Coquina Key, Saint Petersburg, FL—33705
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coquina Key, Saint Petersburg, FL
As of Oct '25, the median home price in Coquina Key, Saint Petersburg, FL is $321,000, with a year-over-year change of -9.8%. This indicates that home prices in Coquina Key, 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 | $321,000 | -9.8% |
| Single Family | $337,000 | -9.7% |
| Condos | $233,000 | -17.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $208,000 | -17.8% |
2 Bed | $291,000 | -12.3% |
3 Bed | $383,000 | -7.5% |
4 Bed | $480,000 | -7.2% |
| 5 Bed | $745,000 | -7.7% |
% of Housing Stock
Rental Trends — Coquina Key, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Coquina Key, Saint Petersburg, FL is $2,340, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Coquina Key, Saint Petersburg, FL is studios: $1,460, 1-bedrooms: $1,710, 2-bedrooms: $2,400, 3-bedrooms: $2,890, 4-bedrooms: $3,000. The most common rental property sizes in Coquina Key, Saint Petersburg, FL are 1-bedroom and 2-bedroom, accounting for 33.3% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,340 |
| Studio Rent | $1,150 | $1,460 |
| 1 Bed Rent | $1,500 | $1,710 |
| 2 Bed Rent | $2,300 | $2,400 |
| 3 Bed Rent | $2,500 | $2,890 |
| 4 Bed Rent | $2,700 | $3,000 |
% of Rental Stock
Property Listings — Coquina Key, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Coquina Key, Saint Petersburg, FL is 72. This is a increase of 23.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $408,000 | -4.0% |
Listing Count | 239 | 25.0% |
| Listings as % of Homes | 1.0% | 25.0% |
Days on Market | 72 | 23.0% |
Demographics — Coquina Key, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Coquina Key, Saint Petersburg, FL has a population of 27,000, which has decreased by -2.1% over the past 5 years. Coquina Key, Saint Petersburg, FL is a moderately popular place for families, as children make up 18.1% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | -2.1% |
% Under 18 | 18.1% | -3.2% |
% Seniors | 22.3% | 31.2% |
% WFH | 15.0% | 154.2% |
% w/ College Degree | 35.6% | 14.5% |
As of the latest ACS Survey released in 2023, Coquina Key, Saint Petersburg, FL is a predominantly black area, with 44.3% of the population identifying as black. The black population has shrunk by 17.7% in the last 5 years. The second most common race or ethnicity in Coquina Key, Saint Petersburg, FL is white, making up 40.6% of the population. Foreign-born residents account for 8.6% of the population in Coquina Key, Saint Petersburg, FL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.6% | 11.8% |
% Black | 44.3% | -17.7% |
% Hispanic | 5.4% | 3.8% |
% Asian | 0.8% | -55.6% |
% Foreign Born | 8.6% | 0.0% |
Mortgage and Risk — Coquina Key, Saint Petersburg, FL
According to HUD data as of 2023, there were 617 mortgage originations in Coquina Key, Saint Petersburg, FL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Coquina Key, Saint Petersburg, FL. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 617 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Coquina Key, Saint Petersburg, FL
As of 2024, the percent of homes in Coquina Key, Saint Petersburg, FL under the Section 8 program is 29.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Coquina Key, Saint Petersburg, FL, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,495 |
Total Units Section 8 | 1,398 |
% Rentals under Section 8 | 29.2% |
% Occupied Section 8 | 93.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,500 | $1,820 |
| 2 Bedroom | -$160 | $2,300 | $2,140 |
| 3 Bedroom | $240 | $2,500 | $2,740 |
| 4 Bedroom | $630 | $2,700 | $3,330 |
Affordability — Coquina Key, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $321,000 |
| Median Household Income | $70,800 |