Tampa Home Prices Soar 50% in Two Years, Now Require $116k Salary to Afford
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Tampa homebuyers now need to earn $116,329 per year to afford a home, nearly 50% more than in 2020 ($58,577)
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The average monthly mortgage payment in Tampa is $2,364, assuming a 10% down payment
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It will take 9.8 years for Tampa buyers to save a 10% down payment if making the median income
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Tampa's affordability is on par with other cities like Atlanta, Baltimore, and Minneapolis
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Mortgage rates easing has helped affordability somewhat, but more housing supply is key to improving long-term affordability