Tierra Verde median real estate price is $389,167, which is more expensive than 92.2% of the neighborhoods in Florida and 85.5% of the neighborhoods in the U.S.
The average rental price in Tierra Verde is currently $1,507, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.3% of the neighborhoods in Florida.
Tierra Verde is a suburban neighborhood (based on population density) located in St. Petersburg, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Tierra Verde real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Tierra Verde neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Tierra Verde. The current real estate vacancy rate here is 26.4%. This is higher than the rate of vacancies in 91.9% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.