Tampa Bay's Real Estate Market: Market Stats & Trends for 2021
Last year, more than 90% of economists and real estate professionals polled by the Tampa Bay Times predicted that the Tampa real estate market would match or outperform the national housing market in 2021. Almost halfway into the year, that has definitely been the case so far. Amidst the hype, you should also know the stats that show that the best area to live in is Tampa.
The future of the Tampa housing market
According to the Tampa Bay Business Journal, the housing market in the Tampa metro area is likely to continue strong through 2021. A growth in higher-salaried professional and commercial services is creating consistent demand from employers. Accordingly, the demand for housing in Tampa and Hillsborough County is increasing rapidly.
In addition to a booming job market, Tampa Bay also happens to be a fantastic place to live, with a quality of life that can’t be beaten. The Tampa Bay area is located on Florida’s western coast, along the Gulf of Mexico. The cost of living is generally less than Miami or Palm Beach, although that is starting to change as more people flock to it. The Tampa economy is built on a varied economic foundation that includes the following:
Quality of Life in Tampa
The quality of life and cost of living in Tampa Bay is attracting more and more people, businesses, and investors. With near-perfect weather, plenty of waterfront neighborhoods, and a booming urban center, is it really any wonder why so many people are relocating to Tampa?
Quality of Life: Key Stats
According to the Tampa Bay Economic Development Council's cost of living index, living in Tampa is less expensive than in several other booming metro regions, including Atlanta, Denver, Phoenix, Orlando, and Nashville.
Forbes ranks Tampa as one of the greatest cities for business, careers, and employment development.
U.S. News & World Report gives Tampa strong marks for general desirability, value, employment market, and quality of life.
Water Street Tampa is a $3 billion mixed-use development project that has converted the Downtown Waterfront into a dynamic living, working, and entertainment destination.
Tampa Bay's greatest entertainment sites include the Florida Aquarium, Tampa Museum of Art, and Sparkman Wharf.
The city is home to championship caliber professional sports teams, including NFL’s Tampa Bay Buccaneers, MLB’s Tampa Bay Rays, and NHL’s Tampa Bay Lightning.
Attractive Real Estate Market
The first rule of investing in real estate is to target the areas that are trending upwards in price and desirability. Tampa Bay’s housing market is hotter than it’s ever been, and now is the time to take advantage of it. Don’t get left out in the cold! Of course, if you live in Tampa Bay you never have to worry about the cold.
Are you ready to relocate to Tampa Bay? If so, you’re going to need a company that offers relocation assistance. Relocate Tampa Bay is the most trusted and reliable advisor in the area. Call us at 855-939-0813, or you can email us at email@example.com.