Tampa Florida Named Best Place to Invest in Real Estate

    Tampa named the best place for first-time homebuyers to invest in real estate right now.

     

    Being a first-time homebuyer is stressful, however certain cities and markets make the process a little easier. Zillow released their list of the best cities to invest in for first-time homebuyers and Tampa came out on top. Cities were evaluated on four metrics:

    • Median Home Value
    • Value Appreciation Forecast
    • Inventory-to-Household Ratio
    • Percentage of Listings with Price Cuts

    Along with Tampa, two other Florida cities made the list including Orland (5th) and Miami (6th). The metrics that led to these standings included Tampa’s median home value at $213,600 and price cut listings at 24.8%. Orlando’s median home value came at $237,100 and price cut listings at 21.3%. Miami’s median home value at $283,800 and price cut listings at 18.6%.

    Zillow’s entire list of top 10 places for first-time buyers to invest included:

    1. Tampa, FL
    2. Las Vegas, NV
    3. Phoenix, AZ
    4. Atlanta, GA
    5. Orlando, FL
    6. Miami, FL
    7. Detroit, MI
    8. Dallas, TX
    9. Nashville, TN
    10. Charlotte, NC

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