Real Estate Investment in Tampa, FL

Published: Jan 29, 2021

Residential real estate properties in Tampa, FL, great for investing!

Why Invest in Tampa Real Estate?

The recent success of the Tampa Bay Lightning improved real estate in the area thanks to a generous owner. With the help of Lightning owner Jeffrey Vinik and Bill Gates’ Cascade Investment, L.L.C., a new $3 billion dollar development is being planned, bringing significant growth to the downtown area. Open since January 2020, the USF Health Morsani College of Medicine and Heart Institute focuses on growing biotechnology, biomedical and pharmaceutical firms around it. Having this research institute will help Tampa improve the individual quality of life in the area.

Florida’s largest port, also ranked as one of the best cities for the outdoors, is a popular attraction for younger families or those who are retired. The cost of living in Tampa is 5% lower than the national average and home to 7 Fortune 500 companies. The recent expansion of the Panama Canal, Tampa is experiencing a ripple effect stronger than before. More ships are docking in the port for trade and military supplies. In return, Tampa’s expected to add significant rental demand for short-term employees in the area.

Tampa Real Estate Market Highlights

Tampa, FL rental property real estate
  • The largest port in Florida
  • Ranked #1 for the nation’s best places to invest in real estate (Business Insider)
  • Tampa ranks 5th for ROI in a single-family home – (Biggerpockets)
  • The Panama Canal Expansion will bring significant economic growth
  • 9th fastest-growing metro in the U.S. – (Biz Journals)
  • 5% lower cost of living in Tampa than the national average
  • Among the top 20 US cities with the best quality of life (New Arena)
  • 12th best place to live (Livability)
  • 5th best city to start a business (Wallethub)
  • 2nd best city to find a job – (Biz Journals)
  • Home to 7 Fortune 500 companies
  • 45% of Tampa’s housing market is renter-occupied
  • Master Plan for Tampa’s Center City - government plan to finish improving downtown Tampa
  • Tampa is ranked as one of the best outdoor cities – (Forbes)

West Tampa Real Estate Market Highlights

With the presence of Tampa’s sports teams in the west, this area is great due to the complacency of the stadiums. The best beaches in Tampa are in the west, such as Clearwater or Fort De Soto. However, the biggest thing to keep in mind is the expansion of the Panama Canal. Look to the west for future investment because of the expansion of the Panama Canal that will increase trade in the area and attract those enlisted in the military to the coastline.

  • Tampa International Airport - 8.8 miles from downtown
  • Raymond James Stadium - NFL Tampa Bay Buccaneers
  • Tampa’s Lowry Park Zoo
  • The Panama Canal Expansion will bring significant economic growth
  • WaterWorks Park (Forbes)
  • David A. Straz Jr. Center for Performing Arts
  • Tropicana Field - Tampa Bay Rays’ baseball field (St. Petersburg)
  • University of Tampa
  • Derby Lane St. Petersburg - greyhound racing 9 miles north of Tropicana Field
  • The Dali Museum - glass-paneled art building next to Tropicana Field
  • Clearwater Beach - #1 ranked beach in Tampa
  • Fort De Soto Beach - beach camping south of St. Petersburg

East Tampa Real Estate Market Highlights

Known for authentic Cuban food, nightlife, and entertainment, east Tampa is home to the highly reputable Ybor City. The area has concerts, an aquarium, and a sports arena. With plenty of activities to do, east Tampa is not only a great place for schools but also a hot spot for young professionals.

  • Busch Gardens Tampa Bay - African themed zoo & amusement park
  • Raymond James Stadium - NFL Tampa Bay Buccaneers
  • Tampa’s Lowry Park Zoo
  • The University of South Florida - a research university
  • Home to the recently-open USF Health Morsani College of Medicine and Heart Institute (January 2020) - $152.6 million dollar building and $3 billion dollar development.
  • University Mall - shopping, movies, restaurants
  • Adventure Island - an outdoor water theme park
  • The Florida Aquarium - 20,000+ animals and plants
  • Florida State Fairgrounds
  • Amalie Arena - a downtown indoor sports arena for hockey, basketball
  • MIDFLORIDA Credit Union Amphitheater- the largest concert only facility in Tampa
  • Seminole Hard Rock Hotel & Casino Tampa

For more information refer to our Knowledge Center and visit our Tampa, FL Property Management page for local landlord tips and information. Our team has vast knowledge and experience in local Tampa, FL property management and can help you to have a better investment experience. We educate on topics in the Tampa, FL area ranging from repairs and maintenance, leasing, dealing with local emergencies and even preparing for emergencies! We look forward to furthering your rental property education.

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