St. Petersburg, Florida Housing Market Prices
St. Petersburg Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 23% above the Florida median$384,432
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Median rent 1% below the Florida median$1,649
Housing Market Overview
| Metric | St. Petersburg | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $384,432 | $311,338 | $248,835 |
| Price Trend (Annual %) | 23.6% | 11.2% | 7.5% |
| Median Gross Rent | $1,649 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 7.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Petersburg is about 23% higher than in Florida. Rent is about 1% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in St. Petersburg, up about 23.6% and 7.2% a year respectively. Home prices are changing faster.
Median rent in St. Petersburg rose about 79.5% between 2015 and 2024, from $918 to $1,649. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in St. Petersburg.
Buying the median-priced home in St. Petersburg costs roughly 19.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in St. Petersburg. The price-to-rent ratio in Florida is about 15.6.
| Metric | St. Petersburg | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $384,432 | $311,338 | $248,835 |
| Median Household Income | $75,015 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in St. Petersburg rose about 400.1%, while median household income rose about 65.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | St. Petersburg | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.6% | 57.7% | 58.5% |
| Rental Rate | 30.5% | 27.7% | 31.2% |
| Vacancy Rate | 16.0% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
St. Petersburg has a homeownership rate of 53.6%, lower than the Florida average of 57.7%. Its housing vacancy rate is 16.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | St. Petersburg | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1969 | 1988 | 1978 |
| Median Number of Rooms | 4.8 | 5.2 | 5.5 |
The typical housing unit in St. Petersburg was built around 1969. On average, 2.1 people live in a home with about 4.8 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Petersburg, Florida.
What is the median home price in St. Petersburg, Florida?
The median home price in St. Petersburg, Florida is $384,432, higher than the Florida average of $311,338.
What is the average home price in St. Petersburg, Florida?
The typical home price in St. Petersburg, Florida, reported as the median sale price, is $384,432. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in St. Petersburg, Florida?
The median gross rent in St. Petersburg, Florida is $1,649 per month, lower than the Florida average of $1,668.
What was the median gross rent in St. Petersburg in 2020?
In 2020, the median gross rent in St. Petersburg, Florida was $1,159 per month.
What is the price-to-rent ratio in St. Petersburg, Florida?
The price-to-rent ratio in St. Petersburg, Florida is about 19.4, meaning it would take roughly 19.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in St. Petersburg.
Are home prices or rent rising faster in St. Petersburg, Florida?
Both home prices and rent are rising in St. Petersburg, up about 23.6% and 7.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Petersburg, Florida?
53.6% of households in St. Petersburg, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in St. Petersburg, Florida?
The housing vacancy rate in St. Petersburg, Florida is 16.0%, higher than the Florida average of 14.6%.
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