Tampa home prices tripled since 2013

If you bought a nice home in Tampa in 2013 — and it's still a nice home — congratulations. You did better than the stock market, as your home could be worth 205% more than just 10 years ago.

That's the conclusion of Construction Coverage, a construction research firm based in California. Their most recent research indicates that of all big U.S. cities, only Detroit outpaced Tampa's median home valuations. (If that seems odd to you, consider Detroit had a program of tearing down blighted homes to increase value of remaining stock.)

The news arrives as interest rates and U.S. home prices are coming down after the COVID-19 recession and its work-from-home recovery helped drive up housing valuations. That impact is still being felt, especially in Tampa Bay and Florida as a whole. And over the past decade, which has included recoveries from two recessions, U.S. home values grew by more than 100%, says Construction Coverage.