5445 Gulf Blvd, St Pete Beach
Pinellas County Real Estate - Bay Pines
Bay Pines is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 2,931. Bay Pines is approximately 22 miles from Tampa (population 335,709) and around 9 miles from Saint Petersburg (population 244,769).
The median age for residents of Bay Pines is 52.9. Around 17.1% of Bay Pines households include school aged children and 41.5% of households include individuals aged 65 years or over. Census records indicate 93.8% of the Bay Pines population are White, 2.5% are Black or African American, .1% American Indian, .8% Asian and 1.3% are Two or more Races.
There are 1,638 housing units in Bay Pines. 260 (15.8%) of these were reported as vacant in the 2010 Census. Bay Pines is a tourist destination, 56.1% (146) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 250 residential rental units in Bay Pines. 225 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.
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Pinellas County
Pinellas County is part of the Tampa Bay region of Florida, along with Citrus, Hernando, Pasco, Hillsborough, Polk, Manatee, and Sarasota counties. The county lies on a peninsula across Tampa Bay from Hillsborough County and the city of Tampa. Pinellas counts over 900,000 people in its population. There are 24 incorporated municipalities in Pinellas County.
Pinellas County's largest industries are tourism, retail and wholesale trade, and finance, insurance and real estate. Major private sector employers include Home Shopping Network, Fidelity Information Services, Nielson Media Research, Raymond James Financial, and Tech Data Corp. Public employers are Pinellas County School District, Pinellas County Government, City of St. Petersburg, and Pinellas County Sheriff's Office.
Around 5 million people visit Pinellas County annually. Pinellas County's main tourist attraction is its beaches along the gulf coast. Pinellas County also attracts a lot of retirees, with one in five of its residents over the age of sixty five.
Unlike many counties, the largest city is not the county seat. Home to around a quarter of a million people, St. Petersburg is the fifth-largest city in Florida and headquarters for Home Shopping Network, Jabil Circuit, and Raymond James Financial. The county seat is Clearwater, which has a population around 100,000. Clearwater is home to Fortune 500 company Tech Data.
The city of Tarpon Springs was largely settled by Greeks and is currently the city most heavily populated by people of Greek ancestry in the U.S. Tarpon Springs is a major center of sponging. Though economic activity revolves around a variety of aquaculture harvesting, including fishing and shrimping, sponge diving and its legacy are what the city is known for.
Neighboring Properties
Local Household Income
The median household income in this part of Florida is $61,493. The bottom 10% of the population earn less than $19,043 per year. The top 10% earn more than $162,920 per year. The top 1% earn more than $524,947 per year. Most renters earn between $28,608 (20th percentile) and $52,212 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $122,986 and $153,733.
The tax assessed value of this property places it in percentile 80 of all properties in this area. This suggests it would appeal to someone earning around $114,787 per year who should qualify for a mortgage between $229,574 and $286,968.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $930. Most renters earn between $2,384 and $4,351 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $666 (20th percentile) to $1,297 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 80 of all properties in this area. This corresponds to a rent of $1,297 per month and a monthly household income of $4,351 ($52,212 per year)
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