Fossil Park, Saint Petersburg, FL—33702
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fossil Park, Saint Petersburg, FL
As of Oct '25, the median home price in Fossil Park, Saint Petersburg, FL is $302,000, with a year-over-year change of -14.8%. This indicates that home prices in Fossil Park, 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 | $302,000 | -14.8% |
| Single Family | $357,000 | -14.0% |
| Condos | $119,000 | -20.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $108,000 | -20.6% |
2 Bed | $209,000 | -17.4% |
3 Bed | $389,000 | -11.6% |
4 Bed | $522,000 | -9.7% |
| 5 Bed | $1,005,000 | -10.1% |
% of Housing Stock
Rental Trends — Fossil Park, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Fossil Park, Saint Petersburg, FL is $2,070, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Fossil Park, Saint Petersburg, FL is studios: $1,510, 1-bedrooms: $1,490, 2-bedrooms: $1,860, 3-bedrooms: $2,810, 4-bedrooms: $3,190. The most common rental property sizes in Fossil Park, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 42.0% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,070 |
| Studio Rent | $1,400 | $1,510 |
| 1 Bed Rent | $1,500 | $1,490 |
| 2 Bed Rent | $1,790 | $1,860 |
| 3 Bed Rent | $2,750 | $2,810 |
| 4 Bed Rent | $2,980 | $3,190 |
% of Rental Stock
Property Listings — Fossil Park, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fossil Park, Saint Petersburg, FL is 82. This is a increase of 32.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | -11.0% |
Listing Count | 246 | 12.0% |
| Listings as % of Homes | 0.8% | 12.0% |
Days on Market | 82 | 32.0% |
Demographics — Fossil Park, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Fossil Park, Saint Petersburg, FL has a population of 31,200, which has increased by 2.2% over the past 5 years. Fossil Park, Saint Petersburg, FL is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 38.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,200 | 2.2% |
% Under 18 | 16.5% | -6.8% |
% Seniors | 21.7% | 24.0% |
% WFH | 13.4% | 109.4% |
% w/ College Degree | 38.2% | 20.9% |
As of the latest ACS Survey released in 2023, Fossil Park, Saint Petersburg, FL is a predominantly white area, with 73.2% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Fossil Park, Saint Petersburg, FL is hispanic, making up 12.2% of the population. Foreign-born residents account for 12.4% of the population in Fossil Park, Saint Petersburg, FL, and this percentage has decreased by 4.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.2% | -6.3% |
% Black | 5.9% | -29.8% |
% Hispanic | 12.2% | 50.6% |
% Asian | 4.4% | 41.9% |
% Foreign Born | 12.4% | -4.6% |
Mortgage and Risk — Fossil Park, Saint Petersburg, FL
According to HUD data as of 2023, there were 685 mortgage originations in Fossil Park, Saint Petersburg, FL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Fossil Park, Saint Petersburg, FL. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 685 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Fossil Park, Saint Petersburg, FL
As of 2024, the percent of homes in Fossil Park, Saint Petersburg, FL under the Section 8 program is 9.9%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fossil Park, Saint Petersburg, FL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 511 |
Total Units Section 8 | 453 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,500 | $1,720 |
| 2 Bedroom | $230 | $1,790 | $2,020 |
| 3 Bedroom | -$160 | $2,750 | $2,590 |
| 4 Bedroom | $170 | $2,980 | $3,150 |
Affordability — Fossil Park, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $302,000 |
| Median Household Income | $65,500 |