Shore Acres, Saint Petersburg, FL—33703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shore Acres, Saint Petersburg, FL
As of Oct '25, the median home price in Shore Acres, Saint Petersburg, FL is $388,000, with a year-over-year change of -13.9%. This indicates that home prices in Shore Acres, Saint Petersburg, FL are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $388,000 | -13.9% |
| Single Family | $418,000 | -14.9% |
| Condos | $148,000 | -20.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $127,000 | -21.6% |
2 Bed | $297,000 | -11.3% |
3 Bed | $455,000 | -13.3% |
4 Bed | $795,000 | -13.7% |
| 5 Bed | $1,470,000 | -10.6% |
% of Housing Stock
Rental Trends — Shore Acres, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Shore Acres, Saint Petersburg, FL is $3,000, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Shore Acres, Saint Petersburg, FL is studios: $1,080, 1-bedrooms: $1,640, 2-bedrooms: $2,360, 3-bedrooms: $3,400, 4-bedrooms: $4,060. The most common rental property sizes in Shore Acres, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 44.5% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $3,000 |
| Studio Rent | $1,080 | $1,080 |
| 1 Bed Rent | $1,620 | $1,640 |
| 2 Bed Rent | $2,150 | $2,360 |
| 3 Bed Rent | $3,150 | $3,400 |
| 4 Bed Rent | $3,600 | $4,060 |
% of Rental Stock
Property Listings — Shore Acres, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Shore Acres, Saint Petersburg, FL is 100. This is a increase of 31.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $426,000 | -14.0% |
Listing Count | 373 | 39.0% |
| Listings as % of Homes | 1.3% | 39.0% |
Days on Market | 100 | 31.0% |
Demographics — Shore Acres, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Shore Acres, Saint Petersburg, FL has a population of 25,900, which has increased by 1.9% over the past 5 years. Shore Acres, Saint Petersburg, FL is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 52.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | 1.9% |
% Under 18 | 19.1% | 0.5% |
% Seniors | 20.1% | -1.0% |
% WFH | 21.7% | 178.2% |
% w/ College Degree | 52.9% | 30.0% |
As of the latest ACS Survey released in 2023, Shore Acres, Saint Petersburg, FL is a predominantly white area, with 76.3% 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 Shore Acres, Saint Petersburg, FL is hispanic, making up 10.0% of the population. Foreign-born residents account for 8.9% of the population in Shore Acres, Saint Petersburg, FL, and this percentage has decreased by 20.5% 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 | 76.3% | -6.3% |
% Black | 5.2% | 52.9% |
% Hispanic | 10.0% | 33.3% |
% Asian | 3.6% | 50.0% |
% Foreign Born | 8.9% | -20.5% |
Mortgage and Risk — Shore Acres, Saint Petersburg, FL
According to HUD data as of 2023, there were 522 mortgage originations in Shore Acres, Saint Petersburg, FL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Shore Acres, Saint Petersburg, FL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 522 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Shore Acres, Saint Petersburg, FL
As of 2024, the percent of homes in Shore Acres, Saint Petersburg, FL under the Section 8 program is 2.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Shore Acres, Saint Petersburg, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,620 | $1,880 |
| 2 Bedroom | $50 | $2,150 | $2,200 |
| 3 Bedroom | -$330 | $3,150 | $2,820 |
| 4 Bedroom | -$170 | $3,600 | $3,430 |
Affordability — Shore Acres, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $388,000 |
| Median Household Income | $96,800 |