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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 9,649, 4,994 total housing units (homes and apartments), and a median house value of $604,387, 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 48.78% of the city's housing units. Other types of housing that are prevalent in St. Pete Beach include single-family detached homes ( 39.82%), duplexes, homes converted to apartments or other small apartment buildings ( 7.91%), and a few row houses and other attached homes ( 3.01%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Dwellings in St. Pete Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 67.23% 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 ( 40.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.29%). There's also some housing in St. Pete Beach built before 1939 ( 3.44%).
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.
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 78.68% over the last ten years, which is an average annual home appreciation rate of 5.98%, 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.
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 7.49%, which is higher than appreciation rates in 92.75% 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 1.85%, which equates to an annual appreciation rate of 7.62%.
Importantly, this makes St. Pete Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
|$973,001 - $1,297,000||13.8|
|$648,001 - $973,000||19.7|
|$519,001 - $648,000||11.6|
|$389,001 - $519,000||17.5|
|$260,001 - $389,000||17.8|
|$130,001 - $260,000||9.7|
|$65,001 - $130,000||2.0|
|$0 - $65,000||2.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF St. Pete Beach HOMES|
|2000 or Newer||6.3|
|1970 - 1999||50.0|
|1940 - 1969||40.3|
|1939 or Older||3.4|
|TYPE OF St. Pete Beach HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF St. Pete Beach HOMES|
|5 or more bedrooms||0.90|