Gulfport, Saint Petersburg, FL—33711
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gulfport, Saint Petersburg, FL
As of Oct '25, the median home price in Gulfport, Saint Petersburg, FL is $273,000, with a year-over-year change of -10.8%. This indicates that home prices in Gulfport, Saint Petersburg, FL are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $273,000 | -10.8% |
| Single Family | $286,000 | -10.3% |
| Condos | $224,000 | -14.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $162,000 | -16.9% |
2 Bed | $259,000 | -11.6% |
3 Bed | $339,000 | -8.6% |
4 Bed | $442,000 | -6.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gulfport, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Gulfport, Saint Petersburg, FL is $2,440, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Gulfport, Saint Petersburg, FL is studios: $1,840, 1-bedrooms: $1,860, 2-bedrooms: $2,340, 3-bedrooms: $2,720, 4-bedrooms: $3,200. The most common rental property sizes in Gulfport, Saint Petersburg, FL are 2-bedroom and 3-bedroom, accounting for 51.7% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,440 |
| Studio Rent | $1,840 | $1,840 |
| 1 Bed Rent | $1,800 | $1,860 |
| 2 Bed Rent | $2,200 | $2,340 |
| 3 Bed Rent | $2,400 | $2,720 |
| 4 Bed Rent | $2,400 | $3,200 |
% of Rental Stock
Property Listings — Gulfport, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Gulfport, Saint Petersburg, FL is 75. This is a increase of 4.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 0.0% |
Listing Count | 215 | 19.0% |
| Listings as % of Homes | 1.4% | 19.0% |
Days on Market | 75 | 4.0% |
Demographics — Gulfport, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Gulfport, Saint Petersburg, FL has a population of 18,300, which has decreased by -9.9% over the past 5 years. Gulfport, Saint Petersburg, FL is a less popular place for families, as children make up 14.2% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | -9.9% |
% Under 18 | 14.2% | -31.1% |
% Seniors | 20.9% | 7.2% |
% WFH | 17.8% | 295.6% |
% w/ College Degree | 32.0% | 32.2% |
As of the latest ACS Survey released in 2023, Gulfport, Saint Petersburg, FL is a predominantly white area, with 45.4% of the population identifying as white. The white population has grown by 28.2% in the last 5 years. The second most common race or ethnicity in Gulfport, Saint Petersburg, FL is black, making up 45.3% of the population. Foreign-born residents account for 7.4% of the population in Gulfport, Saint Petersburg, FL, and this percentage has decreased by 3.9% 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 | 45.4% | 28.2% |
% Black | 45.3% | -19.4% |
% Hispanic | 6.0% | 11.1% |
% Asian | 0.5% | -61.5% |
% Foreign Born | 7.4% | -3.9% |
Mortgage and Risk — Gulfport, Saint Petersburg, FL
According to HUD data as of 2023, there were 341 mortgage originations in Gulfport, Saint Petersburg, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Gulfport, Saint Petersburg, FL. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 341 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Gulfport, Saint Petersburg, FL
As of 2024, the percent of homes in Gulfport, Saint Petersburg, FL under the Section 8 program is 38.1%. 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 Gulfport, Saint Petersburg, FL, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 776 |
Total Units Section 8 | 740 |
% Rentals under Section 8 | 38.1% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,800 | $1,850 |
| 2 Bedroom | -$30 | $2,200 | $2,170 |
| 3 Bedroom | $380 | $2,400 | $2,780 |
| 4 Bedroom | $980 | $2,400 | $3,380 |
Affordability — Gulfport, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $273,000 |
| Median Household Income | $68,300 |