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Rays want $1 billion from Hillsborough, Tampa for new ballpark

That's $400 million more than what the team sought from Pinellas County and St. Petersburg.

News

The <a class="gtmContentClick" data-vars-link-text="Rays" data-vars-click-url="https://www.axios.com/local/tampa-bay/2026/02/05/rays-new-stadium-renderings-hillsborough-college" data-vars-content-id="fbcba576-c5ee-47fa-9718-6cf0977755c7" data-vars-headline="Rays want $1 billion from Hillsborough, Tampa for new ballpark" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2026/02/05/rays-new-stadium-renderings-hillsborough-college" target="_self">Rays</a> are looking for about $1 billion from <a class="gtmContentClick" data-vars-link-text="Hillsborough County" data-vars-click-url="https://www.axios.com/local/tampa-bay/2026/04/01/rays-loom-over-hillsborough-commission-meeting" data-vars-content-id="fbcba576-c5ee-47fa-9718-6cf0977755c7" data-vars-headline="Rays want $1 billion from Hillsborough, Tampa for new ballpark" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2026/04/01/rays-loom-over-hillsborough-commission-meeting" target="_self">Hillsborough County</a> and the City of Tampa to build a new ballpark, according to a working draft of the memorandum of understanding obtained by Axios.Why it matters: That&#x27;s $400 million more than what the team <a class="gtmContentClick" data-vars-link-text="sought from Pinellas County and St. Petersburg" data-vars-click-url="https://www.axios.com/local/tampa-bay/2023/09/20/mlb-rays-new-stadium-deal-st-petersburg" data-vars-content-id="fbcba576-c5ee-47fa-9718-6cf0977755c7" data-vars-headline="Rays want $1 billion from Hillsborough, Tampa for new ballpark" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2023/09/20/mlb-rays-new-stadium-deal-st-petersburg" target="_self">sought from Pinellas County and St. Petersburg</a> — and would be the largest commitment of taxpayer dollars to a sports stadium in the region&#x27;s history.

Country Thunder Florida sells tickets as permits remain unapproved

The December announcement sounded like a dream: Music festival <a class="gtmContentClick" data-vars-link-text="Country Thunder Florida" data-vars-click-url="https://www.axios.com/local/tampa-bay/2025/12/10/country-thunder-florida-2026-lineup" data-vars-content-id="abc24741-7c62-4500-bf2b-c397615b4ee4" data-vars-headline="Country Thunder Florida sells tickets as permits remain unapproved" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2025/12/10/country-thunder-florida-2026-lineup" target="_self">Country Thunder Florida</a> would take place in May &quot;on the iconic sugar-white sands of St. Pete Beach&quot; at the TradeWinds Resort, the news release read.Why it matters: Less than a month out, organizers haven&#x27;t secured the local and state permits needed to hold the festival on the beach, raising questions about whether it will happen as advertised — or at all.

Inside ZooTampa's multimillion-dollar expansion

The nonprofit zoo draws more than a million visitors each year.

ZooTampa&#x27;s expansion may receive a $75 million boost from Hillsborough County&#x27;s <a class="gtmContentClick" data-vars-link-text="half-cent sales tax" data-vars-click-url="https://www.axios.com/local/tampa-bay/2024/09/19/what-hillsboroughs-half-cent-tax-could-fund" data-vars-content-id="97dfc1d4-5348-4dff-b18f-fd1ac18b782f" data-vars-headline="Inside ZooTampa&#x27;s multimillion-dollar expansion" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2024/09/19/what-hillsboroughs-half-cent-tax-could-fund" target="_self">half-cent sales tax</a> — the same pot of money the Rays are <a class="gtmContentClick" data-vars-link-text="hoping to draw from" data-vars-click-url="https://www.axios.com/local/tampa-bay/2026/03/19/can-hillsboroughs-half-cent-tax-fund-a-new-rays-stadium-heres-what-we-know" data-vars-content-id="97dfc1d4-5348-4dff-b18f-fd1ac18b782f" data-vars-headline="Inside ZooTampa&#x27;s multimillion-dollar expansion" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2026/03/19/can-hillsboroughs-half-cent-tax-fund-a-new-rays-stadium-heres-what-we-know" target="_self">hoping to draw from</a> to finance a new ballpark. Why it matters: The nonprofit zoo is an anchor institution in Hillsborough County and draws more than a million visitors each year, but it can&#x27;t enhance and expand its facilities without outside investment.

Events to bring heavy traffic to downtown Tampa this weekend

Concertgoers, soccer fans and wine enthusiasts are all headed downtown this weekend.

No one who has had the misfortune of driving through downtown Tampa needs a reminder that <a class="gtmContentClick" data-vars-link-text="traffic is bad" data-vars-click-url="https://www.axios.com/local/tampa-bay/2026/01/26/report-tampa-drivers-lose-57-hours-per-year-in-rush-hour-traffic" data-vars-content-id="13c565f4-be74-4808-bf0c-bcf97f5a61a1" data-vars-headline="Events to bring heavy traffic to downtown Tampa this weekend" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2026/01/26/report-tampa-drivers-lose-57-hours-per-year-in-rush-hour-traffic" target="_self">traffic is bad</a>. <ul><li>And yet, it keeps finding ways to get worse. This weekend, expect more than a dozen of them. </li></ul>The big picture: Concertgoers, soccer fans and wine enthusiasts are all headed downtown this weekend. So, plan (or suffer) accordingly.

What Tampa Bay homeowners do for a living

STEM and technical workers are most likely to own homes in Tampa Bay.

Money

STEM and technical workers are most likely to <a class="gtmContentClick" data-vars-link-text="own homes" data-vars-click-url="https://www.axios.com/2026/01/19/affordable-homes-metro-income" data-vars-content-id="87044b87-f275-4743-ab8b-1d2e7547c462" data-vars-headline="What Tampa Bay homeowners do for a living" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/19/affordable-homes-metro-income" target="_self">own homes</a> in Tampa Bay, according to a new National Association of Realtors analysis. The big picture: In Tampa Bay, fields like engineering and computer science have outpaced management and business professionals in the share of workers who own homes over the last decade.

HOA fees climb in Florida as more homes list with dues

Roughly 64% of Florida homes listed for sale on Realtor.com in 2025 had HOA dues.

Real Estate

The majority of homes for sale in Florida last year came with <a class="gtmContentClick" data-vars-link-text="homeowners&#x27; association" data-vars-click-url="https://www.axios.com/2025/09/29/condo-hoa-fee-state" data-vars-content-id="9ce57830-8925-45ae-950a-8f380b5715d2" data-vars-headline="HOA fees climb in Florida as more homes list with dues" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/09/29/condo-hoa-fee-state" target="_self">homeowners&#x27; association</a> fees, according to data from <a class="gtmContentClick" data-vars-link-text="Realtor.com" data-vars-click-url="https://www.realtor.com/research/homeowners-associations-2025" data-vars-content-id="9ce57830-8925-45ae-950a-8f380b5715d2" data-vars-headline="HOA fees climb in Florida as more homes list with dues" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.realtor.com/research/homeowners-associations-2025" target="_blank">Realtor.com</a>.Why it matters: The Sunshine State has more homeowner associations than any state except California — and the cost of belonging to one has risen.

Florida homebuyers are scoring deals — but prices remain high

Still-high mortgage rates and home prices have sidelined many shoppers. But those who remain in the market are scoring the biggest deals in years.

The average discount for Tampa metro area <a class="gtmContentClick" data-vars-link-text="homes" data-vars-click-url="https://www.axios.com/2026/01/19/affordable-homes-metro-income" data-vars-content-id="3cc27a5a-d5e1-492e-af79-93885e72426a" data-vars-headline="Florida homebuyers are scoring deals — but prices remain high" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/19/affordable-homes-metro-income" target="_self">homes</a> that sold below their original asking price last year was nearly 10%.<ul><li>That&#x27;s one of the largest discounts among major U.S. cities analyzed in a recent Redfin <a class="gtmContentClick" data-vars-link-text="report" data-vars-click-url="https://www.redfin.com/news/homebuyer-discounts-below-list-price-2025/" data-vars-content-id="3cc27a5a-d5e1-492e-af79-93885e72426a" data-vars-headline="Florida homebuyers are scoring deals — but prices remain high" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/homebuyer-discounts-below-list-price-2025/" target="_blank">report</a>.</li></ul>

Fewer Americans moved to Florida in 2025

The pandemic-era migration boom that transformed Florida's politics and housing market has cratered.

Florida, with its white-sand beaches and year-round sunshine, has long invited people to live where others vacation.<ul><li>But <a class="gtmContentClick" data-vars-link-text="new census data" data-vars-click-url="https://www.census.gov/newsroom/press-releases/2026/population-growth-slows.html#percent" data-vars-content-id="4512ab93-4bc8-492b-addb-da8e73e29e9b" data-vars-headline="Fewer Americans moved to Florida in 2025" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.census.gov/newsroom/press-releases/2026/population-growth-slows.html#percent" target="_blank">new census data</a> suggests that invitation is losing its appeal.</li></ul>Why it matters: The pandemic-era migration boom that <a class="gtmContentClick" data-vars-link-text="transformed" data-vars-click-url="https://www.axios.com/local/tampa-bay/2025/03/17/florida-covid-19-pandemic-five-years-anniversary" data-vars-content-id="4512ab93-4bc8-492b-addb-da8e73e29e9b" data-vars-headline="Fewer Americans moved to Florida in 2025" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2025/03/17/florida-covid-19-pandemic-five-years-anniversary" target="_self">transformed</a> Florida&#x27;s politics and housing market has cratered, as rising costs and repeated natural disasters deter newcomers.

Renting is cheaper than owning in Tampa Bay

Housing costs have soared nationwide, with stubbornly high home prices and mortgage rates weighing on would-be buyers.

Renting is cheaper than <a class="gtmContentClick" data-vars-link-text="owning a home" data-vars-click-url="https://www.axios.com/2026/01/19/affordable-homes-metro-income" data-vars-content-id="5543e75c-36b4-4581-ad57-929d62f1e069" data-vars-headline="Renting is cheaper than owning in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/19/affordable-homes-metro-income" target="_self">owning a home</a> in Tampa Bay, according to a LendingTree <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/" data-vars-content-id="5543e75c-36b4-4581-ad57-929d62f1e069" data-vars-headline="Renting is cheaper than owning in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/" target="_blank">analysis</a>.Why it matters: Housing costs have soared nationwide, with stubbornly high home prices and mortgage rates weighing on <a class="gtmContentClick" data-vars-link-text="would-be buyers" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="5543e75c-36b4-4581-ad57-929d62f1e069" data-vars-headline="Renting is cheaper than owning in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">would-be buyers</a>.

Median earners priced out of Tampa Bay real estate market

Only 11% of Tampa Bay homes on the market are affordable for the typical household.

Only 11% of Tampa Bay homes on the <a class="gtmContentClick" data-vars-link-text="market" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="fe12c661-e101-41f6-b023-ce49b8cd4b2b" data-vars-headline="Median earners priced out of Tampa Bay real estate market" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">market</a> are affordable for the typical household, according to a Bankrate <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.bankrate.com/mortgages/american-dream-of-homeownership-turning-into-luxury/" data-vars-content-id="fe12c661-e101-41f6-b023-ce49b8cd4b2b" data-vars-headline="Median earners priced out of Tampa Bay real estate market" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.bankrate.com/mortgages/american-dream-of-homeownership-turning-into-luxury/" target="_blank">analysis</a>.Why it matters: Prospective homeowners earning a median income are priced out of the local real estate market.

Saving for a down payment takes years in Tampa Bay

Coming up with a down payment is one of the biggest barriers to homeownership.

It took the typical Tampa Bay household nearly seven years to save for a median <a class="gtmContentClick" data-vars-link-text="home" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="082c3ff1-fb11-47ef-a754-32b3473ef796" data-vars-headline="Saving for a down payment takes years in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">home</a> down payment in 2025, according to a <a class="gtmContentClick" data-vars-link-text="Realtor.com" data-vars-click-url="http://realtor.com/" data-vars-content-id="082c3ff1-fb11-47ef-a754-32b3473ef796" data-vars-headline="Saving for a down payment takes years in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="http://realtor.com/" target="_blank">Realtor.com</a><a class="gtmContentClick" data-vars-link-text=" analysis" data-vars-click-url="https://www.realtor.com/research/downpayment-savings-december-2025/" data-vars-content-id="082c3ff1-fb11-47ef-a754-32b3473ef796" data-vars-headline="Saving for a down payment takes years in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.realtor.com/research/downpayment-savings-december-2025/" target="_blank"> analysis</a>.Why it matters: Coming up with a down payment is one of the <a class="gtmContentClick" data-vars-link-text="biggest barriers" data-vars-click-url="https://www.cnbc.com/2025/03/04/homebuyers-are-struggling-to-make-bigger-down-payments.html" data-vars-content-id="082c3ff1-fb11-47ef-a754-32b3473ef796" data-vars-headline="Saving for a down payment takes years in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.cnbc.com/2025/03/04/homebuyers-are-struggling-to-make-bigger-down-payments.html" target="_blank">biggest barriers</a> to <a class="gtmContentClick" data-vars-link-text="homeownership" data-vars-click-url="https://www.axios.com/2025/11/29/stocks-retirement-gen-z" data-vars-content-id="082c3ff1-fb11-47ef-a754-32b3473ef796" data-vars-headline="Saving for a down payment takes years in Tampa Bay" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/11/29/stocks-retirement-gen-z" target="_self">homeownership</a>.

Tampa Bay's home sales hit new low

Fewer homes changed hands in the first nine months of this year.

Some 3.1% of Tampa Bay homes <a class="gtmContentClick" data-vars-link-text="changed hands" data-vars-click-url="https://www.axios.com/2025/11/10/home-sale-contract-cancel" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/11/10/home-sale-contract-cancel" target="_self">changed hands</a> in the first nine months of this year, down from a 3.6% turnover rate a year ago, according to a Redfin <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.redfin.com/news/home-turnover-report-2025/" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/home-turnover-report-2025/" target="_blank">analysis</a>.Why it matters: Nationally, homes are selling &quot;at historically low rates&quot; as <a class="gtmContentClick" data-vars-link-text="costs" data-vars-click-url="https://www.axios.com/2025/06/03/homes-buyers-sellers-redfin" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/06/03/homes-buyers-sellers-redfin" target="_self">costs</a> stay high, <a class="gtmContentClick" data-vars-link-text="homeowners" data-vars-click-url="https://www.axios.com/2025/10/09/housing-population-growth" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/10/09/housing-population-growth" target="_self">homeowners</a> cling to cheaper mortgages, and <a class="gtmContentClick" data-vars-link-text="economic" data-vars-click-url="https://www.axios.com/2025/10/01/stock-market-gdp-inflation" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/10/01/stock-market-gdp-inflation" target="_self">economic</a> uncertainty makes shoppers hesitate, per the real estate site.By the numbers: Some 2.8% of U.S. homes changed hands through September — the lowest turnover rate in at least 30 years.<ul><li>That&#x27;s down a hair from last year, when existing home sales dropped to the lowest level since 1995.</li></ul>Between the lines: <a class="gtmContentClick" data-vars-link-text="Sun Belt" data-vars-click-url="https://www.axios.com/2025/08/01/real-estate-home-prices-nyc-florida" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/08/01/real-estate-home-prices-nyc-florida" target="_self">Sun Belt</a> sales have particularly sagged as the region loses some of its <a class="gtmContentClick" data-vars-link-text="affordability" data-vars-click-url="https://www.axios.com/2025/03/10/covid-home-prices-trends" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/03/10/covid-home-prices-trends" target="_self">affordability</a> and <a class="gtmContentClick" data-vars-link-text="climate risks" data-vars-click-url="https://www.axios.com/2025/10/07/climate-risk-housing-market-real-estate" data-vars-content-id="0622c950-ff5e-429e-8d2f-004b5eba63a4" data-vars-headline="Tampa Bay&#x27;s home sales hit new low" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/10/07/climate-risk-housing-market-real-estate" target="_self">climate risks</a> grow.The bottom line: &quot;America&#x27;s housing market is defined right now by caution,&quot; said Chen Zhao, Redfin&#x27;s head of economics research, in the report.

St. Pete's 100-year-old "cake house" for sale

It was designed by the architect behind Dunedin's Fenway Hotel.

A 100-year-old home designed by the same architect as <a class="gtmContentClick" data-vars-link-text="Dunedin" data-vars-click-url="https://www.axios.com/local/tampa-bay/2023/10/01/dunedin-things-to-do-eat-drink-bars" data-vars-content-id="ed6a48f0-ecbd-4942-8472-18649f12944a" data-vars-headline="St. Pete&#x27;s 100-year-old &quot;cake house&quot; for sale" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2023/10/01/dunedin-things-to-do-eat-drink-bars" target="_self">Dunedin</a>&#x27;s <a class="gtmContentClick" data-vars-link-text="Fenway Hotel" data-vars-click-url="https://www.fenwayhotel.com/" data-vars-content-id="ed6a48f0-ecbd-4942-8472-18649f12944a" data-vars-headline="St. Pete&#x27;s 100-year-old &quot;cake house&quot; for sale" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.fenwayhotel.com/" target="_blank">Fenway Hotel</a> has hit the market for $2.15 million.Fun fact: The Mediterranean-style charmer in St. Pete&#x27;s Old Northeast neighborhood is known as the &quot;cake house&quot; or &quot;<a class="gtmContentClick" data-vars-link-text="wedding cake house" data-vars-click-url="https://www.cltampa.com/news/the-historic-wedding-cake-house-built-by-the-fenway-hotel-architect-he-wendell-is-now-for-sale-19523273/" data-vars-content-id="ed6a48f0-ecbd-4942-8472-18649f12944a" data-vars-headline="St. Pete&#x27;s 100-year-old &quot;cake house&quot; for sale" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.cltampa.com/news/the-historic-wedding-cake-house-built-by-the-fenway-hotel-architect-he-wendell-is-now-for-sale-19523273/" target="_blank">wedding cake house</a>&quot; because of its stucco and trim reminiscent of frosting.<ul><li>It was designed by architect Herman Everett Wendell.</li></ul>State of play: The two-story home has five bedrooms and four bathrooms and spans just under 3,500 square feet, per its <a class="gtmContentClick" data-vars-link-text="listing" data-vars-click-url="https://www.premiersothebysrealty.com/website/MFR/TB8437792" data-vars-content-id="ed6a48f0-ecbd-4942-8472-18649f12944a" data-vars-headline="St. Pete&#x27;s 100-year-old &quot;cake house&quot; for sale" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.premiersothebysrealty.com/website/MFR/TB8437792" target="_blank">listing</a>.<ul><li>The interior features refinished original hardwood floors, an updated kitchen, and a master suite with dual vanities and a California closet system while the backyard includes a courtyard and wood-fired kitchen.</li></ul><figure><img alt="Bright kitchen with dark granite countertops, wooden cabinets, stainless steel appliances, hanging pots, and beige tiled floor. Large windows with wooden blinds let in sunlight." height="4000" id="f9996b78-a3cc-4b9a-9a83-ba0f8487d956" src="https://images.axios.com/M0-eEQWbSDrFli449lc5x9Hzmm0=/2025/10/20/1760993618385.jpeg" width="6000"/><figcaption>Photo: Blake Yeager</figcaption></figure><figure><img alt="Bright living room with white walls, brown leather couch, two white armchairs, wooden coffee tables, large windows with blinds, white brick fireplace, and horse painting above mantel." height="4000" id="c22463b8-7872-459b-94a7-75726e17e50a" src="https://images.axios.com/p3bVzpqAldUqKOTLv0AfNfwS1B4=/2025/10/20/1760993732772.jpeg" width="6000"/><figcaption>Photo: Blake Yeager</figcaption></figure><figure><img alt="Modern bathroom with dark wood vanity, white marble countertop and backsplash, two rectangular mirrors, gold fixtures, glass shower with marble tiles, and mosaic tile floor." height="4000" id="c6214726-eb8d-43e7-8036-77203ad06cc2" src="https://images.axios.com/h_cHBCtT2NMj23X4MfHzD3kz8KA=/2025/10/20/1760993687915.jpeg" width="6000"/><figcaption>Photo: Blake Yeager</figcaption></figure><figure><img alt="Outdoor patio with brick flooring, black wicker sectional seating, small black table, green potted plants, tall trees, and a brick pizza oven attached to a green textured house under a blue sky." height="4000" id="66a7e971-fb1e-411a-afaf-9e4b43dec15b" src="https://images.axios.com/3vZ3lZ7IbFrajSnbUHiZxthdeH4=/2025/10/20/1760993802086.jpeg" width="6000"/><figcaption>Photo: Blake Yeager</figcaption></figure>

Florida homes sit on the market for months

Homes are generally selling slower in the South than they are in the Midwest and Northeast.

Homes in Florida spent a median of 79 days on the market before going under contract in August, according to Redfin data.The big picture: The national median is 49 days.

A map shows the share of homes listed for sale in 2025 that included HOA fees, by state. On average, 43.6% of listings included HOA fees. The states where HOA fees were most often included were Nevada (68%), Arizona (65%) and Florida (65%).

Share of homes listed for sale with HOA fees, 2025

Data: Realtor.com; Map: Jacque Schrag/Axios

A bar chart showing the average price difference among homes that sold below their original list price. On average, homes sold for 7.8% less than asking. Homes in West Palm Beach, Fla, Detroit and Fort Lauderdale, Fla. went for 10-11% below asking. Homes in the Seattle metro area went for 5.7% below asking.

Price difference among homes that sold below asking

A chart showing the monthly median cost to rent or own by metro area in 2024 among the 100 largest metros. In all metro areas, it was cheaper to rent than it was to own a home. The national average rent price was $1,487 compared to $2,035 to own. In the Tampa Bay metro, the median rental cost was $1,776 compared to $2,143 to own.

Monthly median cost to rent or own by metro area

Data: LendingTree analysis of U.S. Census Bureau data; Note: Monthly costs include utilities, fees, and/or taxes; Median housing costs above $4,000 are recorded as "$4,000+" by the Census Bureau; Chart: Jacque Schrag/Axios

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