Lealman, Saint Petersburg, FL—33714
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lealman, Saint Petersburg, FL
As of Oct '25, the median home price in Lealman, Saint Petersburg, FL is $270,000, with a year-over-year change of -10.2%. This indicates that home prices in Lealman, Saint Petersburg, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | -10.2% |
| Single Family | $288,000 | -10.6% |
| Condos | $93,000 | -20.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $82,000 | -19.6% |
2 Bed | $235,000 | -11.7% |
3 Bed | $327,000 | -8.9% |
4 Bed | $401,000 | -9.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lealman, Saint Petersburg, FL
As of July '25, Rentcast reports the average rent in Lealman, Saint Petersburg, FL is $1,850, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Lealman, Saint Petersburg, FL is studios: $1,330, 1-bedrooms: $1,350, 2-bedrooms: $1,700, 3-bedrooms: $2,420, 4-bedrooms: $2,860. The most common rental property sizes in Lealman, Saint Petersburg, FL are 2-bedroom and 1-bedroom, accounting for 41.2% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,850 |
| Studio Rent | $1,200 | $1,330 |
| 1 Bed Rent | $1,350 | $1,350 |
| 2 Bed Rent | $1,650 | $1,700 |
| 3 Bed Rent | $2,290 | $2,420 |
| 4 Bed Rent | $2,850 | $2,860 |
% of Rental Stock
Property Listings — Lealman, Saint Petersburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lealman, Saint Petersburg, FL is 91. This is a increase of 35.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | 2.0% |
Listing Count | 121 | 2.0% |
| Listings as % of Homes | 1.0% | 2.0% |
Days on Market | 91 | 35.0% |
Demographics — Lealman, Saint Petersburg, FL
As of the latest ACS Survey released in 2023, Lealman, Saint Petersburg, FL has a population of 20,100, which has decreased by -1.3% over the past 5 years. Lealman, Saint Petersburg, FL is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | -1.3% |
% Under 18 | 18.0% | -13.5% |
% Seniors | 19.1% | 21.7% |
% WFH | 8.5% | 107.3% |
% w/ College Degree | 20.1% | 57.0% |
As of the latest ACS Survey released in 2023, Lealman, Saint Petersburg, FL is a predominantly white area, with 64.5% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Lealman, Saint Petersburg, FL is hispanic, making up 13.2% of the population. Foreign-born residents account for 15.8% of the population in Lealman, Saint Petersburg, FL, and this percentage has decreased by 7.6% 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 | 64.5% | -1.4% |
% Black | 9.7% | -4.0% |
% Hispanic | 13.2% | 41.9% |
% Asian | 6.4% | -26.4% |
% Foreign Born | 15.8% | -7.6% |
Mortgage and Risk — Lealman, Saint Petersburg, FL
According to HUD data as of 2023, there were 271 mortgage originations in Lealman, Saint Petersburg, FL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Lealman, Saint Petersburg, FL. Investor activity is low, as 2.0% 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 | 271 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Lealman, Saint Petersburg, FL
As of 2024, the percent of homes in Lealman, Saint Petersburg, FL under the Section 8 program is 12.0%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lealman, Saint Petersburg, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 408 |
Total Units Section 8 | 327 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,350 | $1,520 |
| 2 Bedroom | $130 | $1,650 | $1,780 |
| 3 Bedroom | -$10 | $2,290 | $2,280 |
| 4 Bedroom | -$80 | $2,850 | $2,770 |
Affordability — Lealman, Saint Petersburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $270,000 |
| Median Household Income | $47,200 |