Cap Rate in Tampa, FL

2026 Market Overview for Real Estate Investors

Avg Cap Rate

5.5%

#34 of 50 markets

Median Home Price

$350,000

Purchase price

Median Monthly Rent

$1,750

$21,000/yr gross

Rent-to-Price Ratio

0.50%

Moderate

Cap Rate Rating

Moderate

Typical for stable markets with moderate growth potential. Balanced risk-return profile.

Market Snapshot

Population	403,364
5-Year Population Growth	+9.0%
Median Household Income	$58,000
Vacancy Rate	5.5%
Property Tax Rate	0.86%($3,010/yr)

Investor Takeaway

Tampa is a top Sun Belt migration destination with strong rent growth. No state income tax boosts effective returns, but rising insurance costs are the biggest risk factor for investors.

Quick Math

Estimated annual numbers for a median-priced property in Tampa, FL before financing:

Annual Gross Rent$21,000

Less Vacancy (5.5%)($1,155)

Less Property Tax (0.86%)($3,010)

Less Est. Insurance + Maintenance($7,000)

Estimated NOI$9,835

Implied Cap Rate2.8%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.