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This is Where You Would Be if You Purchased A Home in 1999

Tampa Real Estate Investing Statistics

Why Is Tampa Real Estate Still A Great Investment?

The median price of a home in the Tampa/St. Pete MSA in March 1999 was $89,500.  The median price of a home in the Tampa/St. Pete MSA in July 2011 was $124,000.  This is an increase of 38.5 percent or an average of 3.17 percent per year.*

Stock Market Return

If you invested the same value in the stock market on March 31, 1999 (Dow = 10,006), you would have had on August 19, 2011 (Dow = 10,800) a 0.64 percent yearly gain for a total of 8 percent.

If you purchased stock on its lowest point on September 21, 2001 (Dow = 8235), you would have a gain of 21.5 percent.

Net Return on Home Purchase

If you bought a home for cash in March 1999 and rented it out with $225 per month in net rental income, you would have a return of 23.3 percent.  If you rented it out with a net rental income of $500 per month, your return would be 50.2 percent.

*Source : Florida Assoc. of Realtors Website

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Written by Rae Catanese, Realtor

Licensed Realtor since 2002, Tampa Bay’s own Rae Catanese regularly gives expert advice and insider tips about the Tampa Bay real estate market via her blog, The Tampa Real Estate Insider. If you are thinking of buying or selling a home in the Tampa, St. Petersburg or Clearwater areas-then this blog is for you. I typically post articles once a week. To make sure you don’t miss my newest posts, you can subscribe here! Have a real estate question? Email me here!

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