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.

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]

Looking to move out of Florida? If the answer is yes, some states will pay you to move there. I love it here in St. Petersburg, so I will not be moving anytime soon. I often hear people complaining about the cost of living and saying that Florida has become overcrowded. If you are one of those people and want to get paid to move, you have come to the right article.

According to the Bureau of Economic Analysis, the average cost of living per year in the Sunshine State is $50, 689 per person. That comes out to about $4,224 per person each year. Do you agree with this assessment? Is it more or less for you each month/year? Feel free to email me Babs@wild941.com.

I'm a single woman with no kids, but my rent has increased. My car is paid off and I really need a new one, but have you seen the price of cars lately? People are paying anywhere from $600 a month for car notes for cars that are not even luxury. I think I will hold off until the prices go down. Everything around us has seemed to go up except our paychecks right? lol

If you were to move out of Florida, what state would you move to? I always said I would either move back to Michigan or move to Georgia with my mom. I have no intention of doing so, but If it came down to it those are the states I would move to. Sadly, those are not the states that will pay you to come there.

There Are however 6 states that will pay you to move there. If money is a motive for you, check out the list below. Will be sad to see you leave Florida, but hey, you have to do what you have to do.

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If you move to Topeka Kansas, you receive $15k! If you move there this fund can work for both remote and on-site jobs in Shawnee County.

West Virginia has a program called Ascend West Virginia, and they will provide you with $12K in payments, access to free outdoor recreation and free coworking space.

Alaska has a incentive program called Permanent Fund Dividend. Citizens can qualify for up to $16K for just living in the state. To receive the grant you just have to remain in the state for an entire calendar year! 

You can receive up to $10K if you move to Alabama and work from the Shoals. This is called the remote shoals program and you reap the benefits in Northwest Alabama.

If you move to Tulsa, Oklahoma you are eligible for $10K in grants. This is offered to remote workers or entrepreneurs. The program is called the Tulsa Remote Plan. 

If you move to the Rochester region, you could receive up to $19k in grants if you are a remote worker. They also have homebuyers incentives and more. The program is called Greater Roc Remote.