Philadelphia - PA vs Tampa - FL: 2026 Housing Comparison

What this means for buyers

Philadelphia - PA is roughly 8% more expensive than Tampa - FL in typical home value. Homes sit on market longer in Tampa - FL (41 days vs 15), suggesting more buyer leverage there. Tampa - FL sees more listings with price cuts (31.3% vs 26.3%), a sign of softening seller expectations.

Philadelphia vs Tampa: what the numbers say

At today's 7.24% average 30-year rate with 20% down, the typical home would cost about $2,105 a month in principal and interest in Philadelphia and $1,946 in Tampa, a gap of $159 a month.

Typical rent runs $1,903 in Philadelphia and $1,991 in Tampa, so the mortgage payment alone is 1.1 times rent in Philadelphia and 1.0 times rent in Tampa, before taxes and insurance.

Home prices are 16.9 years of rent in Philadelphia and 14.9 in Tampa; the lower ratio in Tampa means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +5.4% in Philadelphia and -6.8% in Tampa; over just the last three months the change was +0.7% in Philadelphia and -0.0% in Tampa.

Homes sell for 100.1% of list price in Philadelphia and 97.0% in Tampa, after 15 and 41 days on the market, with price cuts on 26% and 31% of listings. All three signs point the same way: buyers have more room to negotiate in Tampa.

The number of homes for sale is up 9% on a year ago in Philadelphia and down 7% on a year ago in Tampa.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-29), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.