Tampa, Florida, is an excellent place to Purchase a Rental Property. If you’ve come across this video you’re in the right place, Tampa has great areas for all investment strategies for purchasing rental property assets. As a residential and multifamily property management company in Tampa, we deal with rental investment properties all day long every day. We help homeowners and investors get connected and we maintain their rental property investment. It's what we do.

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Today, we will be covering the Top 5 Tampa Areas for Buying Rental Property. We’ll be breaking it down into the best areas for High Appreciation and Tampa areas for Positive Cash Flow Strategies.

Why Invest in a Rental Property in Tampa, Florida?

Tampa is one of the fastest-growing cities in the nation. People looking to flee overpopulated, overpriced cities have found that Tampa offers a world of opportunities. Tampa residents have a far better quality of life than other major cities in the United States.

As the population of Tampa continues to grow, so does the city's infrastructure, as well as the city's surrounding Tampa Bay areas. With the number of people moving to the Tampa Bay area rental properties are in high demand:

- 50.7% of Tampa residents live in a rental dwelling
According to Zillow, the average rent in Tampa is $2,300 / month, which is 10% higher than the national average.
- Tampa is growing at a rate of 2% annually.
- Tampa’s population density is 3,506 people per square mile.
- 56.24% of residents were not born in Tampa, meaning they moved here from a different location.
- By 2028, Tampa’s population is expected to grow from its current population of 399,734 to 424,359.

Top 5 Tampa, Florida Areas for Purchasing Rental Properties - Appreciation.

1. South Tampa

South Tampa comprises some of Tampa’s most highly sought-out areas including Hyde Park, Harbour Island, Davis Island, Bayshore Gardens, and several other neighborhoods. South Tampa neighborhoods are residential areas that include an abundance of houses, apartment complexes, and condos.

Average Rental Rates in South Tampa:

- The average apartment rent in South Tampa is $2,536.
- The average home rent in South Tampa is $3,452.

2. Wesley Chapel

Wesley Chapel is located in Pasco County, situated in the northern part of the Tampa Bay area. Wesley Chapel is a rapidly growing community that has experienced significant development in recent years. The area features many single-family homes and master-planned communities.

Average Rental Rate in Wesley Chapel:
- The average rent in Wesley Chapel is $1,987/mth

3. New Tampa

New Tampa is a suburban area located northeast of downtown Tampa. It is a rapidly growing area that includes many newer residential developments, shopping centers, recreation areas, and commercial spaces.

Average Rental Rates in New Tampa:
- The average apartment rent in New Tampa is $1,569.
- The average home rent in New Tampa is $2,904.

4. St. Petersburg, Florida

Many residents that love the Florida sun and salt water rent in St. Petersburg, Florida. St. Pete is known for its scenic waterfront, which features a 2.5-mile-long park system along the bay, as well as numerous marinas and boat ramps. The city is home to several popular beaches, including St. Pete Beach and Clearwater Beach, which are known for their white sand and clear waters.

Average Rental Rates in St. Petersburg:
- According to Zumper, the average 2BD rental unit is at $2,000/mth

5. Channel District

The Channel District is one of Tampa's most lively and populated neighborhoods outside Downtown Tampa. Once an industrial area, it has been re-developed in recent years and has become a flourishing urban area with proximity to the water and Downtown Tampa.

Average Rental Rates in the Channel District:
- The average apartment rent in the Channel District is $3,388.
- The average home rent in the Channel District is $2,880.

Top 5 Tampa, Florida Areas for Purchasing Rental Properties: Cash Flow

1. Brandon/Valrico Area
2. Seminole Heights
3. Land O’ Lakes
4. Ybor City
5. Riverview

Tampa is recognized as one of the best places to buy a rental property. The Tampa real estate rental market is ever-changing, and new areas are popping up all over the city. Whether you're looking for steady appreciation or high cash-flowing areas none of these Tampa bay areas will disappoint.

If you're interested in Purchasing a Rental Property in the Tampa Bay area contact our team today. Cheers!

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_____Content of this Video_____
0:00 - Best Tampa Areas to Buy a Rental Property
2:00 - Top 5 Tampa Areas for Appreciation
6:00 - Top 5 Tampa Areas for Cashflow
9:10 - Tampa Areas to Buy a Rental Summary

#buyingtamparentalproperty #besttampaareasforbuyingrentals #investingintampa #tampapropertymanagement #propertymanager

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