Welcome! In today's video, we will give you an idea of whether you should invest in properties in Tampa or St Petersburg for short-term or long-term rentals!

▶️ Chris Johnson - REAL Broker, CORE Team Tampa: Call or text me: 512-200-2313
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The Tampa Bay area has attracted many investors looking to purchase long-term or short-term rental properties. There are so many great reasons why you should think about investing in Tampa or St. Pete. In this video, we'll talk about the top reasons why investors have chosen either Tampa or St. Pete to buy an Airbnb. This will give you an idea of what areas might be best for you, whether this is your first time investing or you're an expert.

There are currently 380,476 people living in Tampa, Florida's largest city. Hillsborough County is home to Tampa, one of Florida's best places to live. Most people who live in Tampa own their homes. The city has a mix of urban and suburban areas. In Tampa, there are many bars, restaurants, coffee shops, and parks. Many families and young professionals live in Tampa. The public schools in Tampa are rated very highly. With its busy atmosphere, great cultural attractions, and wide range of outdoor activities, Tampa will make a lasting impression on anyone who visits.

In 2022, Tampa was one of the hottest housing markets in the country. Strong projected house value increase, a robust employment market, relatively low and quickly moving inventory, and demographics indicating a decent amount of potential buyers were among the factors Zillow cited as driving the Tampa market to the top of its credit rankings.

In 2023, experts still think the Tampa housing market will be strong. They predict that home prices will continue to rise due to rising demand and that new homes will become available soon. Right now, the average annual rate of growth in the housing market is 5.76%. The value of a home in Tampa has increased by 247.45% since 2000.

On the other hand, St. Petersburg, Florida, is a wealthy city known for its beautiful beaches and year-round sunshine. From art museums like the Salvador Dali Museum to professional sports at Tropicana Field, there's something for everyone in this busy city. The beautiful Vinoy Park and the nearby Sunken Gardens are well worth a visit. Visit one of the numerous live music venues or dine on coastal cuisine at one of the many seafood restaurants downtowns. St. Petersburg is known as a great place to live and visit because it has a diverse population and excellent schools.

The St. Petersburg housing market is competitive. On average, homes in St. Petersburg receive three offers and are sold in around 25 days. Last month, the median price of a home in St. Petersburg was $418K, 5.2% higher than last year. St. Petersburg's median sale price per square foot is $316, down 0.16 percent from last year.

It's hard to choose between Tampa and St. Pete. Both locations provide fantastic options for business, recreation, and everything in between, and both boast beautiful waterfront views. There are so many great reasons why you should think about investing in Tampa or St. Pete. Whether you make long-term or short-term investments, you should choose based on the facilities and housing markets of the two cities.

So, If you need to buy a home in the Tampa or St. Pete, I am available to help you find the best deal and if you have any question or thoughts, then share them in the comments.
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▶️My Other Videos:
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