I have your August 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 August 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 August 2025, the Median Rent was $2,600 and the Days on Market was 31 days.
Compared to the previous month, rents have stayed the same and is taking about the same amount of time to rent a house in Tampa Bay.
Compared to the same time last year, rents have dropped 4% and is taking 4 days longer to rent a house from a year ago in Tampa Bay.
We are really starting to see houses sit on the market in Tampa Bay. Especially homes priced over $2,500. I looked up the average days on market on the MLS and that was 43 days on average now to rent a home.
Oaky here are Zillow’s National Rental Numbers for Houses (for the entire United States).
In August 2025, the National Median Rent was $2,350.
There has been no change at all in rents from last month and last year.
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 and Nationwide has leveled off.
This next graph shows the history of the Days on Market for Tampa Bay has been on the rise and leveling off this month.
Here are the Number of Eviction Filings in Tampa Bay, this is for Hillsborough & Pinellas Counties.
In August 2025, the number of Evictions Filed in Tampa Bay was 1,565.
Hillsborough County had 1,097 eviction filings and Pinellas had 468.
There was a 5% decrease 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.
Our Lease Renewal percentage as of last month remained at 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 August 2025, the Median Sales Price was $429,000. The Days on Market was 41 days and the Month’s Supply of Inventory was 4 Months.
Compared to the previous month, house prices have decreased 1.4% and is taking 6 days longer to sell a home in Tampa Bay.
Compared to the same time last year, house prices have came down 2% and is taking 15 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 August 2025, the Median Home Sales List Price was $429,990, which is no change from the previous year.
The Days on Market was 60 days, that’s 7 days longer to sell a home from the previous year.
And the number of new sales listings increased 20.9% 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 and Nationwide are about even.
Now the National 30 Year Fixed Rate Mortgage (per the St. Louis Fed)
In August 2025, the Mortgage Interest Rate was 6.58%.
From the month prior, the interest rate decreased slightly by 0.14%. The previous month’s rate was 6.72%
And from last year, the interest rate increased slightly by 0.12%. The previous year’s rate was 6.46%.
In the graph here you’ll see not much change happening in 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.
Thank you for watching.
