Tampa is among the best large real estate markets in US
By Devonta Davis
Tampa Bay Business Journal
Published: Aug 23, 2023

Tampa was ranked among the best places to buy a house in 2023 in a new study.

The personal finance website WalletHub released its report on 2023′s Best Real Estate Markets.

To determine the most attractive real-estate markets in the U.S., the site compared 300 cities across 17 key metrics. The data sets included median home price appreciation to job growth.

Tampa ranked No. 5 for large cities, placing it as the highest-ranking Florida city. Overall Tampa ranked No. 17, with its worst category being the foreclosure rate.

Here’s how the market breaks down for the Big Guava:

No. 18 – Real estate market

No. 29 - Affordability

No. 36 – Share of seriously underwater mortgages

No. 122 – Median days on the market

No. 28 – Median home price appreciation

No. 10 – Job growth rate

No. 200 – Foreclosure rate

No. 143 – % of delinquent mortgage holders St. Petersburg landed at No. 87 on the list.

“This year, the housing market is skewed much more toward sellers, with mortgage rates continuing to trend upward and home values having risen over 1% in the last year on average,” the report stated.

The best markets were McKinney, Texas, Frisco, Texas, and Nashville, Tennessee, while Baltimore, New Orleans and Shreveport, Louisiana were the worst.