St. Pete Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating St. Pete Beach Neighborhoods Since 2000




St. Pete Beach, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

St. Pete Beach Housing Market Information

With 9,601 people, 5,077 houses or apartments, and a median cost of homes of $501,161, 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 50.30% of the city's housing units. Other types of housing that are prevalent in St. Pete Beach include single-family detached homes ( 37.76%), duplexes, homes converted to apartments or other small apartment buildings ( 8.13%), and a few row houses and other attached homes ( 3.32%). 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, 74.08% 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 ( 44.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.99%). There's also some housing in St. Pete Beach built before 1939 ( 3.68%).

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

Real estate appreciation rates in St. Pete Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

Appreciation rates are so strong in St. Pete Beach that despite a nationwide downturn in the housing market, St. Pete Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Pete Beach appreciation rates continue to be some of the highest in America, at 10.84%, which is higher than appreciation rates in 95.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Pete Beach. St. Pete Beach appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that St. Pete Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$501,161

St. Pete Beach, FL HOME PRICES

Value Range
> $1,343,000 3.4
$1,008,001 - $1,343,000 7.2
$671,001 - $1,008,000 15.1
$537,001 - $671,000 12.1
$403,001 - $537,000 15.6
$269,001 - $403,000 20.3
$134,001 - $269,000 19.4
$67,001 - $134,000 3.0
$0 - $67,000 4.0

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
5.91234032579398 9.4017094017094

Number Of Homes And Apartments:
5,077

St. Pete Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
112.08% 4.45% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,211 / per month

Homeownership Rate

Homeownership
Owners 66.34
Renters 33.66
Vacant 39.56

Housing Market Details

 

Age of Homes

AGE OF St. Pete Beach HOMES
2000 or Newer 5.0
1970 - 1999 47.3
1940 - 1969 44.0
1939 or Older 3.7

Types of Homes

TYPE OF St. Pete Beach HOMES
Single-Family 37.8
Townhomes 3.3
Small Apt. Buildings 8.1
Apt. Complexes 50.3
Mobile Homes 0.3
Other 0.2

Home Size

SIZE OF St. Pete Beach HOMES
No Bedroom 4.86
1 Bedroom 20.36
2 Bedrooms 48.87
3 Bedrooms 19.98
4 Bedrooms 4.85
5 or more bedrooms 1.10