I have your June 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 July 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 July 2025, the Median Rent was $2,600, and the Days on Market was 31 days.
Compared to the previous month, rents have gone down 3.7% and is taking 4 days longer to rent a house in Tampa Bay.
Compared to the same time last year, rents have gone up 1% and is taking 6 days longer to rent a house from a year ago in Tampa Bay.
I’d like to add that pricing your rents correctly is important since we’re seeing over 30 days now to rent a house.
Here are Zillow’s National Rental Numbers for Houses (for the entire United States).
In July 2025, the National Median Rent was $2,350.
Compared to the previous month and 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 dropped last month where the national rent leveled off.
This next graph shows the history of the Days on Market for Tampa Bay.
Here are the Number of Eviction Filings in Tampa Bay, this is for Hillsborough & Pinellas Counties.
In July 2025, the number of Evictions Filed in Tampa Bay was 1,649.
Hillsborough County had 1,165 eviction filings and Pinellas had 484.
There was a 11% increase in eviction filings from a month ago and a 8.4% 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 is 84%. We’re still renewing a good percentage 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 July 2025, the Median Sales Price was $435,000. The Days on Market was 35 days and the Month’s Supply of Inventory was 4 Months.
Compared to the previous month, house prices have decreased 2.58% and is taking 7 days longer to sell a home in Tampa Bay.
Compared to the same time last year, house prices have decreased 2.25% and is taking 12 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 July 2025, the Median Home Sales List Price was $439,450, that’s a slight 0.5% increase from the previous year.
The Days on Market was 58 days, that’s 7 days longer to sell a home from the previous year.
And the number of new sales listings increased 7.3% 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 about the same compared to the median sales price nationwide.
Now the National 30 Year Fixed Rate Mortgage (per the St. Louis Fed)
In July 2025, the Mortgage Interest Rate was 6.72%.
From the month prior and from last year, the interest rate has not changed. Both the previous month’s and previous years rate was 6.77%
In the graph here you’ll see a leveling off with interest rates with not much change.
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.
