5 Cities With The Fastest Growing Home Prices in Tampa Bay
Tampa Bay has grown tremendously over the last few years. Traffic is higher than ever. The cost of living is through the roof. But, what cities have the fastest growing home prices in Tampa Bay? We’ll tell you where, or where not to look.
Stacker recently released a report on the cities with the fastest growing home prices in Tampa Bay. Since 2020, nothing has truly been the same. Just as the dust starts to settle, another wave comes along and the cost of living shoots back up.
Buyers with deep pockets are swooping in and picking up houses as soon as they hit the market, driving up prices for remaining properties. In February, the average home value was $349,216 in the United States, up 4.2% from 2023.
Stacker analyzed data from Zillow between the Tampa, St. Petersburg, and Clearwater areas to determine the cities with the fastest growing home prices in Tampa Bay.
What are the cities with the fastest growing home prices in Tampa Bay?
Out of the 30 cities Stacker included in this list, Clearwater comes in at #29. Clearwater has a +$13,933 (+3.9%) increase from 2023. In the past 5 years, Clearwater saw a $151,010 increase going up $69.1%.
Think about that for a second. A house worth $100,000 in 2019 is now over $250,000 on average.
Tampa comes in at #21 with a 1-year price increase of $17,098 which is a 4.8% increase. Over the past 5 years, Tampa has seen a 74.1% increase in home prices making prices shoot up over $159,677 since 2019.
St. Petersburg clocks in at the #19 spot. With a 1-year price increase of $18,010, St Petersburg shows no signs of slowing down. Since 2019 alone, home prices have gone up $161,564 which is a 75.7% increase.
If you thought those prices were shocking, let’s take a look at the #1 and #2 spots. Safety Harbor comes in the #2 spot with a $30,890 increase since 2023. Since 2019, Safety Harbor home prices grew by $215,205 making it a 70.9% increase.
Harbor Bluffs. The city with the fastest growing home prices in Tampa Bay boasts a $35,836 increase since 2023. Harbor Bluffs saw a whopping $287,958 increase in home prices since 2019 making it the #1 most inflated home prices in Tampa Bay.
To checkout the full list of the cities with the fastest growing home prices in Tampa Bay, click here.
[Source: Stacker]
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