Oct 17, 2024 - Real Estate
Most Tampa Bay housing units are 30-plus years old
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The bulk of Tampa Bay homes were built in the 1980s, according to the latest census data.
By the numbers: Almost 20% of the metro's housing units were built in the 1980s, 7 percentage points higher than the national average that decade.
The big picture: Existing homes aren't getting any younger, and sellers are still feeling the rate-lock effect.
- This opens the window for a remodeling wave, according to the National Association of Home Builders.
Yes, but: Buyers are keen on new builds, given existing supply constraints and (sometimes) better deals to be found.
What we're watching: Energy efficiency, kitchen and bath upgrades, and maximizing utility are among the top renovation trends.