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St. Petersburg Real Estate Market Overview

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Location and Weather

With its compelling beaches and warm tropical climate, St Petersburg has long been a favorite of Florida retirees and tourists. Located on the west coast of Florida, with Tampa Bay to the east, St. Petersburg is situated on the Pinellas Peninsula in southernmost Pinellas County.

Known for its tropical climate, St. Petersburg has long summers with temperatures in the 90’s and lows in the 70’s. The winters are short and mild, with temperatures in the mid 70’s and low’s in the mid 50’s.

Population, Job Market and Cost of Living

St Petersburg’s population in 2018 was 265,098, with a growth rate of .83%. The job growth has increased by 2.83% over last year and in ten years, is predicted to be 41.95%. The largest employers are Jabil (Manufacturing), Raymond James and HSN, the Home Shopping Network. St. Petersburg's economy has traditionally been fueled by tourism, with more than 4 million visitors flicking to the greater Suncoast area annually. This generates more than $2 billion in direct revenue. The cost of living is moderate, due to St. Petersburg’s real estate market and the availability of affordable housing. It is also a great rental market due to the seasonal tourism.

With its location on the Gulf of Mexico, its beautiful beaches, tropical climate, steady job growth and moderate cost of living, St. Petersburg will continue to attract not only retirees, but families.

Hottest Neighborhoods:

Downtown St. Pete, Old Northeast, Snell Isle, Historic Kenwood

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