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Market Overview in North Tampa

The North Tampa real estate market is an amalgamation of community and property types. Tampa Bay's wealthiest zip codes sit alongside the highest poverty levels in the region, and retirement communities and "senior zones" are within walking distances of the 9th largest University in the country.

It's tough to stereotype North Tampa, but one thing is for sure, it take a true real estate expert and superior property management expertise to competently serve the north Tampa marketplace.

North Tampa At-A-Glance

- 200 homes rent through professional channels every month - estimates are that hundreds more per-month rent privately

- The median 4 bedroom home in north Tampa rents for $1,525 per month and takes a mere 33 days to rent.

- 3 Bedroom homes are by far the most popular in north Tampa, renting at a rate of 2:1 to other home types and for a median price of $875 per month.

- 2 Bedroom homes are in as high demand as 4 bedroom homes

- Bedroom-count has the single largest influence on rent rate - larger than square footage, even larger than location!

- North Tampa tends not to discriminate. A two bedroom home in a wealthy zip code rents for close to a two bedroom home in a low-income neighborhood.

To manage properties in north Tampa, you have to know that most college students are opting out of living in the University area and are choosing instead to live in Tampa Palms, Temple Terrace, Carrollwood and North Tampa.

You have to know what locals mean by "Suitcase City"; why Seminole Heights is so different from Sulphur Springs (even thought it's right across the street); why Temple Terrace is so attractive to college professors and doctors; why Carrollwood appeals to business professionals; why some of the best schools in north Tampa are located in Lutz, Odessa and Land O Lakes, and why someone would consider renting in Zephyrhills or Wesley Chapel and commuting to work in downtown Tampa.

Each of these markets attracts a unique demographic, and it takes a property manager who is experienced in North Tampa to know how rent rates differ from Temple Terrace to Carrollwood and why your market campaign will need to be entirely different in your renting in Seminole Heights versus Sulphur Springs.

There are lots more to know about North Tampa Property Management, and only one firm that you can count on to give it to you straight. Just call a NorthTampaPropertyManagement.com agent - a subsidiary of Home Encounter - and we'll give you the facts you need to profit from your North Tampa investment properties.

  

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