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Expand chart
Data: Zillow; Map: Sara Wise/Axios

We're living in a whole new world of home values here in Tampa Bay.

What's happening: In the last five years, average home prices in some areas around our area have gone up as much as 210%, according to data from Zillow.

The biggest increases:

  1. Eaton Park in Lakeland: 210.6% from $46,038 to $142,983.
  2. Ybor City and Palmetto Beach in Tampa: 134.6% from $83,048 to $194,826.
  3. Winston in Lakeland: 116.8% from $85,499 to $142,018.
  4. East Tampa: 114.6% from $92,412 to $198,281.
  5. Holiday in Pasco County: 114.4% from $70,705 to $151,603.

The state of play: Much of that growth has happened in the past year, according to Zillow’s latest Market Report for the Tampa metro area.

  • The typical home value is up 17.7% over last May, the ninth-highest increase in the country out of the top 50 metro areas.
  • And no surprises here, home inventory is down 39.3% since last year.
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Go deeper

A housing inventory rebound

Data: National Association of Realtors, FactSet; Chart: Axios Visuals

The number of homes available for sale is rising, which is good news for prospective buyers who have been getting priced out of the market.

Why it matters: Home prices finally started to pull back in July as inventories rose. Prices had been surging over the last year as low mortgage rates and the sudden desire for more space caused housing demand to outstrip new supply.

Updated 7 mins ago - Science

Huge wildfire reaches edge of Sequoia National Park

A plume of smoke and flames rise into the air as the fire burns towards Moro Rock during the KNP Complex fire in the Sequoia National Park near Three Rivers, California, on Saturday. Photo: Patrick T. Fallon/AFP via Getty Images

Firefighters in Sequoia National Park were working into the night after two wildfires merged to reach the Giant Forest Saturday.

Why it matters: This forest contains over 2,000 giant sequoias, including the General Sherman Tree — considered the world's largest by volume. Park officials wrapped the redwoods in foil last week as the Paradise and Colony Fires, now known as the KNP Complex Fire, neared. And officials said early Sunday protection efforts appeared to be working.

45 mins ago - World

Hong Kong holds first "patriots only" elections

Hong Kong Chief Executive Carrie Lam during a news conference last Monday. Photo: Lui Siu Wai/Xinhua via Getty Images

Hong Kong's elections to choose the city's Election Committee members opened to a select group of voters on Sunday, under a new "patriots only" system imposed by China's government.

Why it matters: All candidates running to be members of the electoral college have been "vetted" by Beijing, per Reuters. They will go on to choose the Asian financial hub's next leader, approved by China's government, and some of its legislature.