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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



St. Pete Beach, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

St. Pete Beach, FL Housing Market Trends

With 8,798 people, 4,552 houses or apartments, and a median cost of homes of $998,779, St. Pete Beach house prices are not only among the most expensive in Florida, St. Pete Beach real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in St. Pete Beach, accounting for 50.36% of the city's housing units. Other types of housing that are prevalent in St. Pete Beach include single-family detached homes ( 38.53%), duplexes, homes converted to apartments or other small apartment buildings ( 8.58%), and a few row houses and other attached homes ( 2.19%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Dwellings in St. Pete Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 68.24% of the homes in St. Pete Beach have two or fewer bedrooms.

There is a lot of housing in St. Pete Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in St. Pete Beach built between 1940-1969 ( 40.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.51%). There's also some housing in St. Pete Beach built before 1939 ( 2.96%).

A decent proportion of the St. Pete Beach housing stock is seasonally occupied. That is, homes and condos in St. Pete Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the St. Pete Beach housing market speaks to its popularity as a vacation location of choice.

St. Pete Beach Home Appreciation Rates

In the last 10 years, St. Pete Beach has experienced some of the highest home appreciation rates of any community in the nation. St. Pete Beach real estate appreciated 151.76% over the last ten years, which is an average annual home appreciation rate of 9.67%, putting St. Pete Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, St. Pete Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, St. Pete Beach's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, St. Pete Beach's appreciation rate has been 1.92%, which annualizes to a rate of 7.91%.

Relative to Florida, our data show that St. Pete Beach's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$998,779

St. Pete Beach, FL Home Prices
> $1,480,000
$1,110,001 - $1,480,000
$740,001 - $1,110,000
$592,001 - $740,000
$444,001 - $592,000
$296,001 - $444,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
20.7%
20.7%
14.0%
14.0%
28.6%
28.6%
11.3%
11.3%
8.3%
8.3%
6.2%
6.2%
6.9%
6.9%
1.3%
1.3%
2.5%
2.5%
0% 100.0%
% of Homes
Very High

for Florida

Very High

for nation

Number of Homes And Apartments:

4,552

St. Pete Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,432 / per month

Homeownership Rate

Owners
Renters
74.2%
74.2%
25.8%
25.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
43.5%
43.5%
56.5%
56.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.5%
6.5%
49.6%
49.6%
41.0%
41.0%
3.0%
3.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.5%
38.5%
2.2%
2.2%
8.6%
8.6%
50.4%
50.4%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.7%
3.7%
17.3%
17.3%
47.2%
47.2%
25.7%
25.7%
4.6%
4.6%
1.4%
1.4%
0% 100.0%
% of Homes