Old Northeast, Saint Petersburg, FL—33704
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Northeast, Saint Petersburg, FL
As of Oct '25, the median home price in Old Northeast, Saint Petersburg, FL is $709,000, with a year-over-year change of -7.6%. This indicates that home prices in Old Northeast, 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 | $709,000 | -7.6% |
| Single Family | $735,000 | -8.4% |
| Condos | $284,000 | -14.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $221,000 | -1.3% |
2 Bed | $480,000 | -8.0% |
3 Bed | $758,000 | -8.1% |
4 Bed | $1,318,000 | -7.7% |
| 5 Bed | $2,084,000 | -8.7% |
% of Housing Stock
Rental Trends — Old Northeast, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Old Northeast, Saint Petersburg, FL is $2,800, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Old Northeast, Saint Petersburg, FL is studios: $1,710, 1-bedrooms: $1,710, 2-bedrooms: $2,760, 3-bedrooms: $4,200, 4-bedrooms: $6,420. The most common rental property sizes in Old Northeast, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 45.2% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,800 |
| Studio Rent | $1,800 | $1,710 |
| 1 Bed Rent | $1,600 | $1,710 |
| 2 Bed Rent | $2,700 | $2,760 |
| 3 Bed Rent | $3,600 | $4,200 |
| 4 Bed Rent | $4,900 | $6,420 |
% of Rental Stock
Property Listings — Old Northeast, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Northeast, Saint Petersburg, FL is 102. This is a increase of 16.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,060,000 | -10.0% |
Listing Count | 209 | 58.0% |
| Listings as % of Homes | 1.4% | 58.0% |
Days on Market | 102 | 16.0% |
Demographics — Old Northeast, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Old Northeast, Saint Petersburg, FL has a population of 16,300, which has decreased by -1.2% over the past 5 years. Old Northeast, Saint Petersburg, FL is a moderately popular place for families, as children make up 15.7% of the population. The area has a highly educated workforce, with 58.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | -1.2% |
% Under 18 | 15.7% | -8.2% |
% Seniors | 19.8% | -2.0% |
% WFH | 24.1% | 156.4% |
% w/ College Degree | 58.0% | 3.6% |
As of the latest ACS Survey released in 2023, Old Northeast, Saint Petersburg, FL is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Old Northeast, Saint Petersburg, FL is hispanic, making up 7.4% of the population. Foreign-born residents account for 8.8% of the population in Old Northeast, Saint Petersburg, FL, and this percentage has increased by 14.3% 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 | 82.5% | -6.9% |
% Black | 3.7% | 12.1% |
% Hispanic | 7.4% | 37.0% |
% Asian | 2.2% | 57.1% |
% Foreign Born | 8.8% | 14.3% |
Mortgage and Risk — Old Northeast, Saint Petersburg, FL
According to HUD data as of 2023, there were 357 mortgage originations in Old Northeast, Saint Petersburg, FL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Old Northeast, Saint Petersburg, FL. Investor activity is low, as 2.0% 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 | 357 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Old Northeast, Saint Petersburg, FL
As of 2024, the percent of homes in Old Northeast, Saint Petersburg, FL under the Section 8 program is 1.0%. 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 Old Northeast, 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 | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,600 | $1,570 |
| 2 Bedroom | -$860 | $2,700 | $1,840 |
| 3 Bedroom | -$1,240 | $3,600 | $2,360 |
| 4 Bedroom | -$2,030 | $4,900 | $2,870 |
Affordability — Old Northeast, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $709,000 |
| Median Household Income | $103,000 |