Hillsborough County Multifamily Market Report, H1 2026

Hillsborough County Multifamily Market Report, H1 2026

In the first half of 2026, Hillsborough County recorded 19 qualified multifamily sales totaling $133.3M across 783 units. The median price per unit was $215,000 and the median price per square foot was $248.

  • $133.28MH1 2026 Total Volume
  • 19 / 783H1 2026 Sales / Units
  • $215,000H1 2026 Median $/Unit
  • $248H1 2026 Median $/SF

Key figures

Quarter Sales Volume Median Price Median $/Unit Median $/SF
Q1 2026 7 $44.6M $1,500,000 $195,000 $248
Q2 2026 12 $88.7M $908,200 $218,125 $244

Two institutional trades of $10M+ delivered $103.9M, roughly 78% of volume: the $67.5M Heart of Palms sale in Tampa (379 units) and the $36.4M Summit West sale in Temple Terrace (269 units). Excluding them, the remaining 17 sales totaled $29.38M at a median $221,250 per unit.

Volume by property type

Property type Volume Share of H1
Apts 50+ Units $103.9M 78.0%
Apts 10-49 Units $16.2M 12.2%
Duplex-Fourplex $13.1M 9.9%

Volume by submarket

Submarket Volume Share of H1
Tampa $92.0M 69.1%
Temple Terrace $36.4M 27.3%
Plant City $1.50M 1.1%
Thonotosassa $1.29M 1.0%
Brandon $1.29M 1.0%
Apollo Beach $0.77M 0.6%

How this data was compiled

Qualified arm’s-length sales of improved multifamily assets at $750,000 and above, per Hillsborough County Property Appraiser records. Quarters before 2026 are compiled from county parcel records of each property’s most recent sale and may modestly undercount earlier periods. Institutional transactions are defined as sales of $10 million and above. Figures are compiled by Verdad Commercial Real Estate Services from county property appraiser records and are current as of the H1 2026 reporting period.

Full report with the complete sales log. The detailed Hillsborough Multifamily report includes every qualified transaction for the period with addresses, buyers, sellers, dates, unit counts and pricing, plus size class and vintage analysis. Download the full Hillsborough County Multifamily H1 2026 report.

About this research

Verdad Commercial Real Estate Services is a commercial brokerage in Clearwater, Florida, covering retail and multifamily investment sales, leasing and property management across Tampa Bay. We publish quarterly sales research for Pinellas, Hillsborough and Polk counties. See the full sales report library and live market dashboard, or contact our team at (727) 625-4725.

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