Downtown St. Petersburg, Saint Petersburg, FL—33701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown St. Petersburg, Saint Petersburg, FL
As of Oct '25, the median home price in Downtown St. Petersburg, Saint Petersburg, FL is $681,000, with a year-over-year change of -4.2%. This indicates that home prices in Downtown St. Petersburg, Saint Petersburg, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $681,000 | -4.3% |
| Single Family | $662,000 | -4.6% |
| Condos | $713,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $326,000 | -5.2% |
2 Bed | $696,000 | -3.2% |
3 Bed | $964,000 | -3.5% |
4 Bed | $1,099,000 | -4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown St. Petersburg, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Downtown St. Petersburg, Saint Petersburg, FL is $2,990, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Downtown St. Petersburg, Saint Petersburg, FL is studios: $1,590, 1-bedrooms: $2,090, 2-bedrooms: $4,510, 3-bedrooms: $3,990, 4-bedrooms: $4,460. The most common rental property sizes in Downtown St. Petersburg, Saint Petersburg, FL are 1-bedroom and 2-bedroom, accounting for 51.3% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,990 |
| Studio Rent | $1,400 | $1,590 |
| 1 Bed Rent | $1,840 | $2,090 |
| 2 Bed Rent | $3,850 | $4,510 |
| 3 Bed Rent | $3,600 | $3,990 |
| 4 Bed Rent | $3,900 | $4,460 |
% of Rental Stock
Property Listings — Downtown St. Petersburg, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown St. Petersburg, Saint Petersburg, FL is 73. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $913,000 | -5.0% |
Listing Count | 241 | -3.0% |
| Listings as % of Homes | 1.1% | -3.0% |
Days on Market | 73 | 13.0% |
Demographics — Downtown St. Petersburg, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Downtown St. Petersburg, Saint Petersburg, FL has a population of 18,500, which has increased by 21.5% over the past 5 years. Downtown St. Petersburg, Saint Petersburg, FL is a less popular place for families, as children make up 9.1% of the population. The area has a highly educated workforce, with 55.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,500 | 21.5% |
% Under 18 | 9.1% | 1.1% |
% Seniors | 24.6% | 0.8% |
% WFH | 25.3% | 120.0% |
% w/ College Degree | 55.1% | 17.5% |
As of the latest ACS Survey released in 2023, Downtown St. Petersburg, Saint Petersburg, FL is a predominantly white area, with 74.1% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Downtown St. Petersburg, Saint Petersburg, FL is black, making up 10.5% of the population. Foreign-born residents account for 10.1% of the population in Downtown St. Petersburg, Saint Petersburg, FL, and this percentage has increased by 20.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.1% | 3.6% |
% Black | 10.5% | -33.5% |
% Hispanic | 10.4% | 19.5% |
% Asian | 2.1% | 50.0% |
% Foreign Born | 10.1% | 20.2% |
Mortgage and Risk — Downtown St. Petersburg, Saint Petersburg, FL
According to HUD data as of 2023, there were 225 mortgage originations in Downtown St. Petersburg, Saint Petersburg, FL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Downtown St. Petersburg, Saint Petersburg, FL. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 225 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Downtown St. Petersburg, Saint Petersburg, FL
As of 2024, the percent of homes in Downtown St. Petersburg, Saint Petersburg, FL under the Section 8 program is 12.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Downtown St. Petersburg, Saint Petersburg, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 818 |
Total Units Section 8 | 812 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,840 | $1,790 |
| 2 Bedroom | -$1,750 | $3,850 | $2,100 |
| 3 Bedroom | -$910 | $3,600 | $2,690 |
| 4 Bedroom | -$630 | $3,900 | $3,270 |
Affordability — Downtown St. Petersburg, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.7 |
| Median Home Price | $681,000 |
| Median Household Income | $69,100 |