Tampa Real Estate Investing Statistics
Why Is Tampa Real Estate Still A Great Investment?
The median price of a home in the Tampa/St. Pete MSA in March 1999 was $89,500. The median price of a home in the Tampa/St. Pete MSA in July 2011 was $124,000. This is an increase of 38.5 percent or an average of 3.17 percent per year.*
Stock Market Return
If you invested the same value in the stock market on March 31, 1999 (Dow = 10,006), you would have had on August 19, 2011 (Dow = 10,800) a 0.64 percent yearly gain for a total of 8 percent.
If you purchased stock on its lowest point on September 21, 2001 (Dow = 8235), you would have a gain of 21.5 percent.
Net Return on Home Purchase
If you bought a home for cash in March 1999 and rented it out with $225 per month in net rental income, you would have a return of 23.3 percent. If you rented it out with a net rental income of $500 per month, your return would be 50.2 percent.
*Source : Florida Assoc. of Realtors Website