Central Oak Park, Saint Petersburg, FL—33713
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central Oak Park, Saint Petersburg, FL
As of Oct '25, the median home price in Central Oak Park, Saint Petersburg, FL is $353,000, with a year-over-year change of -7.9%. This indicates that home prices in Central Oak Park, 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 | $353,000 | -7.9% |
| Single Family | $357,000 | -7.8% |
| Condos | $142,000 | -15.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | -10.0% |
2 Bed | $326,000 | -8.2% |
3 Bed | $417,000 | -6.5% |
4 Bed | $524,000 | -6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central Oak Park, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Central Oak Park, Saint Petersburg, FL is $2,420, with a year-over-year rent change of 9.5%. Per bedroom, the median rent as of July '25 in Central Oak Park, Saint Petersburg, FL is studios: $1,550, 1-bedrooms: $1,500, 2-bedrooms: $2,160, 3-bedrooms: $3,060, 4-bedrooms: $3,570. The most common rental property sizes in Central Oak Park, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 42.6% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,420 |
| Studio Rent | $1,400 | $1,550 |
| 1 Bed Rent | $1,450 | $1,500 |
| 2 Bed Rent | $2,000 | $2,160 |
| 3 Bed Rent | $2,800 | $3,060 |
| 4 Bed Rent | $3,200 | $3,570 |
% of Rental Stock
Property Listings — Central Oak Park, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Central Oak Park, Saint Petersburg, FL is 57. 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 6.0% |
Listing Count | 201 | -6.0% |
| Listings as % of Homes | 1.0% | -6.0% |
Days on Market | 57 | 23.0% |
Demographics — Central Oak Park, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Central Oak Park, Saint Petersburg, FL has a population of 31,800, which has decreased by -1.6% over the past 5 years. Central Oak Park, Saint Petersburg, FL is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 34.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | -1.6% |
% Under 18 | 15.9% | -7.6% |
% Seniors | 17.2% | 24.6% |
% WFH | 14.7% | 177.4% |
% w/ College Degree | 34.8% | 37.0% |
As of the latest ACS Survey released in 2023, Central Oak Park, Saint Petersburg, FL is a predominantly white area, with 70.7% of the population identifying as white. The white population has grown by 7.8% in the last 5 years. The second most common race or ethnicity in Central Oak Park, Saint Petersburg, FL is hispanic, making up 12.5% of the population. Foreign-born residents account for 11.9% of the population in Central Oak Park, Saint Petersburg, FL, and this percentage has decreased by 23.2% 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 | 70.7% | 7.8% |
% Black | 7.3% | -17.0% |
% Hispanic | 12.5% | 9.6% |
% Asian | 5.8% | -42.0% |
% Foreign Born | 11.9% | -23.2% |
Mortgage and Risk — Central Oak Park, Saint Petersburg, FL
According to HUD data as of 2023, there were 781 mortgage originations in Central Oak Park, Saint Petersburg, FL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Central Oak Park, Saint Petersburg, FL. Investor activity is low, as 3.0% 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 | 781 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Central Oak Park, Saint Petersburg, FL
As of 2024, the percent of homes in Central Oak Park, Saint Petersburg, FL under the Section 8 program is 6.0%. 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 Central Oak Park, 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 | 341 |
Total Units Section 8 | 239 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,450 | $1,580 |
| 2 Bedroom | -$150 | $2,000 | $1,850 |
| 3 Bedroom | -$430 | $2,800 | $2,370 |
| 4 Bedroom | -$320 | $3,200 | $2,880 |
Affordability — Central Oak Park, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $353,000 |
| Median Household Income | $69,700 |