Market Analysis
Tampa Rental Market
Rental investment market data and analysis · Updated October 2026
Median Home Price
$410,001
Average Monthly Rent
$2,175
Estimated Cap Rate
6.4%
Rent-to-Price Ratio
0.5%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · October 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 33610 | $299,000 | $1,899 | 0.64% |
| 33625 | $420,001 | $2,200 | 0.52% |
| 33615 | $400,000 | $1,800 | 0.45% |
| 33602 | $775,000 | $2,800 | 0.36% |
Rent ÷ price over time
PacRent rent-to-price index · Tampa
Context · FRED home price index
Market Trends
Tampa metro area — % change since 2018
Home Prices
+79.5%
Rent Index
+61.5%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Condo | $1,600/mo |
| Multi-Family | $1,644/mo |
| Apartment | $1,702/mo |
| Single Family | $2,448/mo |
| Townhouse | $2,684/mo |
| Manufactured | $3,200/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$410,001
Down Payment (20%)$82,000
Monthly P&I$2,138
Monthly Rent$2,175
Est. NOI$15,660/yr
Est. Cash Flow-$833/mo
Cash on Cash-11.1%
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 $4,100/mo to pass
- 3Above-average rents support strong gross income per unit
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