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Home Affordability Calculator Tampa, FL — 2026
Median home price in Tampa: $370,000. At 6.5% on a 30-year loan with 20% down, the estimated total monthly payment (PITI) is $2,343 — requiring $100,414/year in gross income. Enter your income below for a personalised estimate.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$370,000
Income needed (annual)
$100,414
Est. monthly PITI
$2,343
Property tax/month
$333
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How much house can you afford in Tampa at your salary?
Maximum home price at each income level: 6.5% rate, 30-year term, 20% down payment, no existing debt. Property tax (1.08%) and insurance (0.45%) included in the 28% front-end DTI budget.
| Annual income | Max home price | Max monthly budget | Affords Tampa median? |
|---|---|---|---|
| $50,000 | $184,255 | $1,167/mo | ✗ No |
| $75,000 | $276,383 | $1,750/mo | ✗ No |
| $100,000 | $368,510 | $2,333/mo | ✗ No |
| $125,000 | $460,638 | $2,917/mo | ✓ Yes |
| $150,000 | $552,765 | $3,500/mo | ✓ Yes |
| $175,000 | $644,893 | $4,083/mo | ✓ Yes |
| $200,000 | $737,021 | $4,667/mo | ✓ Yes |
Assumes 20% down, 6.5% rate, 30-year term, zero existing monthly debt. Property tax at 1.08% effective rate; insurance estimated at 0.45% annually. PMI required below 20% down — not included here.
Monthly payment breakdown on the median Tampa home
$370,000 purchase price with 20% down ($74,000) at 6.5% on a 30-year loan.
Principal & interest (30yr)
$1,871/month on a $296,000 loan at 6.5% over 30 years. Total interest paid over the life of the loan: $377,560.
Property tax (1.08% effective rate)
$333/month ($3,996/year). Hillsborough County's effective property tax rate of approximately 1.08% is near the national average. As with all Florida coastal markets, homeowners insurance is a critical cost variable that must be quoted before committing to a purchase — premiums vary dramatically based on distance from water and flood zone designation.
Homeowners insurance (est.)
$139/month estimated at 0.45% of home value annually. Rates vary significantly by coverage level, age of home, and local risk factors — always get quotes before closing.
Total PITI (monthly)
$2,343/month estimated. Income needed to keep this under 28% of gross monthly income: $100,414/year. Florida has no state income tax — a meaningful take-home pay advantage.
Tampa housing market 2026
Tampa has been one of the fastest-growing Florida housing markets, driven by financial services, healthcare, and tech company relocations from the Northeast. South Tampa, Hyde Park, and Channelside command premiums; Brandon and Wesley Chapel are primary suburban growth areas. Homeowners insurance costs have risen sharply in the post-Hurricane Ian environment.
Key numbers for Tampa buyers
- Median home price: $370,000 (2026 estimate)
- 20% down payment: $74,000
- Loan amount (80% LTV): $296,000
- Monthly P&I at 6.5% / 30yr: $1,871
- Monthly P&I at 6.5% / 15yr: $2,578
- Est. PITI (P&I + tax + insurance): $2,343/month
- Income needed (28% front-end DTI): $100,414/year
- State income tax: None — meaningful take-home pay advantage
Compare home affordability by city
📍 Los Angeles, CA
Median $900,000 · income needed $244,543/yr · 1.09% tax
📍 Chicago, IL
Median $330,000 · income needed $101,614/yr · 2.1% tax
📍 Houston, TX
Median $290,000 · income needed $89,143/yr · 2.09% tax
📍 Phoenix, AZ
Median $400,000 · income needed $102,429/yr · 0.65% tax
📍 Miami, FL
Median $580,000 · income needed $155,143/yr · 0.97% tax
📍 Seattle, WA
Median $740,000 · income needed $195,257/yr · 0.87% tax
📍 Denver, CO
Median $560,000 · income needed $141,171/yr · 0.54% tax
📍 Austin, TX
Median $525,000 · income needed $161,614/yr · 2.1% tax
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Home affordability Tampa — frequently asked questions
How much house can I afford in Tampa?
On a $100,000 annual income with no other debt, 20% down, and a 6.5% 30-year mortgage, you can afford approximately $368,510 in Tampa. The median home price in Tampa is $370,000, which requires approximately $100,414/year in gross income using the 28% front-end DTI rule (principal, interest, property tax, and insurance all within 28% of gross monthly income).
What income do I need to buy a home in Tampa?
To afford Tampa's median home price of $370,000 at 6.5% on a 30-year loan with 20% down, you need approximately $100,414/year in gross income. This assumes the full PITI payment of $2,343/month (P&I $1,871 + property tax $333 + insurance $139) stays within 28% of gross monthly income. Existing debts reduce this buying power further.
What is the median home price in Tampa in 2026?
The estimated median home price in Tampa in 2026 is approximately $370,000. This varies significantly by neighbourhood — enter the specific purchase price you are evaluating in the calculator above for a personalised estimate.
What are property taxes in Tampa?
Tampa, FL's effective property tax rate is approximately 1.08%. On a $370,000 home, that is roughly $333/month or $3,996/year in property taxes. Hillsborough County's effective property tax rate of approximately 1.08% is near the national average. As with all Florida coastal markets, homeowners insurance is a critical cost variable that must be quoted before committing to a purchase — premiums vary dramatically based on distance from water and flood zone designation.
Is Tampa affordable to buy in 2026?
Tampa's median home price of $370,000 requires an annual gross income of approximately $100,414 to qualify under the 28% front-end DTI rule at 6.5% with 20% down. The estimated total monthly payment (PITI) is $2,343/month. Tampa has been one of the fastest-growing Florida housing markets, driven by financial services, healthcare, and tech company relocations from the Northeast.