I have your May 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 May 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 May 2025, the Median Rent was $2,600 and the Days on Market was 25 days.
Compared to the previous month, rents have gone up 2% and is taking 1 day longer to rent a house in Tampa Bay.
Compared to the same time last year, rents have stayed the same and is taking 2 less days 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 2025, the National Median Rent was $2.325.
Compared to the previous month, rents have gone up 1% nationwide.
Compared to the same time last year, rents have gone down slightly 0.4% 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 higher than the median rent nationwide.
And the days on market in Tampa Bay so far is getting a little lower each month this year.
Here are the Number of Eviction Filings in Tampa Bay, this is for Hillsborough & Pinellas Counties.
In May 2025, the number of Evictions Filed in Tampa Bay was 1,429.
Hillsborough County had 1,021 eviction filings and Pinellas had 408.
There was a 15% increase in eviction filings from a month ago and a 12% decrease in eviction filings from a year ago in Tampa Bay.
I included a graph showing the eviction activity throughout the months.
The Lease Renewal Rate for House2Home Properties.
As of last month, we are holding steady and renewing 84% of our leases.
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 2025, the Median Sales Price was $440,000. The Days on Market was 27 days and the Month’s Supply of Inventory was 4 Months.
Compared to the previous month, house prices have increased 2.3% and is taking 1 less day to sell a home in Tampa Bay.
Compared to the same time last year, house prices have gone down 2.2% and is taking 3 days longer to sell a home from a year ago in Tampa Bay.
Realtor.com’s National Home Sales (this is for the entire United States)
In May 2025, the Median Home Sales List Price was $440,000, that’s relatively flat with just a 0.6% increase from the previous year.
The Days on Market was 51 days, that’s 6 days longer to sell a home from the previous year.
And the number of new sales listings increased 7.2% from the previous year nationwide.
In the graph here the blue line is Tampa Bay and the orange line is nationwide, you’ll see that the median sales price in Tampa Bay is now about even with median sales price nationwide.
The National 30 Year Fixed Rate Mortgage (per the St. Louis Fed)
In May 2025, the Mortgage Interest Rate was 6.86%.
From the month prior, the interest rate remained about the same. The previous month’s rate was 6.83%
And from last year, again the interest rate remained about the same. The previous year’s rate was 6.94%.
In the graph here you’ll see there’s not been much change in the mortgage interest rates.
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.
