Madeira Beach, Saint Petersburg, FL—33708
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madeira Beach, Saint Petersburg, FL
As of Oct '25, the median home price in Madeira Beach, Saint Petersburg, FL is $508,000, with a year-over-year change of -14.3%. This indicates that home prices in Madeira Beach, 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 | $508,000 | -14.3% |
| Single Family | $569,000 | -16.2% |
| Condos | $435,000 | -14.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $219,000 | -18.6% |
2 Bed | $459,000 | -15.8% |
3 Bed | $769,000 | -13.9% |
4 Bed | $1,121,000 | -14.9% |
| 5 Bed | $1,796,000 | -12.1% |
% of Housing Stock
Rental Trends — Madeira Beach, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Madeira Beach, Saint Petersburg, FL is $3,670, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Madeira Beach, Saint Petersburg, FL is studios: $1,570, 1-bedrooms: $1,920, 2-bedrooms: $3,290, 3-bedrooms: $5,170, 4-bedrooms: $5,160. The most common rental property sizes in Madeira Beach, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 49.6% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,670 |
| Studio Rent | $1,500 | $1,570 |
| 1 Bed Rent | $1,800 | $1,920 |
| 2 Bed Rent | $2,700 | $3,290 |
| 3 Bed Rent | $4,800 | $5,170 |
| 4 Bed Rent | $4,000 | $5,160 |
% of Rental Stock
Property Listings — Madeira Beach, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Madeira Beach, Saint Petersburg, FL is 96. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | 4.0% |
Listing Count | 396 | 17.0% |
| Listings as % of Homes | 1.7% | 17.0% |
Days on Market | 96 | -4.0% |
Demographics — Madeira Beach, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Madeira Beach, Saint Petersburg, FL has a population of 15,300, which has decreased by -4.9% over the past 5 years. Madeira Beach, Saint Petersburg, FL is a less popular place for families, as children make up 6.6% of the population. The area has a moderately educated workforce, with 43.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | -4.9% |
% Under 18 | 6.6% | -28.3% |
% Seniors | 39.6% | 6.5% |
% WFH | 23.3% | 111.8% |
% w/ College Degree | 43.5% | 16.6% |
As of the latest ACS Survey released in 2023, Madeira Beach, Saint Petersburg, FL is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Madeira Beach, Saint Petersburg, FL is hispanic, making up 4.5% of the population. Foreign-born residents account for 10.0% of the population in Madeira Beach, Saint Petersburg, FL, and this percentage has increased by 9.9% 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 | 87.3% | -4.2% |
% Black | 1.3% | 85.7% |
% Hispanic | 4.5% | -6.2% |
% Asian | 4.4% | 238.5% |
% Foreign Born | 10.0% | 9.9% |
Mortgage and Risk — Madeira Beach, Saint Petersburg, FL
According to HUD data as of 2023, there were 337 mortgage originations in Madeira Beach, Saint Petersburg, FL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Madeira Beach, Saint Petersburg, FL. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 337 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 20.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Madeira Beach, Saint Petersburg, FL
As of 2024, the percent of homes in Madeira Beach, Saint Petersburg, FL under the Section 8 program is 1.5%. 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 units appear to be good home sizes to consider for Section 8 housing in Madeira Beach, Saint Petersburg, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,800 | $2,140 |
| 2 Bedroom | -$190 | $2,700 | $2,510 |
| 3 Bedroom | -$1,590 | $4,800 | $3,210 |
| 4 Bedroom | -$90 | $4,000 | $3,910 |
Affordability — Madeira Beach, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $508,000 |
| Median Household Income | $83,800 |