40th Ave NE / Locust St NE median real estate price is $245,278, which is more expensive than 65.0% of the neighborhoods in Florida and 63.2% of the neighborhoods in the U.S.
The average rental price in 40th Ave NE / Locust St NE is currently $1,449, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.1% of the neighborhoods in Florida.
40th Ave NE / Locust St NE is a suburban neighborhood (based on population density) located in St. Petersburg, Florida.
40th Ave NE / Locust St NE real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the 40th Ave NE / Locust St NE neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in 40th Ave NE / Locust St NE. The current real estate vacancy rate here is 19.5%. This is higher than the rate of vacancies in 84.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. 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.