Thinking about moving to Tampa?
You’ll be in good company. Between 2010 and 2016, more than 41,456 people have moved to Tampa, an increase of 12.4%. New residents are attracted to Tampa’s growing economy, excellent year-round weather, and reasonable housing prices. And that’s not even mentioning the beaches: the Tampa Bay area is home to some of the nation’s best beaches, including St. Petersburg, De Soto, Treasure Island and Clearwater. It’s not hard to see why so many are moving here.
Tampa is home to 377,165 Tampanians. With an area of 113.4 square miles, Tampa has a population density of 3,326 persons per square mile, which makes it less dense than many other cities of comparable size.
The Tampa-St. Petersburg-Clearwater, FL Metropolitan Statistical Area boasts a population of 3,032,171 people, of which Tampa proper’s population makes up 12%.
One of Tampa’s greatest strengths is its relatively affordable housing market. The median home value in Tampa is $185,000, -8% below the US median value, according to Zillow. The median price per square foot in Tampa is $133. Over the past 5 years, home values in Tampa have increased by 14%.
Renters in Tampa will also have an easy time finding affordable housing. The median rent in Tampa is $1,335 per month, which is 7% lower than the US median. Over the past year, rental rates in Tampa have increased by 2.1%.
The Tampa economy is on fire. The Tampa metro area’s GDP grew by 21% between 2010 and 2015, from $110 billion in 2010 to $134 billion in 2015, a total increase of $24 billion. The metro area has a per capita GDP of $44,139. According to the US Census Bureau, the median household income in Tampa, FL is $47,085, 18% lower than the national median. Tampa’s unemployment rate is 4.1%.