The hip, urban heart of Florida’s Gulf coast beats in Tampa Bay. Tampa Bay boasts blue skies and sunshine, a sparkling waterfront, world-class chefs, family fun, and a century of Cuban culture – all in Florida’s most diverse travel destination. In Tampa Bay, hospitality is as warm as its weather.
Tampa's population is 3.2M, with a total workforce of 1.4M. The labor market grew by 67,600 jobs over the past year, up by 4.9%. The median household income in Tampa is $56,271, 8.3% lower than last year and 16.7% below the national average of $67,521.
In the housing market, total permits issued totaled 20,897 over the last twelve months, up 0.6% year-over-year. Tampa has 224 active new home projects on the market, 17.9% fewer than the 273 from last year. The average list price in the market is $497,623, 36.9% higher than last year and 10.4% above the national average. Over the last three months, new home contracts decreased by 43.5% to 2,331. Wesley Chapel and Zephyrhills had the highest concentration of the new home contracts in the Tampa market.