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. Airbag maker Takata bankruptcy filing expected in Japan, U.S.

    Corporate

    DETROIT — Japanese airbag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag inflators.

  2. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  3. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  4. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  5. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.