Is it possible to find affordable real estate in Tampa, Florida?

Tampa is the third most populous city in Florida after Jacksonville and Miami. It is located between Old Tampa Bay and Hillsborough Bay, and covers an area of 455 km2. Property in Tampa is an alluring investment for foreigners coming to the city. It provides home owners not only with stylish comfortable real estate but a great investment return as well.

The history of the name of Tampa

There is no accurate information about the origin of the name of the city. However, some theories exist and are widely believed.

–       The name “Tampa” probably comes from the language of one of the Indian tribes, who lived in western Florida until the first Spanish explorers arrived in the area in the mid-16th century. According to this version, the word “Tampa” means “fiery peaks,” or lightning bolts, which are common in the area.

–       Another suggestion is based on the fact that as early as 1695 “Bay of Tanpa” was used on maps. The Spanish misunderstood the Indian language and used the word Tanpa as a designation for the area. Over time “Tanpa” was transformed into Tampa.

Modern Tampa is the business and cultural and historical center of the west coast of the famous American peninsula.

Location of Tampa, Florida

Tampa is located in west-central Florida. The city lies on the shore of a large natural bay called Tampa Bay, which stretches about 55 kilometers into the interior of the Florida Peninsula. The bay is 8 to 16 kilometers wide for most of its length.

The region located in the Tampa Bay area is called the Tampa Bay Area. The Tampa Bay Area consists of three major cities: Tampa, Clearwater, Saint Petersburg, and dozens of towns with populations ranging from 10,000 to 100,000. The Tampa-Clearwater-Saint Petersburg metropolitan area is home to about 4 million people. The city of Tampa itself has been home to 352,000 residents in recent years and its population constantly increases.

Real estate in Tampa, Florida

Nowadays Tampa has a population of about half a million people, and the housing market is diverse in its real estate offerings. You can find cozy apartments close to the park and compact studios overlooking the riverfront, as well as detached houses with a small private area.

Popular neighborhoods in Tampa, Florida

The most prestigious properties in Tampa are located in the central part of the city. These are the following neighborhoods:

–       Hyde Park is Tampa’s historic district along the left bank of the Hillsborough River, where many citrus trees grew. Luxury mansions of American bankers and businessmen sprang up here.

The prosperity of the area lasted until the Great Depression of 1929. Hyde Park gained its second breath in the 1980s. Today it’s a neighborhood with the most upscale real estate in Tampa, known as SoHo. The cost of real estate here ranges on average from $350,000 on the outskirts of the area to $1,900,000 in the most prestigious location Hyde Park.

–       Downtown Tampa is Tampa’s business district with many museums, concert halls, hotel complexes and Downtown Tampa’s Skyline high-rises.

The Hillsborough Riverfront, which runs through the city, is a favorite location for Tampa residents and visitors. The busiest entertainment venues are located here: restaurants, clubs, and bars. Real estate in Downtown Tampa is represented by apartments, condos, and premium homes. The most affordable options are in the segment of residential complexes under construction. Here the price for a one-bedroom, one-bathroom apartment starts at $410,000. You can also consider the houses at the stage of shelling. The cost of such residential property depends on the location and square footage and averages between $250,000 and $300,000.

–       Ybor City is a historic neighborhood in Downtown Tampa known for its many vintage salons.

It is named for a major tobacco manufacturer. From the late 19th century until the mid-1930s of the 20th century, the area was home to a large number of cigar factories. Most of the properties on display in Ybor City are in the Ybor Heights neighborhood. This community is adjacent to the historic downtown Ybor City neighborhood. Home prices here range from $310,000 to $970,000.

The outcomes

The white sands of the beaches and the magnificent golf courses that attract fans of the sport from all over the world are the distinctive features of Tampa in Florida. The benefits of the region become even more vivid when they are observed from your own home. Visit Florida.Realestate and select a suitable housing unit at an affordable price.