Investment metrics, interactive calculators, and data-driven analysis for St. Petersburg rental properties.
Pre-filled with St. Petersburg medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in St. Petersburg.
St. Petersburg, FL has a population of 266,390 and has been growing at 1.4% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $355,000 paired with median rents of $1,700/mo produces an estimated cap rate of 3.86%.
Property taxes at 0.82% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 4.7% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 6.3x, homes cost about 6.3 times the local median income of $56,800. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 4.1% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: At current median prices, St. Petersburg is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.