Make us your home page
Instagram

Zillow: Tampa Bay home values rise at second-highest rate among top metro areas

Tampa Bay had the second largest increase in home values over the past year of the country's 35 largest metro areas. [TImes file photo]

Tampa Bay had the second largest increase in home values over the past year of the country's 35 largest metro areas. [TImes file photo]

TAMPA — Tampa Bay had the second largest increase in home values over the past year of the country's 35 largest metro areas. Zillow data released Thursday indicated that bay area home values jumped 11.4 percent from March last year to a median value of $183,300, a pace second only to Seattle.

Nationally, the median home value is $196,500, a 6.8 percent increase from last year.

The report also gave hope to renters that a reprieve may finally be in sight.

According to Zillow, median rents across the country are rising at the slowest pace since 2012. Tampa Bay came out near the middle of the pack for rental prices with the 12th-highest increase to reach a median of $1,351. Tampa's increase surpassed the national appreciation rate of 0.7 percent, but still comes in lower than the national median of $1,408.

Contact Malena Carollo at mcarollo@tampabay.com. Follow @malenacarollo.

Zillow: Tampa Bay home values rise at second-highest rate among top metro areas 04/20/17 [Last modified: Thursday, April 20, 2017 5:52pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Insurance regulators fret over a spike in auto glass claims

    Banking

    TALLAHASSEE — Three months ago, state regulators weren't tracking a surge in broken auto glass claims, particularly in Tampa Bay.

    The issue has their attention now.

    The Office of Insurance Regulation is taking on assignment of benefits abuse in the 2018 legislative session. Pictured is Florida Insurance Commissioner David Altmaier. | [Times file photo]
  2. Proino Breakfast Club owner charged with not paying state taxes

    Crime

    LARGO — Just before noon on a recent Sunday at Proino Breakfast Club, the dining room was bustling as owner George Soulellis chatted with a customer.

    Proino Breakfast Club at 201 West Bay Drive in Largo. The owner was arrested last month on a theft of state funds charge, according to court records. JIM DAMASKE   |   Times
  3. Former Sen. Greg Evers, advocate for law enforcement, dead at 62.

    State Roundup

    TALLAHASSEE — Former State Sen. Greg Evers, the Baker Florida strawberry farmer and veteran politician, was killed in a single car crash hear his home in Okaloosa County. The Florida Highway Patrol confirmed the death late Tuesday, but deferred any further information pending an investigation. He was 62.

    Former Florida Senator Greg Evers, R- Milton, was a passionate advocate for law enforcement and corrections officers. He was found dead Tuesday afternoon in a car crash. He was 62. [SCOTT KEELER | Tampa Bay Times]
  4. Foundation Partners buys Anderson-McQueen Funeral Home

    Business

    ST. PETERSBURG — Anderson-McQueen Funeral Home, the Tampa Bay area's largest family-owned funeral company, has been sold.

    Anderson-McQueen Funeral Home, the Tampa Bay area's largest family-owned funeral company, has been sold.
[CHRIS URSO   |   Times]
  5. Water Street Tampa unveils video showing downtown's transformation

    Business

    TAMPA — Water Street Tampa, the sweeping, 50-plus acre redevelopment project in Tampa's urban core, has unveiled new images and video of what the downtown district will look like upon completion.

    Strategic Property Partners released a conceptual image of what the Tampa skyline will look like once its redevelopment of 50-plus acres of downtown will look like. [Photo courtesy of  of SPP]