I have your May 2026 House Rental & Sales Market Update for Tampa Bay & Nationwide.
Hi, I’m Michael Bielon with House2home Properties, with a real estate market update for May 2026.
We manage single family homes in Tampa Bay and we’ll go over the median rents for single family homes, eviction filings, the sales market and interest rates.
We’ll Start with the Rental Numbers from the MLS.
This is for Houses in Tampa Bay, which will be Hillsborough & Pinellas Counties:
In May 2026, the Median Rent was $2,600 and the Days on Market was 29 days.
Compared to the previous month, rents have dropped 3.3% and is taking 7 less days to rent a house in Tampa Bay.
Compared to the same time last year, rents have remained the same and is taking 4 days longer to rent a house from a year ago in Tampa Bay.
Here are Zillow’s National Rental Numbers for Houses (for the entire United States).
In May 2026, the National Median Rent was $2,300.
Compared to the previous month, rents have remained the same nationwide.
Compared to the same time last year, rents have dropped 1% nationwide.
In the graph here the blue line is Tampa Bay and the orange line is nationwide, it looks like rents appear to be leveling off, even dropping a little.
This next graph shows the history of the Days on Market for Tampa Bay. The Days on Market appear to be going down now. Houses were sitting for a while and is showing some improvement.
Here are the Number of Eviction Filings in Tampa Bay, this is for Hillsborough & Pinellas Counties.
In May 2026, the number of Evictions Filed in Tampa Bay was 1,371.
Hillsborough County had 974 eviction filings and Pinellas had 397.
There was a 5.4% increase in eviction filings from a month ago and a 4% decrease in eviction filings from a year ago in Tampa Bay.
I included a graph showing the eviction activity throughout the months.
Here is The Lease Renewal Rate for House2Home Properties.
We are renewing 85% of our leases as of last month.
Let’s move on from the rental market to the sales market.
Now for the Sales Numbers From the MLS.
This is for Houses sold in Tampa Bay, which will be Hillsborough & Pinellas Counties:
In May 2026, the Median Sales Price was $449,000. The Days on Market was 33 days and the Month’s Supply of Inventory was 3 Months.
Compared to the previous month, house prices have increased 3.2% and is taking about the same amount of time to sell a home in Tampa Bay.
Compared to the same time last year, house prices have increased 2% and is taking 6 days longer to sell a home from a year ago in Tampa Bay.
Here are Realtor.com’s National Home Sales (this is for the entire United States)
In May 2026, the Median Home Sales List Price was $429,500, that’s a 2.4% decrease from the previous year.
The Days on Market was 52 days, that’s 1 day longer to sell a home from the previous year.
And the number of new sales listings increased 2.1% from the previous year nationwide.
In the graph here the blue line is Tampa Bay and the orange line is nationwide. Home prices for both Tampa Bay and nationwide appear to be rising slightly each month from the beginning of this year.
Now the National 30 Year Fixed Rate Mortgage (per the St. Louis Fed)
In May 2026, the Mortgage Interest Rate was 6.51%.
From the month prior, the interest rate increased 0.21%, almost a quarter of a point. The previous month’s rate was 6.3%
And from last year, the interest rate decreased 0.38%. The previous year’s rate was 6.89%.
In the graph here it looks like interest rates are rising.
Okay, that’s your monthly market update, I hope you enjoyed this. If you need property management for your house, please reach out to me.
My name is Michael Bielon and I'm always here if you need help with your property.
Thank you for watching.
