Why Some Areas in Tampa Bay Are Still Seeing Price Growth—Even in a Cooling Market

While much of the Tampa Bay housing market is adjusting to higher inventory and longer days on market, some areas—especially in North Tampa and Pasco County—are still seeing price increases. Why? Two big reasons: affordability and lower property taxes.

Here’s what buyers, sellers, and real estate professionals should know.

📈 Why Prices Are Still Rising in North Tampa & Pasco County

Despite a regional cooling in median home prices, affordable suburban pockets like Wesley Chapel, Lutz, and Land O’ Lakes continue to attract steady demand. These communities offer:

• Newer homes at more budget-friendly prices

• Lower property tax rates than Hillsborough or Pinellas

• Master-planned communities with strong amenities

• Easy commutes via I-75 and the Veterans Expressway

  
  

For buyers priced out of central Tampa or St. Pete, these northern suburbs provide an attractive alternative—especially for families looking for more square footage without the downtown price tag.

💰 Lower Property Taxes = Higher Buying Power

In Pasco County, the average property tax rate is significantly lower than in Hillsborough County, allowing buyers to qualify for higher purchase amounts. This tax advantage can mean the difference between buying a starter home and moving up to a newer, larger property.

🏠 What It Means for Buyers and Sellers

For Buyers: If you’re looking for value, the areas just north of Tampa may offer the best balance of affordability, growth potential, and quality of life. But don’t skip the home inspection—many of these homes are in fast-developing zones where builder quality can vary.

For Sellers: If you're located in Pasco County, now might be the right time to list. Rising demand and relatively lower taxes make your home especially appealing to relocating families and first-time buyers.

🔍 Don’t Skip the Inspection—Even in Newer Suburbs

Just because a home is newer doesn’t mean it’s flawless. At Summit Property Inspections, we routinely inspect homes in Pasco and North Tampa communities and uncover issues ranging from poor roof installs to HVAC and electrical shortcuts in newer builds.

📞 Call us today at 727-599-1175 to schedule a pre-purchase or pre-listing inspection anywhere in the Tampa Bay area, including Pasco County.

Summit Property Inspections proudly serves Hillsborough, Pasco, and Pinellas counties. Licensed. Local. Trusted. Since 2018.