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Welcome to the Sunny City! With 361 sunny days per year, this city is way above the US average of 205 days per year. Campings and RV parking lots are full of snowbirds running from the Northern freezing temperatures. But the city’s rejuvenation process is attracting more businesses and young professionals than ever. Contact the local real estate agents in Saint Petersburg FL today if you want to find vacant land or properties suitable for a vacation rental business or a second or primary residence!
The tallest building in St. Petersburg is One Progress Plaza - a 28-story skyscraper owned by Kucera Properties. While in most cities, the downtown is filled with commercial outlets and fantastic shopping centers, here, the downtown is a residential neighborhood to the delight of real estate agents in Saint Petersburg FL.
If you are interested in buying distressed properties, the local realtors in St. Petersburg FL will assist you in finding a few real estate auctions here as well. Housing is very affordable, with two bedrooms one bathroom mobile homes being priced at less than $15,000 while a one-bedroom, one-bathroom condo/townhome costs less than $50,000. While prices are constantly changing, and you should check listing sites, realtors in St. Petersburg FL say the median home value is at $300,000 at the present time. This is due to the economic growth that impacts the area’s housing prices.
If you buy-to-rent, real estate agents in Saint Petersburg FL won’t hesitate to tell you that you’ve come to the right place. The average monthly rent for an 870 sq. ft. apartment is $1,700, according to RentCafe. Other US cities with fast-growing rents are Phoenix, AZ, Austin, TX, Las Vegas, NV, and Raleigh, NC, according to Chris Salviati from Apartment List.
The local realtors in Saint Petersburg FL told us that the median household income, in 2019, was $62,000 after a 6.2% growth from the previous year. The city’s exponential economic growth will push that value up, however. The city’s steady population growth and growing diversity fueled the development of St. Pete’s culture. Over the last few years, small, locally owned businesses started popping up. This increase in appeal also resulted from the rejuvenation process the downtown area went through. By making the city’s central point more accessible and appealing, the downtown area turned into a work-play-live area of the town where the best things happen.
During the past decade, St. Petersburg experienced a higher income growth than the nation’s average, or Florida’s for that matter. Realtors in St. Petersburg FL know that the market is changing. Reaching out to them will give an inside view of what is currently going on in the market. In the economic sector, while Management Occupations are the second most common job held by residents in St. Pete, these are also the second-highest paying jobs with median incomes of $71,000. Based on industries, the healthcare industry is the most common, while the highest-paying industry is Public Administration, with median earnings of $63,000.
The city is surrounded by water, somewhat facing Tampa Bay. At the Saint Petersburg Sailing Center, you can learn to sail. That’s why you will see many sailing boats floating around - the best place to start if your dream is to be a boating family.
St. Petersburg is the largest city in Pinellas County. Did you know that people flock here for the beaches? Clearwater Beach has come in first place among TripAdvisor voters -the No. 1 beach in the US! Can you believe that? Although it sits in the way of hurricanes, Florida set another tourism record in 2017 with more than 116 million visitors!
The main tourist attraction in St. Petersburg, FL is the Salvador Dali Museum, with the most extensive collection of Salvador Dali works outside of Europe. Visit a few properties too, with one of the best local real estate agents in St. Petersburg FL! Are you planning a trip any time soon?