542 5th St N, St Petersburg
Pinellas County Real Estate - Saint Petersburg
St. Petersburg is the fourth most populous city in Florida and located in Pinellas County. St. Petersburg has, on average, 361 days of sunshine a year, making it an attractive destination for retirees. However, the city has gradually attracted younger residents as well. The core of St. Petersburg's economy is fueled by tourism, contributing $2 billion in direct revenue annually. Other growth industries are financial services, manufacturing, medical technologies, information technology, and marine sciences. The largest employers for St. Petersburg are All Children's Hospital, Raymond James, Bayfront Medical Center, Home Shopping Network, and Fidelity National Information services. St. Petersburg has the highest rate of violent crime in Florida.
Saint Petersburg is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 244,769.
The median age for residents of Saint Petersburg is 41.6. Around 24.8% of Saint Petersburg households include school aged children and 25.9% of households include individuals aged 65 years or over. Census records indicate 68.6% of the Saint Petersburg population are White, 23.9% are Black or African American, .2% American Indian, 3.1% Asian and 2.4% are Two or more Races.
There are 129,401 housing units in Saint Petersburg. 20,586 (15.9%) of these were reported as vacant in the 2010 Census. Saint Petersburg is a tourist destination, 25.9% (5,336) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 49,536 residential rental units in Saint Petersburg. 42,797 of them were occupied in 2010 providing a residential rental vacancy rate of 13.1%.
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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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 534 5th St N | Single Family | 1,867 | B |
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| 532 6th Ave N | Multi-family - less than 10 units | 1,934 | B |
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| 501 6th Ave N | Single Family | 1,830 | B |
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| 526 5th St N | Multi-family - less than 10 units | 4,511 | B |
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| 525 6th Ave N | Single Family | 1,108 | B |
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| 554 6th Ave N | Multi-family - less than 10 units | 1,107 | B |
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| 5th Sq N | Vacant Commercial | 0 | L | |
| 522 5th St N | Single Family | 1,894 | B |
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| 535 6th St N | Multi-family - less than 10 units | 3,065 | B |
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| 535 6th Ave N | Single Family | 2,603 | B |
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| 545 5th St N | Multi-family - less than 10 units | 2,799 | B |
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| 556 6th Ave N | Multi-family - less than 10 units | 1,053 | B |
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| 537 5th St N | Multi-family - less than 10 units | 3,665 | B |
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| 510 5th St N | Multi-family - less than 10 units | 3,434 | B |
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| 525 6th St N | Single Family | 1,821 | B |
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| 553 6th Ave N | Multi-family - less than 10 units | 2,548 | B |
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| 620 5th St N | Multi-family - less than 10 units | 3,522 | B |
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| 527 5th St N | Multi-family - less than 10 units | 2,058 | B |
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| 557 6th Ave N | Multi-family - less than 10 units | 3,328 | B |
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| 521 5th St N | Multi-family - less than 10 units | 2,159 | B |
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| 628 5th St N | Multi-family - less than 10 units | 4,696 | B |
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| 515 6th St N | Single Family | 836 | B |
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| 515 5th St N | Multi-family - less than 10 units | 2,337 | B |
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| 500 5th St N | Multi-family - 10 units or more | 12,543 | B |
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| 533 5th Ave N | Single Family | 1,966 | B |
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| 505 5th St N | Single Family | 971 | B |
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| 540 7th Ave N | Multi-family - less than 10 units | 909 | B |
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| 530 7th Ave N | Multi-family - less than 10 units | 2,001 | B |
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| 454 6th Ave N | Multi-family - less than 10 units | 3,409 | B |
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| 548 6th St N | Single Family | 1,914 | B |
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| 551 5th Ave N | Single Family | 1,544 | B |
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| 516 7th Ave N | Single Family | 965 | B |
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| 625 6th St N | Single Family | 1,186 | B |
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| 524 7th Ave N | Single Family | 784 | C |
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| 500 7th Ave N | Multi-family - less than 10 units | 1,819 | B |
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| 528 6th St N | Single Family | 2,367 | B |
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| 625 6th Ave N | Multi-family - less than 10 units | 2,389 | B |
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| 463 5th Ave N | Single Family | 1,940 | B |
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| 457 5th Ave N | Multi-family - less than 10 units | 2,318 | B |
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| 524 6th St N | Single Family | 1,066 | B |
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| 555 5th Ave N | Single Family | 1,810 | B |
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| 522 6th St N | Single Family | 2,079 | B |
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| 528 Dartmoor St N | Single Family | 892 | B |
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| 453 5th Ave N | Single Family | 1,162 | B |
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| 556 7th Ave N | Single Family | 1,398 | B |
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| 627 6th Ave N | Single Family | 2,297 | B |
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| 536 Dartmoor St N | Single Family | 1,100 | B |
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| 620 6th Ave N | Multi-family - less than 10 units | 1,479 | B |
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| 512 Dartmoor St N | Hotel or motel | 7,515 | B |
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Local Household Income
The median household income in this part of Florida is $60,534. The bottom 10% of the population earn less than $17,655 per year. The top 10% earn more than $170,093 per year. The top 1% earn more than $574,103 per year. Most renters earn between $24,312 (20th percentile) and $45,828 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $121,068 and $151,335.
The tax assessed value of this property places it in percentile 69 of all properties in this area. This suggests it would appeal to someone earning around $91,075 per year who should qualify for a mortgage between $182,150 and $227,688.
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 $865. Most renters earn between $2,026 and $3,819 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $624 (20th percentile) to $1,210 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 69 of all properties in this area. This corresponds to a rent of $1,066 per month and a monthly household income of $3,402 ($40,824 per year)
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