although some specimens do grow in northern Tampa. Southern Tampa has much more tropical foliage than the northern parts of the city.

Summer

Temperatures are warm to hot from around mid-May through mid-October, which roughly coincides with the rainy season. Summertime weather is very consistent from June through September, with daytime highs near 90 °F (32 °C), lows in the mid-70s °F (23–24 °C), and high humidity.

Afternoon thunderstorms, usually generated by the interaction of the Gulf and Atlantic sea breezes, are such a regular occurrence during the summer that the Tampa Bay area is recognized as the “Lightning Capital of North America”. Every year,

For Expert property management in Wesley chapel and Tampa, Florida, contact Relevé Real Estate and Property Management

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