New Construction
New construction is most active in Pasco County and southern Hillsborough County, with homes from $300,000 to $520,000 in rapidly developing suburban communities.
Tampa Bay, Florida · New Homes
New homes in Tampa Bay.
Tampa Bay has undergone one of the most significant reputational transformations of any major Florida metro, attracting remote workers, financial firms, and healthcare investment that has compressed available inventory.
New construction is most active in Pasco County and southern Hillsborough County, with homes from $300,000 to $520,000 in rapidly developing suburban communities.
At a glance
Tampa Bay market snapshot
Median Home Price
$380,000
Median Rent
$1,700
Market Trend
Warming
Cost of Living Index
99
Why Tampa Bay
What makes Tampa Bay different
Why People Move Here
No state income tax and MacDill Air Force Base employment and growing financial services sector and Gulf Coast lifestyle and affordability relative to South Florida
Schools
Pasco County Schools serve rapidly growing Wesley Chapel corridor while Hillsborough County Schools covers core Tampa Bay market with over 230,000 students.
Top Neighborhoods
Wesley Chapel, Land O Lakes, Riverview, Brandon, Lithia, Lutz, New Tampa, and Wimauma
Major Employers
Raymond James Financial headquarters in St. Petersburg and TECO Energy in Tampa, BayCare Health System, and MacDill Air Force Base employing over 15,000 military and civilian personnel
Who's building
Top builders active in Tampa Bay
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Common questions
Tampa Bay FAQ
Is Tampa a good place to buy a home?
Tampa offers no Florida income tax and growing financial and healthcare employment and active new construction and Gulf Coast lifestyle access.
What is the median home price in Tampa?
The median home price in Tampa is approximately $380,000 with new construction in Pasco and southern Hillsborough from low $300,000s.
Which Tampa suburbs have the most new construction?
Wesley Chapel, Land O Lakes, Riverview, Wimauma, and Zephyrhills lead Tampa Bay area in new home activity.
Is Tampa good for real estate investors?
Tampa military base presence and growing financial services sector and Gulf Coast short-term rental appeal create diverse investment opportunities.
What is driving Tampa population growth?
MacDill Air Force Base and Raymond James and financial growth and healthcare expansion and no state income tax and migration drive Tampa growth.
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