I have your October 2025 House Rental & Sales Market Update for Tampa Bay & Nationwide.
Hi, I’m Michael Bielon with House2home Properties, with a real estate market update for October 2025.
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 October 2025, the Median Rent was $2,500 and the Days on Market was 39 days.
Compared to the previous month, rents have dropped 1.9% and is taking 5 days longer to rent a house in Tampa Bay.
Compared to the same time last year, rents have dropped 3.66% and is taking 6 days longer to rent a house from a year ago in Tampa Bay. So unless your rents are below market, I would not be raising the rent on lease renewals.
Here are Zillow’s National Rental Numbers for Houses (for the entire United States).
In October 2025, the National Median Rent was $2,295.
Compared to the previous month, rents have gone down slightly 0.22% nationwide.
Compared to the same time last year, rents have stayed the same nationwide.
In the graph here the blue line is Tampa Bay and the orange line is nationwide, you’ll see that the median rent in Tampa Bay is on a downward trend.
This next graph shows the Days on Market for Tampa Bay is on an upward trend.
Here are the Number of Eviction Filings in Tampa Bay, this is for Hillsborough & Pinellas Counties.
In October 2025, the number of Evictions Filed in Tampa Bay was 1,538.
Hillsborough County had 1,086 eviction filings and Pinellas had 452.
There was a 13.64% decrease in eviction filings from a month ago. There were a lot of eviction filings last month. But from a year ago, eviction filings increased 6.51% in Tampa Bay.
I included a graph showing the eviction activity throughout the months.
The Lease Renewal Rate for House2Home Properties.
Our Lease Renewal percentage as of last month is 84%.
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 October 2025, the Median Sales Price was $427,500. The Days on Market was 42 days and the Month’s Supply of Inventory was 4 Months.
Compared to the previous month, house prices have increased just slightly 0.59% and is taking 2 days longer to sell a home in Tampa Bay.
Compared to the same time last year, house prices have decreased 1.88% and is taking 7 days longer to sell a home from a year ago in Tampa Bay.
With 4 months of supply of inventory, this would be more less a Neutral Market in Tampa Bay.
Here are Realtor.com’s National Home Sales (this is for the entire United States)
In October 2025, the Median Home Sales List Price was $424,200, that’s a 0.4% increase from the previous year.
The Days on Market was 63 days, that’s 5 days longer to sell a home from the previous year.
And the number of new sales listings increased 15.3% from the previous year nationwide.
In the graph here the blue line is Tampa Bay and the orange line is nationwide, it looks like the median sales price in Tampa Bay is on the same trend as the median sales price nationwide.
Now the National 30 Year Fixed Rate Mortgage (per the St. Louis Fed)
In October 2025, the Mortgage Interest Rate was 6.19%.
From the month prior, the interest rate decreased just slightly by 0.07%. The previous month’s rate was 6.26% And from last year, the interest rate decreased 0.35%. The previous year’s rate was 6.54%.
In the graph here it appears that mortgage interest rates are on a slight downward trend.
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.
