Saint Petersburg, Florida

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%.

Saint Petersburg links:

Sue Goldthorp

I'm here to help

My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Saint Petersburg, Florida.

Saint Petersburg is located in Pinellas County. It has a population of approximately 244,769 people. The population increased 0.7% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 0.5% for Pinellas County and a 1.7% increase for the country as a whole. Saint Petersburg occupies 61.74 of the 273.8 square miles in Pinellas County. It had a population density of 3964.4 persons per square mile in 2010. This compared to 3347.5 for the county, 350.6 for Florida and 87.4 for the country.

25.7% ( 129,401) of the 504,146 housing units in Pinellas County are in Saint Petersburg (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Saint Petersburg has a 63.2 homeownership rate compared to Pinellas County's 69.6% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Pinellas County 916,542 $37,192 0.5% $45,891 504,146 $172,900
Saint Petersburg 244,769 $6,1200.7%$44,510 129,401$167,800

Saint Petersburg's medium household income in 2011 was $44,510. Pinellas County's medium household income was $45,891, which is lower than the medium income for Florida as a whole: $47,827. 15.3% of the population in Saint Petersburg lives below the poverty line, compared to 14.7% in Florida, 12.6% of the population in Pinellas County and 14.3% nationwide. Additional Information:

Saint Petersburg Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Saint Petersburg. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $6,120 million, Saint Petersburg's economic activity represents 16.46% of Pinellas County's $37,192MM in economic activity. Pinellas County represents 5.90% of the Florida economy.

Saint Petersburg Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $1,601 26.2%
Merchant wholesaler sales $806 13.2%
Retail sales $3,262 53.3%
Accommodation and food services sales $451 7.4%
Total $6,120100%

Pinellas County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Clearwater 107,685 $4,4220.4%$41,986 59,156$179,900
Dunedin 35,321 $3550.3%$48,420 21,113$184,800
Largo 77,648 $2,077Z$40,493 46,859$114,900
Oldsmar 13,591 $9350.6%$55,114 5,871$177,400
Palm Harbor 57,439 $1,080X$54,133 30,339$200,600
Pinellas Park 49,079 $6,1601.2%$43,132 23,458$132,600
Safety Harbor 16,884 $2270.5%$60,611 8,062$235,500
Saint Petersburg 244,769 $6,1200.7%$44,510 129,401$167,800
Seminole 17,233 $4010.2%$47,013 10,344$164,300
Tarpon Springs 23,484 $6170.7%$44,826 12,433$190,500

Pinellas County is located in the Tampa Bay Region. This region is responsible for 22.6% of Florida's economic activity. Pinellas County represents 26.1% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Citrus County 141,236 $1,515 -1.3% $38,189 78,423 $134,800
Hernando County 172,778 $2,311 0.4% $42,700 84,887 $145,000
Pasco County 464,697 $6,731 1.2% $44,103 231,008 $145,100
Hillsborough County 1,229,226 $48,928 3.9% $50,195 540,190 $185,900
Pinellas County 916,542 $37,192 0.5% $45,891 504,146 $172,900
Polk County 602,095 $27,540 2.3% $44,398 281,004 $133,200
Manatee County 322,833 $9,029 3.4% $48,181 173,660 $195,300
Sarasota County 379,448 $9,371 1.8% $49,212 229,346 $213,400
Total 4,318,438 $142,617 1.5% $45,359 2,122,664 $165,700

Saint Petersburg Real Estate

There are 152,264 properties in Saint Petersburg. The following table shows a summary of them based on 2014 sales data.

Saint Petersburg Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 8 0.01 1 $600,000 $194June 1st, 2014June 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 270 0.18 2 $417,500 $27June 1st, 2014July 1st, 2014
Health Care 39 0.03 1 $18,219,000 $259April 1st, 2014April 1st, 2014
Hotel & Motel 1,643 1.08 145 $330,000 $411January 1st, 2014September 1st, 2014
Industrial 1,177 0.77 44 $292,500 $43January 1st, 2014September 1st, 2014
Miscellaneous Property 88 0.06 1 $750,000 $1,563July 1st, 2014July 1st, 2014
Mobile/Manufactured 3,276 2.15 155 $35,000 $37January 1st, 2014September 1st, 2014
Multifamily 7,706 5.06 564 $141,000 $68January 1st, 2014October 1st, 2014
Office 1,689 1.11 51 $296,000 $103January 1st, 2014September 1st, 2014
Residential 133,253 87.51 7,985 $107,300 $86January 1st, 2014October 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 2,295 1.51 98 $550,000 $153January 1st, 2014October 1st, 2014
Senior Housing 61 0.04 1 $3,000,000 $147February 1st, 2014February 1st, 2014
Special Purpose 657 0.43 10 $312,500 $105February 1st, 2014August 1st, 2014
Sports & Entertaining 102 0.07 3 $1,600,000 $157January 1st, 2014April 1st, 2014

Agricultural Real Estate in Saint Petersburg, Florida

8( .01%) of the properties in Saint Petersburg are classified as Agricultural. 1 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $600,000. The median sales price was $600,000. In 2014 the median sales price for Agricultural in Saint Petersburg was $194 per sq ft.

Commercial Real Estate in Saint Petersburg, Florida

0( .00%) of the properties in Saint Petersburg are classified as Commercial.

Government Real Estate in Saint Petersburg, Florida

270( .18%) of the properties in Saint Petersburg are classified as Government. 2 of them sold between June 1st, 2014 and July 1st, 2014. The total value of these sales was $835,000. The median sales price was $417,500. In 2014 the median sales price for Government Property in Saint Petersburg was $27 per sq ft.

Health Care Real Estate in Saint Petersburg, Florida

39( .03%) of the properties in Saint Petersburg are classified as Health Care. 1 of them sold between April 1st, 2014 and April 1st, 2014. The total value of these sales was $18,219,000. The median sales price was $18,219,000. In 2014 the median sales price for Health Care in Saint Petersburg was $259 per sq ft.

Hotel & Motel Real Estate in Saint Petersburg, Florida

1,643( 1.08%) of the properties in Saint Petersburg are classified as Hotel & Motel. 145 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $917,389,300. The median sales price was $330,000. In 2014 the median sales price for A Class Hotel & Motel in Saint Petersburg was ####### per sq ft, B Class properties sold for $411/ft and C Class $182/ft.

Industrial Real Estate in Saint Petersburg, Florida

1,177( .77%) of the properties in Saint Petersburg are classified as Industrial. 44 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $45,093,500. The median sales price was $292,500. In 2014 the median sales price for A Class Industrial in Saint Petersburg was $99 per sq ft, B Class properties sold for $43/ft and C Class $26/ft.

Miscellaneous Real Estate in Saint Petersburg, Florida

88( .06%) of the properties in Saint Petersburg are classified as Miscellaneous. 1 of them sold between July 1st, 2014 and July 1st, 2014. The total value of these sales was $750,000. The median sales price was $750,000. In 2014 the median sales price for Miscellaneous Property in Saint Petersburg was $1,563 per sq ft.

Mobile/Manufactured Real Estate in Saint Petersburg, Florida

3,276( 2.15%) of the properties in Saint Petersburg are classified as Mobile/Manufactured. 155 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $6,440,100. The median sales price was $35,000. In 2014 the median sales price for A Class Mobile/Manufactured in Saint Petersburg was $63 per sq ft, B Class properties sold for $37/ft and C Class $18/ft.

Multifamily Real Estate in Saint Petersburg, Florida

7,706( 5.06%) of the properties in Saint Petersburg are classified as Multifamily. 564 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $274,666,400. The median sales price was $141,000. In 2014 the median sales price for A Class Multifamily in Saint Petersburg was $186 per sq ft, B Class properties sold for $68/ft and C Class $24/ft.

Office Real Estate in Saint Petersburg, Florida

1,689( 1.11%) of the properties in Saint Petersburg are classified as Office. 51 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $31,826,600. The median sales price was $296,000. In 2014 the median sales price for A Class Office in Saint Petersburg was $313 per sq ft, B Class properties sold for $103/ft and C Class $45/ft.

Residential Real Estate in Saint Petersburg, Florida

133,253( 87.51%) of the properties in Saint Petersburg are classified as Residential. 7,985 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $1,505,343,565. The median sales price was $107,300. In 2014 the median sales price for A Class Residential in Saint Petersburg was $213 per sq ft, B Class properties sold for $86/ft and C Class $33/ft.

Residential Real Estate in Saint Petersburg, Florida

0( .00%) of the properties in Saint Petersburg are classified as Residential.

Retail Real Estate in Saint Petersburg, Florida

2,295( 1.51%) of the properties in Saint Petersburg are classified as Retail. 98 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $95,750,900. The median sales price was $550,000. In 2014 the median sales price for A Class Retail in Saint Petersburg was $617 per sq ft, B Class properties sold for $153/ft and C Class $48/ft.

Senior Housing Real Estate in Saint Petersburg, Florida

61( .04%) of the properties in Saint Petersburg are classified as Senior Housing. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $3,000,000. The median sales price was $3,000,000. In 2014 the median sales price for Senior Housing in Saint Petersburg was $147 per sq ft.

Special Purpose Real Estate in Saint Petersburg, Florida

657( .43%) of the properties in Saint Petersburg are classified as Special Purpose. 10 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $14,509,500. The median sales price was $312,500. In 2014 the median sales price for Special Purpose in Saint Petersburg was $105 per sq ft.

Sports & Entertaining Real Estate in Saint Petersburg, Florida

102( .07%) of the properties in Saint Petersburg are classified as Sports & Entertaining. 3 of them sold between January 1st, 2014 and April 1st, 2014. The total value of these sales was $4,154,600. The median sales price was $1,600,000. In 2014 the median sales price for Sports & Entertaining in Saint Petersburg was $157 per sq ft.

Saint Petersburg, Pinellas County Market Data

Saint Petersburg Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 8 17,382
Government Property 251 12,077,745
Health Care 37 3,868,633
Hotel & Motel 1,621 6,297,097
Industrial 1,125 19,685,558
Land 4,134 3,995,066
Miscellaneous Property 85 867,291
Mobile/Manufactured 3,258 3,054,592
Multifamily 7,544 34,479,078
Office 1,592 18,063,011
Residential 132,791 193,176,638
Retail 2,158 18,654,793
Senior Housing 61 3,096,461
Special Purpose 581 9,073,273
Sports & Entertaining 96 1,112,192

Saint Petersburg Median Property Values per Sq Ft

Saint Petersburg Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $730$24 $282$12 $64$7
Auto sales, auto repair and storage or auto service shop 2016 $730$32 $282$16 $64$8
Bowling alley, skating rink, pool hall or enclosed arena 2016 $730$37 $282$17 $64$7
Centrally assessed 2016 $730$42 $282$15 $64$6
Church 2016 $730$24 $282$12 $64$7
Club, lodge or union hall 2016 $730$24 $282$12 $64$7
College 2016 $730$30 $282$15 $64$7
Community Shopping Center 2016 $730$32 $282$16 $64$8
Condominium 2016 $730$16 $282$16 $64$16
Cooperative 2016 $730$16 $282$16 $64$16
County Owned 2016 $730$30 $282$15 $64$7
Cultural organization, facility 2016 $730$24 $282$12 $64$7
Drive-in Restaurant 2016 $730$32 $282$16 $64$8
Enclosed theater or auditorium 2016 $730$37 $282$17 $64$7
Federal Owned 2016 $730$30 $282$15 $64$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $730$32 $282$16 $64$8
Florist or greenhouse 2016 $730$32 $282$16 $64$8
Food processing 2016 $730$17 $282$10 $64$5
Forest, park or recreational area 2016 $730$30 $282$15 $64$7
Golf course or driving range 2016 $730$37 $282$17 $64$7
Government Undefined 2016 $730$30 $282$15 $64$7
Grazing land soil capability Class I 2016 $730$27 $282$15 $64$9
Heavy industrial 2016 $730$17 $282$10 $64$5
Home for the aged 2016 $730$15 $282$10 $64$9
Hotel or motel 2016 $730$33 $282$33 $64$33
Improved agricultural 2016 $730$27 $282$15 $64$9
Insurance company office 2016 $730$30 $282$18 $64$11
Light manufacturing 2016 $730$17 $282$10 $64$5
Lumber yard, sawmill or planing mill 2016 $730$17 $282$10 $64$5
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $730$17 $282$10 $64$5
Miscellaneous Residential (migrant camp or boarding home.) 2016 $730$33 $282$33 $64$33
Mixed use - store and office or store and residential or residential combination 2016 $730$32 $282$16 $64$8
Mobile Home 2016 $730$6 $282$6 $64$6
Mortuary, cemetery or crematorium 2016 $730$24 $282$12 $64$7
Multi-family - 10 units or more 2016 $730$22 $282$13 $64$7
Multi-family - less than 10 units 2016 $730$22 $282$13 $64$7
Municipal Owned 2016 $730$30 $282$15 $64$7
Nightclub, cocktail lounge or bar 2016 $730$37 $282$17 $64$7
Office building, non-professional service building, multi-story 2016 $730$30 $282$18 $64$11
Office building, non-professional service building, one story 2016 $730$30 $282$18 $64$11
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $730$17 $282$10 $64$5
Orphanage, other non-profit or charitable services 2016 $730$24 $282$12 $64$7
Private school or college 2016 $730$24 $282$12 $64$7
Privately owned hospital 2016 $730$25 $282$17 $64$11
Professional service building 2016 $730$30 $282$18 $64$11
Public county school 2016 $730$30 $282$15 $64$7
Regional Shopping Center 2016 $730$32 $282$16 $64$8
Repair service shop (excluding automotive) 2016 $730$32 $282$16 $64$8
Restaurant, cafeteria 2016 $730$32 $282$16 $64$8
Sanitarium or convalescent rest home 2016 $730$25 $282$17 $64$11
Service station 2016 $730$32 $282$16 $64$8
Single Family 2016 $730$16 $282$16 $64$16
State Owned 2016 $730$30 $282$15 $64$7
Store, one story 2016 $730$32 $282$16 $64$8
Supermarket 2016 $730$32 $282$16 $64$8
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $730$37 $282$17 $64$7
Utility 2016 $730$42 $282$15 $64$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $730$17 $282$10 $64$5