Kenneth City, Saint Petersburg, FL—33709
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kenneth City, Saint Petersburg, FL
As of Oct '25, the median home price in Kenneth City, Saint Petersburg, FL is $265,000, with a year-over-year change of -9.1%. This indicates that home prices in Kenneth City, Saint Petersburg, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | -9.1% |
| Single Family | $315,000 | -8.2% |
| Condos | $123,000 | -18.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $95,000 | -20.8% |
2 Bed | $204,000 | -13.2% |
3 Bed | $354,000 | -7.1% |
4 Bed | $412,000 | -6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kenneth City, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Kenneth City, Saint Petersburg, FL is $2,090, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Kenneth City, Saint Petersburg, FL is studios: $575, 1-bedrooms: $1,300, 2-bedrooms: $1,960, 3-bedrooms: $2,620, 4-bedrooms: $2,900. The most common rental property sizes in Kenneth City, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 50.3% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,120 | $2,090 |
| Studio Rent | $575 | $575 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,950 | $1,960 |
| 3 Bed Rent | $2,350 | $2,620 |
| 4 Bed Rent | $2,820 | $2,900 |
% of Rental Stock
Property Listings — Kenneth City, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Kenneth City, Saint Petersburg, FL is 74. This is a increase of 10.0% 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 | $199,000 | -16.0% |
Listing Count | 204 | -3.0% |
| Listings as % of Homes | 1.1% | -3.0% |
Days on Market | 74 | 10.0% |
Demographics — Kenneth City, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Kenneth City, Saint Petersburg, FL has a population of 25,400, which has remained stable by -0.3% over the past 5 years. Kenneth City, Saint Petersburg, FL is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | -0.3% |
% Under 18 | 15.4% | -4.9% |
% Seniors | 30.2% | 13.5% |
% WFH | 9.4% | 80.8% |
% w/ College Degree | 19.5% | 10.8% |
As of the latest ACS Survey released in 2023, Kenneth City, Saint Petersburg, FL is a predominantly white area, with 73.3% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Kenneth City, Saint Petersburg, FL is hispanic, making up 11.0% of the population. Foreign-born residents account for 14.2% of the population in Kenneth City, Saint Petersburg, FL, and this percentage has decreased by 4.1% 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 | 73.3% | -2.0% |
% Black | 5.3% | -1.9% |
% Hispanic | 11.0% | 8.9% |
% Asian | 4.5% | -36.6% |
% Foreign Born | 14.2% | -4.1% |
Mortgage and Risk — Kenneth City, Saint Petersburg, FL
According to HUD data as of 2023, there were 416 mortgage originations in Kenneth City, Saint Petersburg, FL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Kenneth City, Saint Petersburg, FL. Investor activity is low, as 0.0% 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 | 416 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Kenneth City, Saint Petersburg, FL
As of 2024, the percent of homes in Kenneth City, Saint Petersburg, FL under the Section 8 program is 10.5%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Kenneth City, Saint Petersburg, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 412 |
Total Units Section 8 | 290 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,300 | $1,560 |
| 2 Bedroom | -$120 | $1,950 | $1,830 |
| 3 Bedroom | -$10 | $2,350 | $2,340 |
| 4 Bedroom | $30 | $2,820 | $2,850 |
Affordability — Kenneth City, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $265,000 |
| Median Household Income | $52,600 |