509 61st Ave Ne, 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 | |
|---|---|---|---|---|
| 517 61st Ave Ne | Single Family | 776 | C |
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| 501 61st Ave Ne | Single Family | 1,315 | B |
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| 500 62nd Ave Ne | Single Family | 1,626 | B |
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| 525 61st Ave Ne | Single Family | 780 | B |
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| 518 62nd Ave Ne | Single Family | 1,424 | B |
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| 516 61st Ave Ne | Single Family | 1,043 | C |
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| 508 61st Ave Ne | Single Family | 820 | B |
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| 526 62nd Ave Ne | Single Family | 1,375 | B |
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| 455 61st Ave Ne | Single Family | 1,052 | B |
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| 601 61st Ave Ne | Single Family | 754 | B |
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| 526 61st Ave Ne | Single Family | 1,142 | B |
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| 500 61st Ave Ne | Single Family | 745 | B |
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| 454 62nd Ave Ne | Single Family | 2,006 | B |
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| 600 61st Ave Ne | Single Family | 1,017 | B |
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| 600 62nd Ave Ne | Single Family | 1,667 | B |
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| 441 61st Ave Ne | Single Family | 769 | B |
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| 609 61st Ave Ne | Single Family | 1,888 | B |
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| 608 61st Ave Ne | Single Family | 1,776 | B |
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| 442 62nd Ave Ne | Single Family | 1,351 | B |
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| 454 61st Ave Ne | Single Family | 2,090 | B |
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| 517 Hampton Ave Ne | Single Family | 944 | B |
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| 509 Hampton Ave Ne | Single Family | 1,064 | B |
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| 610 62nd Ave Ne | Single Family | 1,119 | B |
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| 525 Hampton Ave Ne | Single Family | 1,232 | B |
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| 501 Hampton Ave Ne | Single Family | 1,172 | B |
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| 433 61st Ave Ne | Single Family | 1,621 | B |
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| 6100 Woodrow Wilson Blvd Ne | Single Family | 1,513 | B |
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| 440 61st Ave Ne | Single Family | 2,090 | B |
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| 616 61st Ave Ne | Single Family | 955 | B |
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| 533 Hampton Ave Ne | Single Family | 2,097 | B |
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| 436 62nd Ave Ne | Single Family | 1,662 | B |
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| 6170 Woodrow Wilson Blvd Ne | Single Family | 1,082 | B |
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| 6002 Pine St Ne | Single Family | 1,309 | B |
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| 432 61st Ave Ne | Single Family | 1,020 | B |
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| 6000 Woodrow Wilson Blvd Ne | Single Family | 1,730 | B |
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| 431 61st Ave Ne | Single Family | 939 | B |
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| 426 62nd Ave Ne | Single Family | 1,656 | B |
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| 433 Hampton Ave Ne | Single Family | 1,643 | B |
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| 424 61st Ave Ne | Single Family | 763 | C |
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| 423 61st Ave Ne | Single Family | 1,311 | 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 35 of all properties in this area. This suggests it would appeal to someone earning around $43,621 per year who should qualify for a mortgage between $87,242 and $109,053.
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 35 of all properties in this area. This corresponds to a rent of $738 per month and a monthly household income of $2,480 ($29,760 per year)
Nearby Companies
532 Hampton Ave Ne
516 61st Ave Ne
609 61st Avenue Ne