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  5. /Lake Maggiore, Saint Petersburg, FL - 33712

Lake Maggiore, Saint Petersburg, FL—33712

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$324,000
3.3% YoY Growth
Household Income
$57,700
28.1% YoY Growth
Days on Market
56
8.0% Longer YoY
Home Price Forecast
-0.1%
Median Rent
$2,000
1.8% YoY Growth
1-Bed Rent
$1,490
0.0% YoY Growth
2-Bed Rent
$1,800
7.1% YoY Growth
3-Bed Rent
$2,600
4.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lake Maggiore, Saint Petersburg, FL

As of May '26, the median home price in Lake Maggiore, Saint Petersburg, FL is $324,000, with a year-over-year change of -3.3%. This indicates that home prices in Lake Maggiore, Saint Petersburg, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$324,000-3.3%
Single Family $338,000-1.7%
Condos $169,000-7.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $133,000
    -0.7%
    2 Bed
    		$231,000-3.7%
    3 Bed
    		$394,0000.3%
    4 Bed
    		$531,0001.7%
    5 Bed $615,2963.0%
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    % of Housing Stock

    Studio
    3.3%
    1 Bedroom
    16.2%
    2 Bedrooms
    35.9%
    3 Bedrooms
    38.1%
    4 Bedrooms
    5.8%
    5+ Bedrooms
    0.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    4.4%
    1 Bedroom
    30.1%
    2 Bedrooms
    44.6%
    3 Bedrooms
    19.6%
    4 Bedrooms
    1.3%

    Property Listings — Lake Maggiore, Saint Petersburg, FL

    As of May '26, Realtor.com reports that the median days on market for a home in Lake Maggiore, Saint Petersburg, FL is 56. This is a increase of 8.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$460,00019.0%
    Listing Count
    		139-13.0%
    Listings as % of Homes0.9%-13.0%
    Days on Market
    		568.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		25,9000.8%
    % Under 18
    		22.5%10.3%
    % Seniors
    		18.5%31.2%
    % WFH
    		15.6%205.9%
    % w/ College Degree
    		30.0%5.3%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.9
    Median Home Price$324,000
    Median Household Income$57,700

    Lake Maggiore, Saint Petersburg, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions