Mortgage payment estimates, closing cost breakdowns, and homebuying data for Tampa, Florida.
Pre-filled with Tampa median home price and Florida tax/insurance rates. Adjust for your property.
Estimated closing costs based on Florida rates and fees applied to Tampa prices.
The median home price in Tampa is $395,000, roughly in line with the Florida state median of $395,000. With a population of 384,959, Tampa is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Florida average 0.86% annually. This moderate property tax rate means a $395,000 home in Tampa would carry roughly $283/month in property taxes. Homeowners insurance in Florida runs approximately $4,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Tampa is $1,750/month. The price-to-rent ratio in Tampa is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Tampa presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.