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St. Petersburg real estate market overview
- Average Monthly Rent: $1,989
- Home Price/Value Percentage Change: 8.60%
- Median Home Value: $350,664
- Best Time To Sell a Home: May
- Affordability Index: Moderate
- Days To Sell a House: 38
- 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 262,370, with a growth rate of 0.52% annually.
The job market has decreased by -4.34% over the last year. In ten years, job growth is predicted to be 41.95%. 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.
St. Petersburg real estate market details
- Historic Roser Park
- Bayou Shores
- Historic Kenwood
- Boca Ciega
- Grand Central District
The average monthly rent is $1,989 for an average apartment size of 872 sq. feet.
There has been a 8.6% increase in St. Petersburg's median home value over the last year. As of 2023, the median home value is $350,664.
On average, homes in St. Petersburg sell after 38 days on the market.
During May, homes sell for the highest value in St. Petersburg. During November, homes sell the fastest.
The affordability index in St. Petersburg is 100. This number indicates moderate affordability in this city.
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 US Department of Education, The US Census Bureau and the Florida Department of Education.