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The Tampa-St. Petersburg region has actually long been a sanctuary for retirees and working northerners alike heading to the Sunshine state for the weather, the ocean, and economical property. Now they're coming the other way, too. According to University of Florida research pointed out by the Tampa Bay Times, a lot of the people moving into the Tampa Bay location are coming from elsewhere in Florida, specifically from Palm Beach and Miami.

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In fact, the Tampa-St. Petersburg-Clearwater city location as a whole has actually grown to 2,945,000 as 2022 unfolds, up 1. 17% in a year, and the city of Tampa itself has actually swelled to 397,085 souls, up 1. 7% in single year. Image source: Getty Images. Along with the weather condition and the Gulf of Mexico and all the tourist attractions of old Tampa itself, including its own amusement park and distance to Orlando, the sprawling Tampa Bay area provides a lot of career opportunity.

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Include the Port of Tampa-- Florida's biggest-- and the flourishing traveler trade (when the pandemic ends, especially)-- and you have the makings of a significant seller's market. Zillow and concur: This spot is hot simply named Tampa its hottest market for 2022, stating its analysts see home values here growing from the fourth-fastest amongst America's 50 largest markets in 2021 to the fastest velocity this year.

5% over the past year and need to leap another 24. 6% in the next year. Zillow says its ciphering takes into account just what it thinks about the middle tier of houses, excluding the high and low ends of the marketplace. Real estate agent. com, meanwhile, anticipates home sales to increase by 9.

8% in the Tampa city, making it the country's 10th hottest by its estimations. Need More Info? says the average listing price of a house in this city rose 11. 6% to $357,000. That's still a bit listed below the $375,000 nationwide median, and the total cost of living in Tampa is still a bit lower than the nationwide average, by about 5%, according to Payscale.

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Plus, compare that to the $612,645 in worth that Zillow put on a typical home in its primary market in 2021: Austin, Texas. Not to discuss all those areas in and around Silicon Valley and other high-dollar markets where a million dollars no longer buys much. It's all relative.