Renting is cheaper than owning a home in Tampa Bay, according to a LendingTree analysis.
Why it matters: Housing costs have soared nationwide, with stubbornly high home prices and mortgage rates weighing on would-be buyers.
By the numbers: Tampa Bay’s median monthly gross rent was $1,776 in 2024, based on the latest available census data, compared to over $2,143 a month for mortgaged homes.
- That’s 20% more each month than renting, including utilities, fees and taxes.
Yes, but: Home prices across the region fell last year in a trend that’s likely to continue…