PRESENTATION OF THE CITY OF TAMPA IN FLORIDA

 PRESENTATION OF THE CITY OF TAMPA IN FLORIDA

The city of Tampa, Florida, is truly the business center of the West Coast.

As a direct consequence of this economic power, Tampa is the third most populated city in Florida.

It is particularly known for being a cultural center, which makes it an important tourist destination.

Tampa is now a major urban hub with an already highly developed real estate market.

We discover more with the following information!

The City of Tampa by the Numbers

→ Population = in 2022 is 398173

→ Industries = the 3 largest employers:

1 – health care and social assistance,

2 – professional, scientific, technical services

3 – Retail trade

→ Education = 88.4% high school graduate and 41.8% have a bachelor's degree or higher

→ Median household income: $59,893.00

→ Citizenship: In 2020, 91.4% of Tampa, Florida residents were U.S. citizens, which is lower than the national average of 93.4%. In 2019, the percentage of U.S. citizens in Tampa, Florida was 91.1%, meaning the citizenship rate has increased.

→ Poverty rate: 17.5%

→ Tampa, FL The unemployment rate is 2.80%, up from 2.40% last month and 2.70% last year. This figure is lower than the long-term average of 5.89%.

→ Health Coverage: 87.9% of the population of Tampa, Florida has health coverage, including 43.7% on employee plans, 20.2% on Medicaid, 7.94% on Medicare, 13.6% on private plans, and 2.51% on military plans.

What you need to know

1- It's the third largest city in Florida (demographically), after Jacksonville and Miami. You can already guess that it's an attractive city for many residents.

2- Tampa is a major economic and business center for Florida. The city's strength? Its economy is based on a diversified base, such as tourism, construction, technology, and finance.

3- Sports are very important in Tampa. The MLB's Tampa Bay Rays, the NFL's Tampa Bay Buccaneers, the NHL's Tampa Bay Lightning, and the New York Yankees' spring training are all on the agenda.

4 – Since 1933, the Tampa Bay Hotel has housed the Henry B. Plant Museum and the University of Tampa. The building, renamed Plant Hall, is a National Historic Landmark.

5- Tampa is a major tourist hub in Florida, particularly for Americans. Its international airport also attracts millions of tourists each year.

Tampa, Florida Real Estate Figures

The Tampa housing market is a vital component of the Florida housing market, with a relatively high population density and strong economic ties throughout the region. Tampa's real estate market is one of the hottest in the country for rental housing.

In June 2023, the real estate market is rather in favor of sellers. This means that the supply of properties is lower than demand. This is confirmed by a second statistic: 99.21% of homes sold are at asking prices.

In 2020, 49.3% of homes in Tampa, FL were owner-occupied. This percentage increased from 48.6% in 2019.

68.3% of homeowners have a mortgage.