Tampa’s housing market plummets 19 spots on Zillow’s hottest housing market list [Video]

An analysis from Zillow found the Tampa region is no longer in the Top 25 hottest housing markets for 2025.

Tampa ranked 29th in the nation for the hottest housing markets in 2025, dropping 19 spots from the same period in 2024.

According to Zillow’s analysis, Tampa’s year-over-year growth in the home value index was down 2.5%. In a boost for home buyers, Zillow found a 7.3% increase in inventory in Tampa compared to pre-pandemic averages.

Tampa’s drop in the hottest housing markets was one of the largest in the nation, following Memphis and Las Vegas. San Francisco tied Tampa’s drop in the list.

Tampa, Jacksonville, and Orlando all dropped in the rankings. The only market in Florida that moved up in the rankings over the last year was Miami.