Tampa beckons with its vibrant blend of urban energy and coastal charm, making it an undeniable gem for those searching for the ideal place to call home. And if you’re looking to purchase a home in a city with a strong economy and real estate market, take note - The experts at WalletHub recently released its 2023 Best Real Estate Markets list, and Tampa is ranked as one of the best places to buy a home in the nation!
The Tampa real estate market is ranked #5 best in the nation among large cities (with over 300,000 residents) and #17 among all cities in the United States. Several other Florida cities also made the list, including Orlando at #10 among large cities (out of 66 ranked) and Lakeland at #36 among small cities (out of 133 ranked).
To compile the list, WalletHub compared 300 cities of varying sizes and used 17 indicators to score the strength of the housing market and economy, along with housing affordability. The ranking metrics spanned an array of factors, from the appreciation of home prices to building permit activity, foreclosure rates, and job and population growth.
If you are a first-time homebuyer, the news gets even better! WalletHub also crunched data to determine the best cities for first-time home buyers and Tampa, Orlando, and Lakeland all rank on that list, as well:
Tampa is the #1 best large city in the U.S. for first-time buyers, and #3 overall compared to 300 cities of varying sizes;
Orlando is #2 best large city for first-time buyers and #5 overall;
Lakeland ranks as the #3 best small city for first-time buyers, and #11 overall.
This list uses some of the same data as the first one, with higher weighting for housing affordability andadded factors for homeownership rate among Millennials and quality of life. For first-time buyers, considering these factors isn’t just prudent – it’s critical. A city’s cost of living directly impacts your overall financial stability and comfort, determining how far your earnings stretch. Quality of life indicators, ranging from the weather and school system to crime rates and the job market, shape your daily experiences and well-being. And of course, affordability stands as a cornerstone, dictating whether your dream of homeownership can be transformed into a tangible reality.
New Homes for Sale in Tampa
Just how can you take advantage of the amazing real estate opportunities Tampa offers, you ask? Easy! Look no further than our new homes for sale in Tampa Bay. Whether you desire a low-maintenance townhome offering an easy transition to homeownership, or prefer a single-family home with a private backyard to enjoy the beautiful Florida outdoors, we build homes designed for your life and priced from the affordable $290’s.
To make owning your dream home even easier, closing cost and interest rate incentives are currently available for qualified buyers.
Now is a great time to make the move to Tampa! Call or email our Tampa New Home Specialists for help finding your perfect new home in one of the best real estate markets in the nation!
Location, home designs, features and prices are subject to change without notice. We are pledged to the letter and spirit of the U.S. policy for the achievment of equal housing opportunity throughout the Nation. We encourage and support an affirmative marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.