Why Tampa Real Estate Is One of the Hottest Markets

Many people are claiming that Tampa is the hottest real estate market in the state. Many investors and property managers are looking at Tampa for investments. Here are some of the reasons Tampa real estate is one of the hottest markets and why you should take advantage of the opportunity.

Rising House Prices

The average price of houses in Tampa has gone up significantly in the last two years, and it is predicted that there is an 84 percent chance that the market will continue to climb in the next two years. By predictions, home values will be significantly higher at the end of 2021 than they were at the end of 2018. If you buy now, you could find yourself with a lot of equity for little investment.

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Three Reasons Tampa Heights Is Back in Favor

No neighborhood in Tampa is growing quite like Tampa Heights. Located only one mile north of downtown Tampa, Tampa Heights has previously been considered a rough neighborhood that most people wouldn’t live in, but that seems to be changing as more professionals move into the area. Housing prices have soared by 64 percent, crime has dropped dramatically by 64-75 percent, and convenience seems to be the theme. Here are the top reasons that Tampa Heights is back in favor.

Convenience

People who have lived in the suburbs of Tampa are starting to move into the more urban areas simply due to convenience. Living in Tampa Heights means that you can walk to most of the shopping and restaurants that people usually come to Tampa to experience. You’ll also likely have a shorter commute to and from work, and you will have less stress due to extra driving.

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