Market Analysis
Tampa, Florida
Rental investment market data and analysis · Updated July 2026
Median Home Price
$432,500
Average Monthly Rent
$2,229
Estimated Cap Rate
6.2%
Rent-to-Price Ratio
0.5%
Below 1% Rule
Market Trends
Tampa metro area — % change since 2018
Home Prices
+80.1%
Rent Index
+61.5%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Multi-Family | $1,517/mo |
| Apartment | $1,789/mo |
| Manufactured | $1,930/mo |
| Condo | $2,100/mo |
| Single Family | $2,499/mo |
| Townhouse | $2,765/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$432,500
Down Payment (20%)$86,500
Monthly P&I$2,256
Monthly Rent$2,229
Est. NOI$16,049/yr
Est. Cash Flow-$918/mo
Cash on Cash-11.6%
The Tampa market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Tampa
- 1Moderate cap rates suggest balanced cash flow and appreciation
- 21% Rule fails at median prices — need rent of $4,325/mo to pass
- 3Above-average rents support strong gross income per unit
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