Rent to Own Homes in Tampa, FL: What You Need to Know
It seems like everyone is moving to Tampa, and it’s easy to see why. With sunny-weather year-round and new festivals seemingly every-day, Tampa is an idyllic location. The job market is plentiful and there are excellent suburbs for those interested in starting a family.
Plentiful Job Opportunities
Tampa has one of the hottest job markets in the nation. Their top three industries are financial and professional services, manufacturing, distribution, and logistics, and life sciences and healthcare. Last year, seven companies with headquarters in Tampa Bay made the Fortune 500 list. The average salary of a Tampa resident is $67k. As of December 2019, the unemployment rate was 2.7%.
Tampa’s Weather and Climate
Tampa’s climate can be best described as humid and subtropical. Summers are notoriously hot and humid, with frequent thunderstorms. The typical peak temperature is 91°F. The lowest, average winter temperature is around 52°F. The “wet season” lasts from May to October. These months often suffer from extreme hurricanes and tropical storms.
The Local Population
Roughly 400,000 residents call Tampa home, growing 2.58% each year. 28.2% of the population is comprised of people under the age of 18, indicating a high population of families. 65% of residents are Caucasian, whereas 24% are African American. The median age in Tampa is 35. The majority of people here speak English, however, the second most-spoken language is Spanish; 18% of the population identified Spanish as their main language.
Things to Do in Tampa
Whether you live in Tampa or are just visiting, there is plenty to do. The Big Cat Rescue is a non-profit that hosts several species of big cats, all of whom have, in the past, suffered abuse or abandonment. Big Cat Rescue cares for and rehabilitates these animals while allowing visitors to take a controlled tour of the sanctuary. All tours must be booked in advance.
For any film-buff, the Tampa Theatre is a must. This theatre is a glamorous blend of various architectures, giving off an air of another, more magical time. Foreign and classic films are often played here, along with modern releases.
Know Your Neighborhoods
When looking to rent to own in Tampa, one must consider the excellent neighborhoods available.
Harbour Island is home to nearly 4,000 residents. Thought of as one of the best neighborhoods in the state, Harbour Island is an urban environment popular among young professionals. The median home value is $358,000 and just over half the residents own their homes. The median rent is $1,798.
Another Florida favorite, Spanishtown is home to just over 1,000 residents. Young professionals are drawn here for the urban environment full of amenities. The median home value is $490,000 and just over half the residents own their homes. The median rent is $1,755.
Carver City/Lincoln Gardens is also a popular Florida neighborhood located in Tampa. 2,000 residents enjoy an urban setting and above-average public schools. The median home value is $135,000. The median rent is $1,680 and the majority of residents rent their homes.