Advertisement
  1. Real Estate

Inexpensive Tampa Bay homes gain the most value of any in U.S.

A sign in November shows homes for sale in a Pasco County neighborhood. Owners of affordable homes in the Tampa Bay region are seeing the biggest gains in equity among the nation's top 20 housing markets. [SUSAN TAYLOR MARTIN | Times, 2017]
Published Feb. 16, 2018

Owners of affordable homes in the Tampa Bay region are seeing the biggest gains in equity among the nation's top 20 housing markets. A bay area home now worth $110,000 rose 20 percent in value over the past year while a house now worth $337,400 increased only 1.4 percent, according to Zillow. Over a five-year period, the difference was also striking: The inexpensive house nearly doubled in value while the expensive one was worth 43 percent more.

Nationally, starter homes have gained 44 percent in equity over the past year compared to 27 percent for expensive homes. Seattle and the San Francisco Bay area are the only large markets where the most valuable homes are gaining value faster than affordable ones, Zillow found.

ALSO IN THIS SECTION

  1. 580 Corporate Center in Oldsmar Jones Lang LaSalle Capital Markets
    The six-building center is 91 percent occupied.
  2. The Doc Webb house, which became a point of contention over its historic status. LUIS SANTANA  |  Tampa Bay Times
    The City Council will vote on amended regulations about third-party designation meant to quell verbal and legal skirmishes over historic preservation
  3. A South Florida developer plans a condo tower on the parking lot between the Northern Trust building, left, and the Hilton St. Petersburg Bayfront. SUSAN TAYLOR MARTIN  |  Susan Taylor Martin
    South Florida company plans a 35-story tower next to a Hilton hotel.
  4. An image from the web site of Realtor Michael Schaffer's real estate company. [Realty Resources] WWW.TAMPABAYHOMEREALTOR.COM/TEAM  |  Screen grab
    Michael Schaffer still has active listings
  5. The home of Daniel Schuh, 82, once a well-known St. Petersburg lawyer, at 2420 Driftwood Road SE, is being demolished. Built in 1939 and since expanded and renovated, it was considered a contributing property to the recently approved Driftwood Historic District. SCOTT KEELER  |  Tampa Bay Times
    Preserve the 'Burg considers establishing a revolving fund to buy and save endangered historic properties
  6. Alexandra Toigo, 32 and Sabrina Pourghassem, 23, pose for a photo at Hofbrauhaus St. Petersburg holding their signature beer mugs during Oktoberfest 2018. "LUIS SANTANA  |  TIMES"  |  Tampa Bay Times
    The beer hall’s property owners filed a lawsuit saying the restaurant missed its rent starting in August.
  7. The 40-year-old Fire Station on Franklin, which could be the future site of an affordable housing development -- if the city's developer can win some major tax credits. Clearwater Fire & Rescue
    But the proposed complex on land controlled by the city will need to win $17 million in tax credits to become a reality.
  8. Artist Danny Acosta completes re-lettering  of the Southernmost Point in the Continental U.S.A. marker in Key West after much of the paint was stripped off in Hurricane Irma in 2017. [Florida Keys News Bureau via the Associated Press]
    Less than 10 percent of U.S. counties are "vacation home'' counties.
  9. A Tampa company has spent nearly $8.8 million acquiring 180 acres north of Shell Point Road in Ruskin. Susan Taylor Martin
    We find the answers in our continuing look at new construction in the Tampa Bay area.
  10. The century old building that now houses the retro store Furnish Me Vintage will be saved. Tricera Capital
    The sale includes a building that now houses the retro Furnish Me Vintage store
Advertisement
Advertisement
Advertisement