Lake Maggiore, Saint Petersburg, FL—33712
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Maggiore, Saint Petersburg, FL
As of Oct '25, the median home price in Lake Maggiore, Saint Petersburg, FL is $310,000, with a year-over-year change of -9.8%. This indicates that home prices in Lake Maggiore, Saint Petersburg, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | -9.8% |
| Single Family | $323,000 | -9.8% |
| Condos | $170,000 | -11.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $129,000 | -15.1% |
2 Bed | $229,000 | -9.8% |
3 Bed | $380,000 | -7.3% |
4 Bed | $504,000 | -5.3% |
| 5 Bed | $545,000 | -4.4% |
% of Housing Stock
Rental Trends — Lake Maggiore, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Lake Maggiore, Saint Petersburg, FL is $2,220, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Lake Maggiore, Saint Petersburg, FL is studios: $1,230, 1-bedrooms: $1,460, 2-bedrooms: $1,950, 3-bedrooms: $2,790, 4-bedrooms: $3,090. The most common rental property sizes in Lake Maggiore, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 44.6% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,220 |
| Studio Rent | $1,020 | $1,230 |
| 1 Bed Rent | $1,490 | $1,460 |
| 2 Bed Rent | $1,800 | $1,950 |
| 3 Bed Rent | $2,600 | $2,790 |
| 4 Bed Rent | $3,000 | $3,090 |
% of Rental Stock
Property Listings — Lake Maggiore, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Maggiore, Saint Petersburg, FL is 72. This is a increase of 34.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | -1.0% |
Listing Count | 149 | 28.0% |
| Listings as % of Homes | 0.9% | 28.0% |
Days on Market | 72 | 34.0% |
Demographics — Lake Maggiore, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Lake Maggiore, Saint Petersburg, FL has a population of 25,900, which has remained stable by 0.8% over the past 5 years. Lake Maggiore, Saint Petersburg, FL is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | 0.8% |
% Under 18 | 22.5% | 10.3% |
% Seniors | 18.5% | 31.2% |
% WFH | 15.6% | 205.9% |
% w/ College Degree | 30.0% | 5.3% |
As of the latest ACS Survey released in 2023, Lake Maggiore, Saint Petersburg, FL is a predominantly black area, with 68.3% of the population identifying as black. The black population has remained stable in the last 5 years. The second most common race or ethnicity in Lake Maggiore, Saint Petersburg, FL is white, making up 22.8% of the population. Foreign-born residents account for 7.1% of the population in Lake Maggiore, Saint Petersburg, FL, and this percentage has increased by 1.4% 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 | 22.8% | -5.8% |
% Black | 68.3% | 0.0% |
% Hispanic | 4.5% | 45.2% |
% Asian | 0.4% | -77.8% |
% Foreign Born | 7.1% | 1.4% |
Mortgage and Risk — Lake Maggiore, Saint Petersburg, FL
According to HUD data as of 2023, there were 325 mortgage originations in Lake Maggiore, 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 Lake Maggiore, Saint Petersburg, FL. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 325 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Lake Maggiore, Saint Petersburg, FL
As of 2024, the percent of homes in Lake Maggiore, Saint Petersburg, FL under the Section 8 program is 27.1%. 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. In Lake Maggiore, Saint Petersburg, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,187 |
Total Units Section 8 | 1,157 |
% Rentals under Section 8 | 27.1% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,490 | $1,820 |
| 2 Bedroom | $330 | $1,800 | $2,130 |
| 3 Bedroom | $130 | $2,600 | $2,730 |
| 4 Bedroom | $320 | $3,000 | $3,320 |
Affordability — Lake Maggiore, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $310,000 |
| Median Household Income | $57,700 |