How Much Has Your Tampa Bay Home Value Has Changed Since 2004?

By MARC TORRENCE (Patch National Staff)

Has your property value increased or decreased since 2004, when housing prices began to bubble only to collapse in 2007? How has your area recovered since then?

Those are the questions The Washington Post set out to answer, not just for the country overall but for individual towns and neighborhoods, a total 19,000 U.S. zip codes.

The results: One of the more impressive and useful interactive maps you'll ever use.

Post staffers Ted Mellnik, Darla Cameron, Denise Lu,Emily Badger and Kat Downs used data from Black Knight Financial Services to compare home prices from 2004, just as real estate prices started to skyrocket, to 2015.

The data does not account for inflation but does correct for foreclosures and distressed sales to better reflect home values, the Post said.

In Brooklyn, New York, for example, home prices have increased by 146 percent since 2004. But in Decatur, Georgia, a suburb outside of Atlanta, prices are down 25 percent.

In the Tampa Bay area, some communities have fared better than others. The analysis showed that home values are up by about 20 percent in the Dunedin area, but homeowners in the New Port Richey area have mostly seen values decline. The 34652 ZIP code, for example, is down 16 percent. Nearby, 34655, however, is up 3 percent. Tampa has seen a similar mixed bag of home values. The 33629 ZIP code is up 30 percent, according to the Post’s analysis, but those in the 33610 ZIP code have seen their values drop by about 11 percent.

Click here and simply punch in your zip code to find out your home's worth last year compared to 2004.

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