Tampa, FL Housing Market
AI-powered market intelligence for the Tampa-St. Petersburg-Clearwater, FL metro area.
PropertyIQ Scores
Tampa, FL Market Analysis
Market Overview
Tampa’s housing market reads as weak, with a PropertyIQ Score of 9 out of 100. The score is driven by weak home value momentum: 0.15 percent over 12 months and -0.33 percent over the past 3 months, plus a median days-on-market of 72 days and a 25.4 percent share of listings with a price cut. The median home value of $361,634 is $16,533 below the state average of $378,167, reinforcing soft pricing.
The rental side is stronger. Tampa’s rent index is $2,013, or $449 above the state average of $1,564. Unemployment matches the state at 4.7 percent, and median household income of $71,254 is just $457 below the state benchmark of $71,711. In other words, local incomes are nearly identical to the state average, but rents are significantly higher and home values are moderately lower. Overall, the 9/100 score places Tampa in a weak for-sale position, though its rental market shows more relative strength.
Key Trends
The first trend is stalled, slightly negative price movement. The year-over-year change in median home value is -$4, essentially flat, while the 3-month momentum is -0.33 percent and the 12-month momentum is just 0.15 percent. Tampa’s median home value of $361,634 also trails the state average of $378,167, indicating that appreciation is not outpacing the state.
A second trend is slower sales and elevated inventory. Median days on market is 72 days, and 25.4 percent of listings have had a price cut, meaning roughly one in four sellers has adjusted the asking price. Homes for sale total 18,292. While no state inventory benchmark is provided, that supply level, combined with a high share of price cuts, suggests buyer leverage.
A third trend is a divergence between ownership and rental conditions. Tampa’s rent index of $2,013 is $449 above the state average of $1,564, or about 28.7 percent higher. With median household income at $71,254, nearly even with the state’s $71,711, the rent premium is not matched by higher local incomes. This may create affordability pressure for renters even as buyers face relatively soft pricing.
Who Is This Market For
This market is best suited to patient buyers and rental-focused investors. First-time buyers may find entry points because the median home value of $361,634 is below the state average, and 25.4 percent of listings have taken a price cut. However, high rents of $2,013 could make saving for a down payment more difficult. Buy-and-hold investors may be drawn to the rent index, which is $449 above the state average, and to the negotiating room created by 18,292 homes for sale and a 72-day median days on market.
Move-up buyers could find discounts but may face a slower sale of their existing home given the elevated price-cut share and days on market. Sellers seeking quick appreciation and short-term flippers are less aligned with this market, since 3-month home value momentum is -0.33 percent and 12-month momentum is only 0.15 percent. The lack of population growth data also limits the case for demand-driven appreciation.
Outlook
Based on the current data, Tampa’s for-sale market is likely to remain soft in the near term. The negative 3-month momentum of -0.33 percent, flat 12-month momentum of 0.15 percent, and year-over-year median home value change of -$4 do not signal an imminent rebound. A 25.4 percent price-cut share, 72-day median days on market, and 18,292 homes for sale point to continued buyer leverage and possible flat-to-down pricing. The rental market may stay relatively firm given the rent index of $2,013 versus the state average of $1,564, but missing population growth data limits any demand forecast. With unemployment at 4.7 percent and incomes in line with the state, the numbers do not show a clear local catalyst for acceleration.
AI-generated analysis based on current market data. Last updated September 7, 2026.
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Tampa, FL market data
Tampa, FL Housing Market Overview
Tampa, FL's median home value is $362K, up 0.2% over the past year. Homes here sell in a median 72 days. Its PropertyIQ Score of 9 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The Tampa, FL metropolitan area represents a distinct segment of FL's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
The South Atlantic region continues to attract domestic migration with its combination of job growth, favorable tax environments, and year-round climate. Markets range from rapidly appreciating tech corridors to established retirement destinations with strong rental demand. Within the South Atlantic, Tampa, FL's PropertyIQ Score of 9 runs below the South Atlantic norm.
Florida's zero state income tax, warm climate, and retirement appeal maintain strong population inflows. The state's insurance market dynamics and hurricane risk are important context for reading how individual Florida metros are positioned relative to the state.
For the Tampa, FL market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 0.2% over the past year.
View Tampa, FL's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Tampa, FL a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Tampa, FL currently scores 9, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $362K, up 0.2% over the past year. So whether Tampa, FL is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Tampa, FL?
Tampa, FL's PropertyIQ Score is 9, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 9 places Tampa, FL below its state benchmark.
Are home prices in Tampa, FL rising or falling?
Home prices in Tampa, FL are rising. Over the past year, the median home value increased 0.2%, reaching $362K. Over the latest three months, values slipped 0.3%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Tampa, FL's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Tampa, FL?
In Tampa, FL, homes sell in a median of 72 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 25% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Tampa, FL market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.