It goes without saying that the coronavirus pandemic sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic became a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. Since then, increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the fastest-growing home prices in the Tampa-St. Petersburg-Clearwater, FL metro area using data from . Cities are ranked by 1-year price change as of May 2023. The typical home value in the United States increased over the last year by 0.9% to $346,856. Data was available for 69 cities and towns in Tampa.
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#30. Ridge Manor, FL
- 1-year price change: +$6,967 (+2.8%)
- 5-year price change: +$118,993 (+87.7%)
- Typical home value: $254,602 (#65 most expensive city in metro)
#29. Tarpon Springs, FL
- 1-year price change: +$7,199 (+1.8%)
- 5-year price change: +$164,633 (+68.1%)
- Typical home value: $406,336 (#29 most expensive city in metro)
#28. Egypt Lake-Leto, FL
- 1-year price change: +$7,520 (+2.4%)
- 5-year price change: +$140,635 (+78.6%)
- Typical home value: $319,536 (#51 most expensive city in metro)
#27. Timber Pines, FL
- 1-year price change: +$8,136 (+2.7%)
- 5-year price change: +$126,526 (+70.8%)
- Typical home value: $305,317 (#59 most expensive city in metro)
#25. Odessa, FL
- 1-year price change: +$8,401 (+1.3%)
- 5-year price change: +$258,159 (+64.8%)
- Typical home value: $656,321 (#11 most expensive city in metro)
#24. East Lake-Orient Park, FL
- 1-year price change: +$8,418 (+3.1%)
- 5-year price change: +$136,055 (+94.8%)
- Typical home value: $279,570 (#64 most expensive city in metro)
#23. Palm River-Clair Mel, FL
- 1-year price change: +$9,016 (+3.2%)
- 5-year price change: +$145,206 (+99.3%)
- Typical home value: $291,493 (#61 most expensive city in metro)
#22. South Pasadena, FL
- 1-year price change: +$9,264 (+2.6%)
- 5-year price change: +$151,872 (+70.2%)
- Typical home value: $368,075 (#40 most expensive city in metro)
#20. Indian Rocks Beach, FL
- 1-year price change: +$10,210 (+1.2%)
- 5-year price change: +$365,251 (+72.5%)
- Typical home value: $869,053 (#3 most expensive city in metro)
#19. South Highpoint, FL
- 1-year price change: +$10,864 (+3.8%)
- 5-year price change: +$126,487 (+75.6%)
- Typical home value: $293,692 (#60 most expensive city in metro)
#18. Seminole, FL
- 1-year price change: +$11,475 (+3.1%)
- 5-year price change: +$156,278 (+68.0%)
- Typical home value: $386,048 (#37 most expensive city in metro)
#17. Saint Petersburg, FL
- 1-year price change: +$11,572 (+3.3%)
- 5-year price change: +$169,465 (+87.7%)
- Typical home value: $362,761 (#42 most expensive city in metro)
#15. Dade City, FL
- 1-year price change: +$11,999 (+5.0%)
- 5-year price change: +$112,469 (+80.0%)
- Typical home value: $253,081 (#66 most expensive city in metro)
#14. Gulfport, FL
- 1-year price change: +$12,594 (+3.4%)
- 5-year price change: +$188,924 (+96.0%)
- Typical home value: $385,627 (#38 most expensive city in metro)
#13. Brooksville, FL
- 1-year price change: +$12,960 (+4.3%)
- 5-year price change: +$147,934 (+87.1%)
- Typical home value: $317,721 (#54 most expensive city in metro)
#12. Dunedin, FL
- 1-year price change: +$13,361 (+3.2%)
- 5-year price change: +$190,041 (+79.5%)
- Typical home value: $429,155 (#23 most expensive city in metro)
#11. Clearwater, FL
- 1-year price change: +$13,594 (+3.9%)
- 5-year price change: +$157,526 (+77.5%)
- Typical home value: $360,910 (#44 most expensive city in metro)
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#10. Indian Shores, FL
- 1-year price change: +$13,638 (+1.9%)
- 5-year price change: +$296,011 (+66.2%)
- Typical home value: $743,162 (#8 most expensive city in metro)
#9. Feather Sound, FL
- 1-year price change: +$13,861 (+4.0%)
- 5-year price change: +$114,355 (+46.2%)
- Typical home value: $361,682 (#43 most expensive city in metro)
#8. Safety Harbor, FL
- 1-year price change: +$14,931 (+3.1%)
- 5-year price change: +$202,232 (+70.0%)
- Typical home value: $490,954 (#16 most expensive city in metro)
#7. Hernando Beach, FL
- 1-year price change: +$15,230 (+2.9%)
- 5-year price change: +$251,263 (+85.4%)
- Typical home value: $545,430 (#15 most expensive city in metro)
#5. Largo, FL
- 1-year price change: +$16,640 (+5.1%)
- 5-year price change: +$152,072 (+79.3%)
- Typical home value: $343,754 (#49 most expensive city in metro)
#4. Palm Harbor, FL
- 1-year price change: +$17,250 (+4.3%)
- 5-year price change: +$162,703 (+63.9%)
- Typical home value: $417,184 (#26 most expensive city in metro)
#3. Belleair, FL
- 1-year price change: +$19,984 (+3.1%)
- 5-year price change: +$273,886 (+69.1%)
- Typical home value: $670,366 (#10 most expensive city in metro)
#2. Belleair Bluffs, FL
- 1-year price change: +$23,969 (+6.5%)
- 5-year price change: +$174,915 (+79.4%)
- Typical home value: $395,258 (#31 most expensive city in metro)
#1. Kenneth City, FL
- 1-year price change: +$29,639 (+11.4%)
- 5-year price change: +$151,503 (+109.4%)
- Typical home value: $289,931 (#62 most expensive city in metro)
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