Tampa, Florida
Hillsborough County Real Estate - Tampa
Tampa
Tampa is Florida's third most populous city, behind Jacksonville and Miami. It is located on the west coast of Florida near The Gulf of Mexico in Hillsborough County. Service, retail, finance, insurance, shipping by air and sea, professional sports, tourism, real estate, and national defense play vital roles in Tampa's economy. Tampa is home to numerous Fortune 1000 companies, including OSI Restaurant Partners, Wellcare Health Plans, TECO Energy, and Raymond James Financial. The University of South Florida is also located in Tampa. Top employers in Tampa are Publix Supermarkets, Baycare Health Care Systems, Wal-mart, Verizon Communications Inc, TECO Energy Inc, and Ties Publishing Co.
Tampa is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 335,709.
The median age for residents of Tampa is 34.6. Around 30% of Tampa households include school aged children and 21% of households include individuals aged 65 years or over. Census records indicate 62.9% of the Tampa population are White, 26.1% are Black or African American, .3% American Indian, 3.4% Asian and 3.2% are Two or more Races. Tampa has a significant Hispanic population. 23% (77,472) of Tampa residents are of Hispanic or Latino origin. Of these 12.36% are of Mexican origin, 31.05% Puerto Rican, 27.48% Cuban and 29.09% are of other Hispanic or Latino origin.
There are 157,130 housing units in Tampa. 21,175 (13.4%) of these were reported as vacant in the 2010 Census. There are 75,684 residential rental units in Tampa. 65,602 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.
Tampa links:
Tampa is located in Hillsborough County. It has a population of approximately 335,709 people. The population increased 3.6% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 3.9% for Hillsborough County and a 1.7% increase for the country as a whole. Tampa occupies 113.41 of the 1020.21 square miles in Hillsborough County. It had a population density of 2960.2 persons per square mile in 2010. This compared to 1204.9 for the county, 350.6 for Florida and 87.4 for the country.
29.1% ( 157,130) of the 540,190 housing units in Hillsborough County are in Tampa (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Tampa has a 53.4% homeownership rate compared to Hillsborough County's 62.4% homeownership rate and Florida's rate of 69.0%.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 18,801,310 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Hillsborough County | 1,229,226 | $48,928 | 3.9% | $50,195 | 540,190 | $185,900 |
| Tampa | 335,709 | $17,245 | 3.6% | $43,957 | 157,130 | $189,400 |
Tampa's medium household income in 2011 was $43,957. Hillsborough County's medium household income was $50,195, which is higher than the medium income for Florida as a whole: $47,827. 19.2% of the population in Tampa lives below the poverty line, compared to 14.7% in Florida, 15.0% of the population in Hillsborough County and 14.3% nationwide. Additional Information:
Tampa Economic Activity
The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Tampa. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $17,245 million, Tampa's economic activity represents 35.25% of Hillsborough County's $48,928MM in economic activity. Hillsborough County represents 7.76% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $2,836 | 16.4% |
| Merchant wholesaler sales | $6,461 | 37.5% |
| Retail sales | $6,572 | 38.1% |
| Accommodation and food services sales | $1,376 | 8.0% |
| Total | $17,245 | 100% |
Hillsborough County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Apollo Beach | 14,055 | $49 | X | $68,368 | 6,694 | $245,100 |
| Brandon | 103,483 | $2,695 | X | $55,344 | 43,352 | $174,600 |
| Gibsonton | 14,234 | $219 | X | $42,079 | 5,622 | $159,400 |
| Lutz | 19,344 | $179 | X | $74,919 | 7,822 | $243,800 |
| Plant City | 34,721 | $2,865 | 3.5% | $47,565 | 13,732 | $162,700 |
| Riverview | 71,050 | $258 | X | $67,298 | 27,513 | $184,200 |
| Ruskin | 17,208 | $105 | X | $45,258 | 6,888 | $146,100 |
| Seffner | 7,579 | $239 | X | $54,589 | 2,919 | $190,500 |
| Sun City Center | 19,258 | $0 | X | $43,430 | 14,042 | $148,100 |
| Tampa | 335,709 | $17,245 | 3.6% | $43,957 | 157,130 | $189,400 |
| Thonotosassa | 13,014 | $46 | X | $39,118 | 5,545 | $136,600 |
| Valrico | 35,545 | $64 | X | $76,016 | 13,668 | $222,100 |
| Wimauma | 6,373 | $0 | X | $26,782 | 1,802 | $153,100 |
Hillsborough County is located in the Tampa Bay Region. This region is responsible for 22.6% of Florida's economic activity. Hillsborough County represents 34.3% of the region's economy.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Citrus County | 141,236 | $1,515 | -1.3% | $38,189 | 78,423 | $134,800 |
| Hernando County | 172,778 | $2,311 | 0.4% | $42,700 | 84,887 | $145,000 |
| Pasco County | 464,697 | $6,731 | 1.2% | $44,103 | 231,008 | $145,100 |
| Hillsborough County | 1,229,226 | $48,928 | 3.9% | $50,195 | 540,190 | $185,900 |
| Pinellas County | 916,542 | $37,192 | 0.5% | $45,891 | 504,146 | $172,900 |
| Polk County | 602,095 | $27,540 | 2.3% | $44,398 | 281,004 | $133,200 |
| Manatee County | 322,833 | $9,029 | 3.4% | $48,181 | 173,660 | $195,300 |
| Sarasota County | 379,448 | $9,371 | 1.8% | $49,212 | 229,346 | $213,400 |
| Total | 4,318,438 | $142,617 | 1.5% | $45,359 | 2,122,664 | $165,700 |
Tampa Real Estate
There are 243,095 properties in Tampa. The following table shows a summary of them based on 2014 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 190 | 0.08 | 2 | $800,300 | $232 | February 1st, 2014 | September 1st, 2014 |
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 3,595 | 1.48 | 3 | $164,000 | $109 | January 1st, 2014 | July 1st, 2014 |
| Health Care | 15 | 0.01 | 0 | n/a | n/a | n/a | n/a |
| Hotel & Motel | 196 | 0.08 | 5 | $315,000 | $90 | February 1st, 2014 | June 1st, 2014 |
| Industrial | 3,599 | 1.48 | 90 | $632,500 | $50 | January 1st, 2014 | September 1st, 2014 |
| Miscellaneous Property | 453 | 0.19 | 0 | n/a | n/a | n/a | n/a |
| Mobile/Manufactured | 1,647 | 0.68 | 45 | $38,500 | $24 | January 1st, 2014 | September 1st, 2014 |
| Multifamily | 4,744 | 1.95 | 323 | $90,000 | $43 | January 1st, 2014 | September 1st, 2014 |
| Office | 3,791 | 1.56 | 136 | $380,550 | $122 | January 1st, 2014 | September 1st, 2014 |
| Residential | 213,990 | 88.03 | 12,249 | $113,000 | $76 | January 1st, 2014 | September 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 5,663 | 2.33 | 186 | $445,000 | $134 | January 1st, 2014 | September 1st, 2014 |
| Senior Housing | 1,622 | 0.67 | 6 | $5,103,500 | $187 | January 1st, 2014 | July 1st, 2014 |
| Special Purpose | 3,420 | 1.41 | 50 | $415,650 | $83 | January 1st, 2014 | September 1st, 2014 |
| Sports & Entertaining | 170 | 0.07 | 5 | $885,000 | $164 | January 1st, 2014 | August 1st, 2014 |
Agricultural Real Estate in Tampa, Florida
190( .08%) of the properties in Tampa are classified as Agricultural. 2 of them sold between February 1st, 2014 and September 1st, 2014. The total value of these sales was $1,600,600. The median sales price was $800,300. In 2014 the median sales price for Agricultural in Tampa was $232 per sq ft.
Commercial Real Estate in Tampa, Florida
0( .00%) of the properties in Tampa are classified as Commercial.
Government Real Estate in Tampa, Florida
3,595( 1.48%) of the properties in Tampa are classified as Government. 3 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $454,000. The median sales price was $164,000. In 2014 the median sales price for Government Property in Tampa was $109 per sq ft.
Health Care Real Estate in Tampa, Florida
15( .01%) of the properties in Tampa are classified as Health Care.
Hotel & Motel Real Estate in Tampa, Florida
196( .08%) of the properties in Tampa are classified as Hotel & Motel. 5 of them sold between February 1st, 2014 and June 1st, 2014. The total value of these sales was $6,790,200. The median sales price was $315,000. In 2014 the median sales price for Hotel & Motel in Tampa was $90 per sq ft.
Industrial Real Estate in Tampa, Florida
3,599( 1.48%) of the properties in Tampa are classified as Industrial. 90 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $148,863,129. The median sales price was $632,500. In 2014 the median sales price for A Class Industrial in Tampa was $105 per sq ft, B Class properties sold for $50/ft and C Class $23/ft.
Miscellaneous Real Estate in Tampa, Florida
453( .19%) of the properties in Tampa are classified as Miscellaneous.
Mobile/Manufactured Real Estate in Tampa, Florida
1,647( .68%) of the properties in Tampa are classified as Mobile/Manufactured. 45 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $2,174,100. The median sales price was $38,500. In 2014 the median sales price for A Class Mobile/Manufactured in Tampa was $56 per sq ft, B Class properties sold for $24/ft and C Class $14/ft.
Multifamily Real Estate in Tampa, Florida
4,744( 1.95%) of the properties in Tampa are classified as Multifamily. 323 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $683,743,700. The median sales price was $90,000. In 2014 the median sales price for A Class Multifamily in Tampa was $178 per sq ft, B Class properties sold for $43/ft and C Class $19/ft.
Office Real Estate in Tampa, Florida
3,791( 1.56%) of the properties in Tampa are classified as Office. 136 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $269,031,400. The median sales price was $380,550. In 2014 the median sales price for A Class Office in Tampa was $292 per sq ft, B Class properties sold for $122/ft and C Class $61/ft.
Residential Real Estate in Tampa, Florida
213,990( 88.03%) of the properties in Tampa are classified as Residential. 12,249 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $11,560,208,622. The median sales price was $113,000. In 2014 the median sales price for A Class Residential in Tampa was $175 per sq ft, B Class properties sold for $76/ft and C Class $30/ft.
Residential Real Estate in Tampa, Florida
0( .00%) of the properties in Tampa are classified as Residential.
Retail Real Estate in Tampa, Florida
5,663( 2.33%) of the properties in Tampa are classified as Retail. 186 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $219,385,700. The median sales price was $445,000. In 2014 the median sales price for A Class Retail in Tampa was $581 per sq ft, B Class properties sold for $134/ft and C Class $40/ft.
Senior Housing Real Estate in Tampa, Florida
1,622( .67%) of the properties in Tampa are classified as Senior Housing. 6 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $52,768,000. The median sales price was $5,103,500. In 2014 the median sales price for Senior Housing in Tampa was $187 per sq ft.
Special Purpose Real Estate in Tampa, Florida
3,420( 1.41%) of the properties in Tampa are classified as Special Purpose. 50 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $130,575,971. The median sales price was $415,650. In 2014 the median sales price for A Class Special Purpose in Tampa was $373 per sq ft, B Class properties sold for $83/ft and C Class $41/ft.
Sports & Entertaining Real Estate in Tampa, Florida
170( .07%) of the properties in Tampa are classified as Sports & Entertaining. 5 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $9,694,500. The median sales price was $885,000. In 2014 the median sales price for Sports & Entertaining in Tampa was $164 per sq ft.
Tampa, Hillsborough County Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 159 | 411,873 |
| Government Property | 3,651 | 61,001,159 |
| Health Care | 13 | 3,461,495 |
| Hotel & Motel | 187 | 11,816,848 |
| Industrial | 2,677 | 82,623,336 |
| Land | 9,455 | 5,559,317 |
| Miscellaneous Property | 393 | 11,130,499 |
| Mobile/Manufactured | 1,550 | 1,998,413 |
| Multifamily | 4,603 | 87,184,869 |
| Office | 3,594 | 68,563,571 |
| Residential | 214,958 | 381,915,331 |
| Retail | 5,327 | 56,509,571 |
| Senior Housing | 1,618 | 5,542,779 |
| Special Purpose | 2,340 | 29,308,045 |
| Sports & Entertaining | 160 | 3,417,562 |
Tampa Median Property Values per Sq Ft
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| Airport (private or commercial), bus terminal, marine terminal, pier or marina. | 2016 | $240 | $20 | $141 | $13 | $78 | $9 |
| Auto sales, auto repair and storage or auto service shop | 2016 | $350 | $32 | $110 | $16 | $45 | $9 |
| Bowling alley, skating rink, pool hall or enclosed arena | 2016 | $327 | $20 | $96 | $13 | $56 | $8 |
| Cannery, fruit and vegetable, bottler or brewers, distillery or winery | 2016 | $183 | $11 | $58 | $8 | $34 | $5 |
| Centrally assessed | 2016 | $253 | $29 | $253 | $13 | $253 | $8 |
| Church | 2016 | $208 | $20 | $72 | $13 | $38 | $9 |
| Club, lodge or union hall | 2016 | $208 | $20 | $72 | $13 | $38 | $9 |
| College | 2016 | $208 | $31 | $72 | $17 | $38 | $8 |
| Community Shopping Center | 2016 | $421 | $32 | $130 | $16 | $78 | $9 |
| Condominium | 2016 | $231 | $16 | $88 | $16 | $47 | $16 |
| Cooperative | 2016 | $92 | $16 | $78 | $16 | $46 | $16 |
| County Owned | 2016 | $208 | $31 | $72 | $17 | $38 | $8 |
| Cropland soil capability Class I | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Dairies, feed lots | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Department Store | 2016 | $421 | $32 | $139 | $16 | $58 | $9 |
| Drive-in Restaurant | 2016 | $421 | $32 | $139 | $16 | $58 | $9 |
| Drive-in theater or open stadium | 2016 | $587 | $20 | $251 | $13 | $37 | $8 |
| Enclosed theater or auditorium | 2016 | $587 | $20 | $251 | $13 | $37 | $8 |
| Federal Owned | 2016 | $281 | $31 | $66 | $17 | $64 | $8 |
| Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $421 | $32 | $139 | $16 | $58 | $9 |
| Food processing | 2016 | $183 | $11 | $58 | $8 | $34 | $5 |
| Forest, park or recreational area | 2016 | $208 | $31 | $72 | $17 | $38 | $8 |
| Golf course or driving range | 2016 | $327 | $20 | $96 | $13 | $56 | $8 |
| Grazing land soil capability Class I | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Heavy industrial | 2015 | $102 | $10 | $50 | $7 | $31 | $5 |
| Home for the aged | 2016 | $122 | $11 | $83 | $10 | $33 | $9 |
| Hospital | 2016 | $208 | $31 | $72 | $17 | $38 | $8 |
| Hotel or motel | 2016 | $271 | $33 | $136 | $33 | $31 | $33 |
| Leasehold interests (government owned property leased by a non-governmental lessee) | 2016 | $281 | $29 | $66 | $13 | $64 | $8 |
| Light manufacturing | 2016 | $183 | $11 | $58 | $8 | $34 | $5 |
| Lumber yard, sawmill or planing mill | 2016 | $183 | $11 | $58 | $8 | $34 | $5 |
| Military | 2016 | $208 | $31 | $72 | $17 | $38 | $8 |
| Mineral processing, cement plant,refinery, clay plants or gravel plant | 2016 | $183 | $11 | $58 | $8 | $34 | $5 |
| Miscellaneous Residential (migrant camp or boarding home.) | 2016 | $122 | $33 | $83 | $33 | $33 | $33 |
| Mixed use - store and office or store and residential or residential combination | 2016 | $265 | $32 | $103 | $16 | $51 | $9 |
| Mobile Home | 2016 | $58 | $6 | $33 | $6 | $20 | $6 |
| Mortuary, cemetery or crematorium | 2016 | $208 | $20 | $72 | $13 | $38 | $9 |
| Multi-family - 10 units or more | 2016 | $185 | $13 | $105 | $8 | $61 | $6 |
| Multi-family - less than 10 units | 2016 | $192 | $13 | $59 | $8 | $34 | $6 |
| Municipal Owned | 2016 | $281 | $31 | $66 | $17 | $64 | $8 |
| Nightclub, cocktail lounge or bar | 2016 | $327 | $20 | $96 | $13 | $56 | $8 |
| Office building, non-professional service building, multi-story | 2016 | $274 | $27 | $127 | $21 | $75 | $15 |
| Office building, non-professional service building, one story | 2016 | $272 | $27 | $126 | $21 | $77 | $15 |
| Open storage (building supplies, auto wrecking, fuel, equipment or material storage) | 2016 | $139 | $11 | $54 | $8 | $33 | $5 |
| Orchard Groves, Citrus, etc. | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Ornamentals, miscellaneous agricultural | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Orphanage, other non-profit or charitable services | 2016 | $208 | $20 | $72 | $13 | $38 | $9 |
| Packing plant (fruit and vegetable or meat packing) | 2016 | $183 | $11 | $58 | $8 | $34 | $5 |
| Poultry, bees, tropical fish, rabbits, etc. | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Private school or college | 2016 | $208 | $20 | $72 | $13 | $38 | $9 |
| Privately owned hospital | 2016 | $208 | $25 | $72 | $17 | $38 | $11 |
| Professional service building | 2016 | $240 | $27 | $141 | $21 | $78 | $15 |
| Public county school | 2016 | $208 | $31 | $72 | $17 | $38 | $8 |
| Race track: horse, auto or dog | 2016 | $327 | $20 | $96 | $13 | $56 | $8 |
| Regional Shopping Center | 2016 | $651 | $32 | $307 | $16 | $121 | $9 |
| Repair service shop (excluding automotive) | 2016 | $421 | $32 | $139 | $16 | $58 | $9 |
| Restaurant, cafeteria | 2016 | $421 | $32 | $139 | $16 | $58 | $9 |
| Retirement Home not eligible for exemption. | 2016 | $122 | $11 | $83 | $10 | $33 | $9 |
| Single Family | 2016 | $177 | $16 | $101 | $16 | $60 | $16 |
| State Owned | 2016 | $208 | $31 | $72 | $17 | $38 | $8 |
| Store, one story | 2016 | $280 | $32 | $111 | $16 | $44 | $9 |
| Supermarket | 2016 | $651 | $32 | $307 | $16 | $121 | $9 |
| Timberland - site index 80 to 89 | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Timberland not classified by site index to Pines | 2016 | $139 | $33 | $54 | $23 | $33 | $14 |
| Tourist attraction, permanent exhibit or other entertainment facilities | 2016 | $327 | $20 | $96 | $13 | $56 | $8 |
| Undefined - Reserved for Use by Department of Revenue | 2016 | $192 | $16 | $59 | $16 | $34 | $16 |
| Utility | 2016 | $253 | $29 | $253 | $13 | $253 | $8 |
| Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $139 | $11 | $54 | $8 | $33 | $5 |