The Definitive Guide for Realtor.com® Forecasts the Best Markets for First-Time

The Definitive Guide for Realtor.com® Forecasts the Best Markets for First-Time
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The Tampa-St. Petersburg region has actually long been a haven for senior citizens and working northerners alike heading to the Sunshine state for the weather condition, the ocean, and budget-friendly genuine estate. Now they're coming the other way, too. According to University of Florida research study pointed out by the Tampa Bay Times, a lot of the individuals moving into the Tampa Bay location are originating from elsewhere in Florida, especially from Palm Beach and Miami.


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In truth, the Tampa-St. Petersburg-Clearwater metro area as a whole has actually grown to 2,945,000 as 2022 unfolds, up 1. 17% in a year, and the city of Tampa itself has actually swelled to 397,085 souls, up 1. 7% in single year. Image source: Getty Images. Together with the weather condition and the Gulf of Mexico and all the tourist attractions of old Tampa itself, including its own amusement park and distance to Orlando, the sprawling Tampa Bay area offers lots of profession opportunity.


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Include the Port of Tampa-- Florida's biggest-- and the thriving traveler trade (when the pandemic ends, particularly)-- and you have the makings of a significant seller's market. Zillow and agree: This area is hot just called Tampa its most popular market for 2022, stating its experts see house values here growing from the fourth-fastest amongst America's 50 largest markets in 2021 to the fastest acceleration this year.


5% over the past year and need to leap another 24. 6% in the next year. Zillow states its ciphering takes into consideration only what it considers the middle tier of houses, excluding the low and high ends of the marketplace. Realtor. com, on the other hand, forecasts home sales to increase by 9.


8% in the Tampa city, making it the nation's 10th hottest by its estimations. That big listing service also says the typical listing price of a home in this metro rose 11. 6% to $357,000. That's still a bit below the $375,000 national typical, and the total cost of living in Tampa is still a bit lower than the nationwide average, by about 5%, according to Payscale.


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Plus, compare that to the $612,645 in worth that Zillow put on a typical house in its number one market in 2021: Austin, Texas. Not to discuss all those areas around Silicon Valley and other high-dollar markets where a million bucks no longer buys much.  Check For Updates .