Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$356,843−0.9% YoY · prices are falling
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 26% have cut their price
Income needed to buy, per year$77,356About 1.0× the local median income ($78,210): affordable for a typical household
Days on market77 daysAbout the same pace as a year ago
Next 12 months−1.7%Zillow expects prices to dip slightly
The typical home in Tampa-St. Petersburg-Clearwater, FL is worth $356,843, down 0.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $335,308, so the area is 6.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are down 2% from a year ago, 26% of listings have had a price cut. Zillow expects prices to fall about 1.7% over the next year. A household needs about $77,356 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,210. Typical rent is $1,991 a month, or $2,390 for a house. In the latest IRS figures, 20,888 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$356,843
Change in 1 year
−0.9%
Overvalued %
+6.4%
Show 7 more
Fair home value
$335,308
Change in 5 years
+15.8%
Zillow forecast, next 12 months
−1.7%
Home value to income
4.6×
Monthly mortgage payment (20% down)
$1,934
Income needed to afford it
$77,356
Property tax rate
0.74%
Rent and investing
Typical rent
$1,991
Typical rent for houses
$2,390
Price-to-rent ratio
14.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,917
Gross rental yield
6.70%
Cap rate (estimate)
4.35%
Market activity
Listings vs a year ago
−2.3%
Days on market
77
Listings with a price cut
25.9%
Show 3 more
Homes for sale
18,190
Pending sales per 100 listings
27
Asking price per sq ft
$232
People and jobs
Median household income
$78,210
Population change (1 year)
+0.4%
Unemployment rate
4.6%
Show 4 more
Population
3,418,895
Income adjusted for cost of living
$77,512
Net moves in (IRS)
+20,888
Cost of living (US = 100)
100.9
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
97.4
Unhealthy air days a year
2
Show 4 more
Flood risk score
96.9
Wildfire risk score
91.1
Walkability (1 to 20)
10.3
Road, rail and air noise
54 dB
Questions people ask
Is Tampa-St. Petersburg-Clearwater, FL overvalued?
Home prices in Tampa-St. Petersburg-Clearwater, FL are slightly above what local incomes have historically supported: fair value is about $335,308, so the area is 6.4% overvalued.
Is Tampa-St. Petersburg-Clearwater, FL a buyer's or seller's market?
Tampa-St. Petersburg-Clearwater, FL is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are down 2% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Tampa-St. Petersburg-Clearwater, FL?
Home values in Tampa-St. Petersburg-Clearwater, FL are down 0.9% over the last year. Zillow's forecast for the next 12 months is −1.7%.
How much do you need to earn to buy a home in Tampa-St. Petersburg-Clearwater, FL?
A household needs about $77,356 a year to afford the typical home in Tampa-St. Petersburg-Clearwater, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,210.