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 about Scout's Real Estate Data
With a population of 8,798, 4,552 total housing units (homes and apartments), and a median house value of $996,177, 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%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which 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.
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 145.58% over the last ten years, which is an average annual home appreciation rate of 9.40%, 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.
Over the last year, St. Pete Beach appreciation rates have trailed the rest of the nation. In the last twelve months, St. Pete Beach's appreciation rate has been 1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Pete Beach were at 0.30%, which equates to an annual appreciation rate of 1.19%.
Notably, St. Pete Beach's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that St. Pete Beach's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
$996,177
for Florida
for nation
4,552
$3,462 / per month