Let us discuss why Tampa is so highly ranked for real estate investing. Tampa investment properties are affordable with good annual appreciation potential. If you are looking at Tampa real estate investment, you could find plenty of generic superlatives for it. However, the reality is that there are plenty of hard facts that justify investing in Tampa real estate.
Tampa Bay area has been named one of the nation’s top 10 markets for real estate investment several times in the past. Its unemployment rate is less than 3%, and and it is the fastest growing city in the state of Florida. There are a number of economic and development prospects attached to this market.
Strong demand for rentals, limited opportunity for would-be home buyers, excellent future appreciation of Tampa investment properties and a number of other factors make Tampa a good choice for investing in real estate. Others move here for the cheaper real estate and lower cost of living, 23% below the U.S. average. The population growth fuels demand for housing, and that’s in short supply.