Tarpon Springs, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,119
Monthly Cash Flow
-$314
Principal + Equity
$2,414
Annual Total Gain
$25,194
Cash on Cash
-3.86%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in Florida
#134out of 660 markets
Best Suburbs for Young Professionals in Florida
#120out of 380 markets
Suburbs with the Lowest Cost of Living in Florida
#164out of 380 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Tarpon Springs, FL.
In Tarpon Springs, FL, Short Term Rental (STR) regulations are governed by the city's Land Development Code. Investors should be aware of the following regulations before purchasing a property for short term rental purposes:
1. Registration and Licensing: Property owners must obtain a business tax receipt and register their property with the city in order to operate as a short term rental. This registration process may include providing proof of insurance, safety inspections, and compliance with zoning regulations.
2. Zoning Restrictions: Tarpon Springs has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy Limits: The city may have occupancy limits in place for short term rentals, which dictate the maximum number of guests allowed to stay on the property at any given time. Investors should be aware of these limits and ensure they are compliant with them.
4. Noise and Nuisance Regulations: Tarpon Springs may have noise and nuisance regulations in place that govern the behavior of guests staying in short term rentals. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: Property owners operating short term rentals in Tarpon Springs may be subject to local tourism development taxes and sales taxes. Investors should be aware of these tax obligations and ensure they are compliant with them.
By being aware of and compliant with these regulations, investors can mitigate risks and ensure a successful investment in the Tarpon Springs short term rental market. It is recommended that investors consult with a local real estate attorney or property management company familiar with the regulations in Tarpon Springs before making a purchase.
Market Trends Over Time
Explore 25 years of market data for Tarpon Springs, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Tarpon Springs, FL.
The LTR Genie Score of Tarpon Springs, FL is 66, indicating a high level of rentability for long-term rental properties in the area. The STR Genie Score is slightly lower at 60, suggesting that short-term rental properties may not be as lucrative as long-term rentals in this market. The LTR Net ROI of 25.8% and STR Net ROI of 24.89% both demonstrate strong potential for return on investment. Additionally, the 1-Year Price Appreciation Forecast of 0.55% indicates a stable market with potential for growth.
Tarpon Springs, FL is known for its historic sponge docks, Greek culture, and waterfront attractions, making it a popular destination for tourists and potential renters. With a high LTR Genie Score and solid metrics across the board, Tarpon Springs appears to be a promising market for long-term rental investment. However, investors should carefully consider the slightly lower STR Genie Score and occupancy rate when evaluating short-term rental opportunities in the area. Overall, Tarpon Springs, FL presents a favorable environment for long-term rental investment, with potential for steady income and ROI.
LTR Genie Score 93
$169,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,007 sqft.🏠 CONDO
90 S Highland Ave APT 1414, Tarpon Springs, FL 34689