Cheap Homes in Tampa, FL

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Tampa, FL Foreclosures

How much do homes sell for in Tampa, FL?
The average home price is currently $519,873.
In Tampa, FL, how many homes are available?
There are currently 221,126 active home listings available in Tampa.
What’s the average rental cost in Tampa, FL?
The average rental price in Tampa is $1,592.
What is the most expensive home in Tampa, Florida?
The most expensive home sold in Tampa had a price of $28,491,200.
What is currently the cheapest priced home in Tampa, FL?
The cheapest home for sale in Tampa is priced at $16,809.

Home Value Estimator For Tampa, FL

There are currently 221,126 real estate properties in Tampa, FL, with a median automated valuation model (AVM) price of $383,257.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tampa, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Tampa, FL, is $519,873.00, with the most expensive house in Tampa, FL, topping out at $28,491,200.00 and the cheapest home in Tampa, FL, clocking in at $16,809.00. In other words, there’s something for every potential homebuyer or savvy investor in Tampa, FL!

Rent Prices In Tampa, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tampa, FL, is on a rollercoaster ride. The average rent price in Tampa, FL, is $1,592.00. Indeed, when looking to rent in Tampa, FL, you can expect to pay as little as $550.00 or as much as $5,500.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Tampa, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Tampa, FL In 2024

Tampa is located in Hillsborough, Florida, with an estimated municipal population of 399,700 residents. All of the best foreclosed homes for sale in Tampa are located in the following zip code areas on 33637 33629 33621 33620 33619 33616 33613 33610 33617 33614 33611 33612 33605 33603 33647 33609 33604 33607 33606 33602 33608 33622 33623 33630 33631 33633 33646 33650 33655 33664 33672 33673 33674 33677 33679 33681 33684 33686 33689. The estimated population per square kilometer (.62 miles) in Tampa is 1,353.

Cost Of Living In Tampa, FL

So, about how much do homes cost in Tampa? The most recent median value of resident-owned homes in Tampa is 237,682. An estimated 48.6 percent of households in Tampa own their homes, with an average family size of 3.28. The median household income in Tampa is 53,833, with26.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tampa, the median commute time of resident workers (in minutes) is 24.6. And last, but certainly not least, are you looking for homes to rent in Tampa? If so, the average rent price paid by renters in Tampa is 1,131, according to recent statistics.

Diversity And Demographics In Tampa, Florida

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Tampa, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Tampa is 35.7, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Tampa is 38.4, with an average family size of 3.28.

The percentage of residents who report their race in Tampa is as follows:

White 65.4%
Black / African American 23.6%
Asian 4.3%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.9%
Other 2.5%

Looking for family-friendly neighborhoods in and/or near Tampa? Or maybe you are searching for 55+ active adult communities in and/or near Tampa?

The percentage of residents who report their age in Tampa is as follows:

Under 10 12.1%
Aged 10-19 12.8%
20s 16.3%
30s 15.1%
40s 13.1%
50s 12.8%
60s 9.8%
70s 5.1%
80+ 2.9%

Best Schools In Tampa, Florida

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Tampa with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tampa.

Pros And Cons Of Living In Tampa, Florida

How do you know that living in -- or moving to -- Tampa is right where you need to be? Perhaps you grew up in Tampa or already live nearby; therefore, the decision to buy a home in Tampa is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tampa for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Tampa:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tampa.

Reasons To Move To Tampa, Florida, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tampa can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tampa, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Tampa, FL


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