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St. Petersburg Real Estate Market Overview

Average Monthly Rent:

$1,770

Percentage Change in Home Price/Value:

46.1%

Median Home Value:

$715,000

Best Time To Sell Home:

May

Affordability Index:

126

Days To Sell House:

53

Job Market:

Fair

Public School Ranking:

18

Location and Weather

The “Sunshine City” of St. Petersburg is located between the Gulf of Mexico and Tampa Bay. This city is home to award-winning beaches, waterfront restaurants, and an energetic downtown area full of restaurants, bars and cultural attractions.

The weather here is warm throughout the year, and sports clear, sunny skies. It currently holds the title for “most consecutive days of sunshine”, which helps attract tourists year-round that are in need of a vacation.

Population, Job Market and Cost of Living

The population in St. Petersburg is 268,006, with a growth rate of 0.33% annually. The job market has increased by 2.3% over the last year. In ten years, job growth is predicted to be 42.0%. In regards to this city’s economy, St. Petersburg was named one of the best cities to live and one of the best cities for female entrepreneurs. Tourism, financial services, manufacturing, and technology drive the job market’s expansion here as well.

Despite its hefty size and beach-side location, St. Petersburg is a relatively inexpensive place to live compared to many large cities in Florida.

Hottest Neighborhoods:

Historic Roser Park, Historic Kenwood, Grand Central District, Boca Ciega, Bayou Shores

Average Monthly Rent in St. Petersburg

The average monthly rent is $1,770 for an average apartment size of 872 sq. feet.

Change in Home Value and Median Home Value

There has been a 46.1% increase in St. Petersburg’s median home value over the last year. As of 2022, the median home value is $715,000.

Days to Sell a House

On average, homes in St. Petersburg sell after 53 days on the market.

Best Time to Sell a House in St. Petersburg

During May, homes sell for the highest value in St. Petersburg. During November, homes sell the fastest.

Affordability Index

The affordability index in St. Petersburg is 126. This number indicates an increase in affordability in this city.

St. Petersburg Public School Ranking

The top ranked public schools are St. Petersburg Collegiate High, Pasadena Fundamental Elementary, Thurgood Marshall Fundamental, Lakeview Fundamental Elementary, and Bay Vista Fundamental Elementary School. This information is based on data from The U.S. Department of Education, The U.S. Census Bureau and the Florida Department of Education.

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