Hillsborough real estate

Hillsborough

Hillsborough County is the economic engine of the Tampa Bay region — 1.57 million people, a diversified job base anchored by healthcare, financial services, and defense, and a housing market that has stabilized near $390K median after years of pandemic-era appreciation. Whether you are drawn to the walkable urban districts of South Tampa, the suburban family corridors of New Tampa and Westchase, or the rural acreage of Lithia and Wimauma, the county delivers a compelling range at tax rates roughly 30% below Pinellas County.

Median price
$390,000
Tax rate
1.1%
Days on market
48
Cities covered
5

Fit check

Should you consider Hillsborough?

Hillsborough County sits on the eastern shore of Tampa Bay and spans roughly 1,020 square miles from the Hillsborough River through some of Florida's most productive agricultural land. Tampa, the county seat, has transformed over the past decade from a regional outpost into a nationally recognized destination for corporate relocations, professional sports, and arts investment. The 2021 Super Bowl and the Lightning's back-to-back Stanley Cup wins announced to the country what Tampa Bay residents already knew: this is a city on the move. The housing landscape mirrors that ambition. South Tampa neighborhoods like Hyde Park, Davis Islands, and Bayshore Beautiful trade at premiums that reflect walkability, architectural character, and proximity to downtown and the waterfront. Channelside and Water Street Tampa represent the newest urban tier — purpose-built mixed-use districts where condos, hotels, and office towers have risen on formerly industrial blocks adjacent to Amalie Arena. For buyers who want more square footage per dollar, the suburban arc stretching through Carrollwood, New Tampa, Wesley Chapel, and Riverview has absorbed years of demand with master-planned communities, A-rated schools, and direct access to I-75. Outside the urban core, Hillsborough County retains a distinctly Floridian agricultural character. Lithia and Wimauma still hold equestrian properties and working farms. Plant City — separate from the Tampa metro in feel if not in commute — bills itself as the Winter Strawberry Capital of the World and hosts the Florida Strawberry Festival each spring. This mix of urban sophistication and small-town Florida identity is unusual in a county this size. From an investment perspective, Hillsborough has been one of the most watched Florida markets since 2020. The combination of no state income tax, a lower cost of living than comparable metros, and significant infrastructure investment (the I-275/I-4 interchange, the Selmon Expressway, ongoing BRT development) has kept demand elevated even as mortgage rates increased. Active inventory is up roughly 18 percent year-over-year as of spring 2026, giving buyers meaningful negotiating room for the first time since 2019 — particularly in the $350K to $550K range that drives the bulk of transactions.

Cost to own

What buyers should budget for

Property tax rate
1.1%

Market snapshot

How the county is moving

As of May 2026, the Hillsborough County median sale price is approximately $390,000 — essentially flat year-over-year after roughly 0.3% appreciation (source: Redfin county-level data, March 2026 snapshot). Homes are averaging 45 to 52 days on market, up from 38 days at the same point in 2025. Active inventory has grown to approximately 3.8 months of supply, the healthiest buyer-side conditions since pre-pandemic. New construction is a significant share of overall inventory, particularly in outer Hillsborough — Riverview, Brandon, Wimauma, and the Wesley Chapel corridor — where builders including D.R. Horton, Pulte, and Lennar are active with rate buydown incentives and closing cost assistance. South Tampa and Westchase remain seller-advantaged micro-markets with sub-30-day median days on market.

Median sale price
$390,000
YoY price change
0.3%
Days on market
48
New construction
18%

As of 2026-05-21. Redfin county-level data March 2026; Tampa Bay market reports April 2026

Schools

Schools in Hillsborough

Always verify address-specific assignment before writing an offer.

SchoolCityLevelRating
Grady Elementary School

Gifted & Talented, Florida A-rated school, Five Star School

Tampaelementary10/10
Roosevelt Elementary School

Gifted & Talented, Full-day Kindergarten, PreKindergarten

Tampaelementary10/10
Coleman Middle School

Gifted & Talented, Scholar Quest — Advanced Math (HS credit), Scholar Quest — Robotics & Gaming/Simulation (HS credit)

Tampamiddle10/10
Gorrie Elementary School

Gifted & Talented, Gorrie Strings Program (violin / instrumental), PAWS UP enrichment

Tampaelementary10/10
Wilson Middle School

Gifted & Talented, Scholar Quest — Advanced Academics (HS credit), Robotics

Tampamiddle9/10
Dale Mabry Elementary School

Gifted & Talented, Visual Arts, Music & Performance

Tampaelementary9/10
Mabry Elementary School

Gifted & Talented, Uniform policy (red, white, or navy + khaki)

Tampaelementary9/10
Henry B. Plant High School

Advanced Placement (AP) — 33 courses, Cambridge AICE Diploma Programme, Gifted & Talented

Tampahigh8/10
Mitchell Elementary School

Gifted & Talented

Tampaelementary8/10
Plant High School

Advanced Placement (AP) — 33 courses, Cambridge AICE Diploma Programme, Gifted & Talented

Tampahigh8/10
Tampa Bay Technical High School

Academy of Architecture & Environmental Design, Academy of Health Professions, Information Technology — Cybersecurity, Networking, Web Development

Tampahigh5/10
George S. Middleton High School

Engineering (Project Lead the Way), Biomedical Engineering / Biotechnology, Computer Game Design

Tampahigh4/10
Hillsborough High School

International Baccalaureate (IB) Diploma Programme, Advanced Placement (AP), JROTC (Army)

Tampahigh3/10
Graham Elementary School

Gifted & Talented, Title I support programs, Small-class enrichment

Tampaelementary3/10
Seminole Heights Elementary School

Gifted & Talented, AVID College Readiness, Special Education / IEP Support

Tampaelementary3/10
Tampa Heights Elementary Magnet School

Global Leadership Academy (magnet), Model United Nations, Odyssey of the Mind

Tampaelementary3/10

Showing top 16 of 18 schools. See all →

New construction

Builder communities in Hillsborough

55+ living

55+ communities in Hillsborough

News and guides

Recent writing about Hillsborough

FAQ

County questions

What cities are in Hillsborough County?

The major cities and communities in Hillsborough County include Tampa (the county seat), Temple Terrace, Plant City, and the unincorporated communities of Brandon, Riverview, New Tampa, Westchase, Carrollwood, Lutz, and Wimauma. Tampa is by far the largest, with roughly 420,000 residents.

What is Hillsborough County's property tax rate?

The effective property tax rate in Hillsborough County is approximately 1.05% of assessed value, though the combined millage rate varies by municipality. City of Tampa properties carry the highest millage (roughly 19.8 mills), while unincorporated areas run lower. Florida's homestead exemption reduces the assessed value by up to $50,000 for primary residences, and the Save Our Homes cap limits annual assessment increases to 3%.

How does Hillsborough County compare to Pinellas County for real estate?

Hillsborough is larger geographically and has more inventory and new construction options than Pinellas. Median home prices are similar — Hillsborough is near $390K, Pinellas roughly $400K — but Hillsborough offers more suburban and acreage options at lower price-per-square-foot. Pinellas is more coastal and has higher property insurance costs in flood-prone areas. Both counties are strong long-term markets; the choice typically comes down to lifestyle: urban Tampa Bay energy vs. beach-adjacent St. Pete.

Is Hillsborough County a good place to invest in real estate?

Hillsborough has been one of the top domestic migration destinations in the US since 2020. Population growth, major employer diversification (healthcare, finance, defense, tech), and ongoing infrastructure investment support long-term demand. The 2026 market shows more supply than 2021 to 2023, which creates better entry points for investors. Short-term rentals require county permitting and are regulated in certain municipalities; Airbnb-friendly areas include parts of unincorporated county near tourism corridors.

What are the best neighborhoods in Hillsborough County?

That depends on your priorities. For walkability and urban character: Hyde Park, Davis Islands, Channelside, and Water Street Tampa. For top-rated schools and suburban amenities: Westchase, New Tampa, and Carrollwood. For waterfront access: Ballast Point, Bayshore Beautiful, and Harbour Island. For value and land: Lithia, Wimauma, and outer Brandon. We are active across all of these — reach out and we will match your criteria.

Thinking about a home in Hillsborough?

I work across all of Hillsborough. Send your budget, commute, school, or lifestyle priorities and I'll help you narrow the map.