Buy vs Rent in Tampa, FL (2026)
Median home price $380K · 1BR rent $2,000/mo · Price-to-rent ratio 15.8x.
Median home price
$380K
1BR rent
$2,000/mo
Price-to-rent ratio
15.8x
Verdict
Neutral
Monthly cost of buying — 3 scenarios
30-year mortgage at 7% · Includes property tax, insurance, and maintenance estimates
| 3.5% down (FHA) | 10% down | 20% down (conventional) | |
|---|---|---|---|
| Down payment | $13,300 | $38,000 | $76,000 |
| Mortgage (P&I) | $2,440/mo | $2,275/mo | $2,023/mo |
| Property tax (est.) | $348/mo | $348/mo | $348/mo |
| Insurance (est.) | $158/mo | $158/mo | $158/mo |
| Maintenance (est.) | $317/mo | $317/mo | $317/mo |
| Total monthly cost | $3,263vs rent: +$1,263/mo | $3,098vs rent: +$1,098/mo | $2,846vs rent: +$846/mo |
| Income to qualify | $104,571/yr | $97,500/yr | $86,700/yr |
| Break-even (approx.) | ~1 yrs | ~3 yrs | ~7 yrs |
Tampa housing context
$60K
Median HH income
per year
$86,700
Income needed (20% down)
per year
+$27K
Affordability gap
vs median income
Frequently asked questions
Is it better to buy or rent in Tampa?
Tampa's price-to-rent ratio of 15.8x is in the neutral zone (15-20x). Whether to buy or rent depends on how long you plan to stay, your down payment, and your personal finances.
How much do I need to earn to buy a home in Tampa?
With a median home price of $380K in Tampa, you'd need an annual income of roughly $86,700 to qualify with 20% down (at 7% rate, 28% housing ratio). With 10% down, you'd need about $97,500/year.
Tampa full cost of living breakdownCheaper cities near TampaHow much to retire in TampaCompare mortgage rates
Mortgage at 7% 30-yr fixed · Property tax 1.1% est. · Maintenance 1% est. · Zillow, BLS · Q1 2026 · For general guidance only