Question 1

Is it better to buy or rent in Tampa in 2025?

Accepted Answer

Due to the insurance crisis, renting is financially safer for most people. Homeowners insurance premiums have tripled, destroying cash flow for buyers. Renting allows you to avoid the risk of hurricane assessments and massive deductible payouts.

Question 2

Why is insurance so expensive in Tampa?

Accepted Answer

Florida is the most hurricane-prone state. Major insurers have left, forcing buyers onto Citizens Property Insurance (state-backed), which is expensive and has coverage caps. Average premiums for older homes are now $6,000+ per year.

Question 3

What is a CDD fee?

Accepted Answer

A Community Development District (CDD) fee is a tax added to your annual property tax bill to pay for infrastructure in new communities (Westchase, Starkey Ranch). It can add $2,000 - $4,000 per year to your costs.

Tampa: Champa Bay Boom or Hurricane Bust?