Tampa, Florida is a great place to invest in real estate. With its diverse economy, growing population, and abundance of attractions, it's no wonder that the city is becoming increasingly popular with real estate investors. From Hyde Park to Ybor City, there are plenty of neighborhoods to choose from when looking for an investment property. In this article, we'll explore some of the most popular neighborhoods in Tampa for real estate investment.Hyde Park is one of the most sought-after neighborhoods in Tampa.
It's known for its charming historic houses, green streets, and wonderful location in the heart of the city. It's a great place to live for college students, professionals, and young families. You can find all types of real estate in Hyde Park, from luxurious skyscrapers to large mansions, but the prices are high as the area is in high demand. Downtown Tampa and West Riverfront are two other popular neighborhoods for real estate investment. Several Fortune 500 companies are located in the area, such as Publix Supermarkets and the electronics wholesaler Tech Data Corp.
The population of the Petersburg-Clearwater metropolitan area is about 3.2 million, compared to 2.1 million at the beginning of the millennium. Busch Gardens Tampa Bay attracts millions each year, and visitors love the Florida Aquarium, the Museum of Science and Industry, and the Ybor City State Museum. The Salvador Dalí Museum in Saint Petersburg is also a popular attraction, attended by 400,000 people a year to see the creations of the Spanish surrealist. Those who want to take a personality test from the Church of Scientology for fun can head to its world headquarters in Clearwater. Originally inhabited by the towns of Calusa and Timucua, the region later housed Fort Brooke, a military outpost from 1824. Vicente Martínez Ybor introduced cigar manufacturing to the region, and Ybor City became a global center for trade.
Employment growth is expected to be slightly better than the national figure, according to a report which indicates that about two-thirds of new buildings are expected to be single-family homes. This leaves plenty of room for those looking to make a real estate investment in Tampa. MacDill Air Force Base is located in South Tampa, which is “very hot” according to Jeff Waters from Allure Realty. It's an upscale neighborhood with plenty of street parking and it's very hard to find good deals. Hyde Park is nicknamed SoHo because of its location south of Howard Avenue and it's considered “chic” and “modern” by CultureTrip. Hyde Park is very close to South Tampa and it has many attractions such as one of the oldest movie theaters in the country - Tampa Theater from the 1920s - Bayshore Boulevard where you can see dolphins and manatees, and Hyde Park Café nightclub. Seminole Heights is another great neighborhood for real estate investment.
It's much more affordable than South Tampa or Hyde Park and it has plenty of Craftsman, Arts & Crafts, Florida Cracker and Florida Vernacular houses. There aren't as many cars on the road as there are in South Tampa so traffic is a little less jammed. The city's economy is growing which strengthens the labor market and shoring up demand in the local real estate market. Jeff has more than 25 years of experience in all segments of the real estate industry including investment, brokerage, residential, commercial and property management. Tampa Palms has only appeared in recent years separating from New Tampa neighborhood. And it's no surprise that even if all homes don't sell in eight-figure range as those managed by Allure Realty this Florida city on Gulf of Mexico coast has garnered a lot of attention from real estate investors. Nearly half of residents of Tampa metropolitan area rent their homes while some neighborhoods have homes occupied by 80% or more tenants.
Anyway experts are betting on city's future which makes real estate investment in Tampa look promising. The series (a derivative of “Selling Sunset” which highlights Los Angeles) features mostly female and minority team and adds empowerment with drama surrounding sales of multi-million dollar real estate properties in Tampa and generous orders they generate. Hyde Park real estate options range from palatial bayfront mansions on Bayshore Boulevard to luxury apartments in Village. Waters described five neighborhoods in Tampa housing market that offer great possibilities for investing in real estate. In conclusion, Tampa offers plenty of opportunities for real estate investors looking for an investment property. From Hyde Park to Ybor City there are many neighborhoods with different characteristics that can suit any investor's needs. With its growing population and diverse economy it's no wonder that Tampa is becoming increasingly popular with real estate investors.