Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$375,501−0.9% YoY · prices are falling
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 26% have cut their price
Income needed to buy, per year$81,401About 1.0× the local median income ($84,691): affordable for a typical household
Days on market72 daysAbout the same pace as a year ago
Next 12 months−1.7%Zillow expects prices to dip slightly
The typical home in Hillsborough County, FL is worth $375,501, down 0.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $357,675, so the area is 5.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 72 days to sell, listings are down 1% from a year ago, 26% of listings have had a price cut. Zillow expects prices to fall about 1.7% over the next year. A household needs about $81,401 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,691. Typical rent is $1,978 a month, or $2,375 for a house. In the latest IRS figures, 1,186 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$375,501
Change in 1 year
−0.9%
Overvalued %
+5.0%
Show 7 more
Fair home value
$357,675
Change in 5 years
+18.6%
Zillow forecast, next 12 months
−1.7%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$2,035
Income needed to afford it
$81,401
Property tax rate
0.81%
Rent and investing
Typical rent
$1,978
Typical rent for houses
$2,375
Price-to-rent ratio
15.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,917
Gross rental yield
6.32%
Cap rate (estimate)
4.11%
Market activity
Listings vs a year ago
−0.9%
Days on market
72
Listings with a price cut
26.5%
Show 3 more
Homes for sale
6,314
Pending sales per 100 listings
27
Asking price per sq ft
$230
People and jobs
Median household income
$84,691
Population change (1 year)
+0.2%
Unemployment rate
4.5%
Show 4 more
Population
1,574,115
Income adjusted for cost of living
$83,936
Net moves in (IRS)
−1,186
Cost of living (US = 100)
100.9
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
98.8
Unhealthy air days a year
2
Show 4 more
Flood risk score
97.8
Wildfire risk score
95.7
Walkability (1 to 20)
9.9
Road, rail and air noise
54 dB
Questions people ask
Is Hillsborough County, FL overvalued?
Home prices in Hillsborough County, FL are slightly above what local incomes have historically supported: fair value is about $357,675, so the area is 5.0% overvalued.
Is Hillsborough County, FL a buyer's or seller's market?
Hillsborough County, FL is a balanced market, leaning toward buyers: homes take about 72 days to sell, listings are down 1% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Hillsborough County, FL?
Home values in Hillsborough County, FL are down 0.9% over the last year. Zillow's forecast for the next 12 months is −1.7%.
How much do you need to earn to buy a home in Hillsborough County, FL?
A household needs about $81,401 a year to afford the typical home in Hillsborough County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,691.