This Is Where Tampa Residents Are Looking To Buy Homes
It’s a tough time for homebuyers in the United States right now. Whether you’re a first time home buyer or looking for a change of scenery, finding something within a reasonable budget is difficult around the Tampa area. Most Tampa residents are looking to buy a house outside of the city limits. We’re here to tell you where they’re looking.
According to Stacker, home prices are starting to normalize throughout the country… a little. Most buyers are still unable to afford these homes because mortgage rates are still at a record high. A few percent may not seem like a big increase, but a 1% increase can increase your monthly mortgage by $100.
As work from home becomes more common in the workplace, buyers are looking to expand their search outside of the city limits. This makes it easier for people to afford homes in a cheaper market area.
We recently told you about the two Pinellas cities where the home prices are growing the fastest. But where are Tampa residents supposed to look for a new home as people come in from out of state and pay over asking price?
Places Tampa residents are looking to buy a home:
- #10 Deltona, FL (2.5 hour drive from Tampa)
- #9 Jacksonville, FL (3.5 hour drive from Tampa)
- #8 Cape Coral, FL (2 hour drive from Tampa)
- #7 Atlanta, GA (7 hour drive from Tampa)
- #6 Ocala, FL (1.5 hour drive from Tampa)
- #5 Homosassa Springs, FL (1 hour drive from Tampa)
- #4 Miami, FL (4 hour drive from Tampa)
- #3 Orlando, FL (1.5 hour drive from Tampa)
- #2 Lakeland, FL (less than 1 hour drive from Tampa
- #1 North Port, FL (1.15 hour drive from Tampa)
How did Stacker determine these rankings?
Stacker looked at a Cross Market demand Report from Realtor.com “to see where people in Tampa are looking to buy homes. View share is based on page views of active listings during the third quarter of 2023 on Realtor.com.” The report does not include international visitors.
To read the full report and analysis, click here.