South Tampa Real Estate Report

South Tampa Real Estate Market Report | 7/3/22 - 7/9/22

If you think prices in South Tampa are hard to swallow, check out our neighbor to the south in Miami where they currently hold the title of "least affordable city in the U.S." according to the July '22 Housing Affordability Index published by RealtyHop. To purchase a home in Miami at the median price of $600,000, buyers have to dedicate 85.96% of their income! The Tampa metro area ranks as the 22nd least affordable city. Buyers have to spend 48.45% of their income to purchase a home at the median price of $465,000. Have a great week!

Check out the index here: https://bit.ly/3uIokf1

Michael Palermo

---