Investment metrics, interactive calculators, and data-driven analysis for Tampa rental properties.
Pre-filled with Tampa medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Tampa.
Tampa, FL has a population of 404,636 and has been growing at 1.9% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $365,000 paired with median rents of $1,720/mo produces an estimated cap rate of 3.75%.
Property taxes at 0.83% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 4.8% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 6.2x, homes cost about 6.2 times the local median income of $58,700. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 4.2% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: At current median prices, Tampa is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.