The LTR Genie Score of Saint Petersburg, FL is 65, indicating a moderate level of rentability for long-term rental properties. This is likely influenced by the low LTR Rentability and modest LTR Rent Growth Rate of 0.0737%. On the other hand, the STR Genie Score is 85, suggesting a high level of rentability for short-term rental properties. This is supported by the strong STR Net ROI of 52.84% and high STR Occupancy rate of 77.42.
In comparison, the STR Genie Score is significantly higher than the LTR Genie Score, indicating that short-term rental investment may be more lucrative in Saint Petersburg, FL. With a 1-Year Price Appreciation Forecast of 0.5%, the market shows potential for growth in property values. Additionally, the STR Revenue of 3243 further supports the attractiveness of short-term rental investment in this area.
Overall, Saint Petersburg, FL appears to be more attractive for short-term rental investment rather than long-term rental investment. The market shows strong potential for high returns and occupancy rates in the short-term rental sector. Real estate investors looking to capitalize on the tourism market and maximize their ROI may find this market particularly appealing.
Saint Petersburg, FL is a popular tourist destination known for its beautiful beaches, vibrant arts scene, and historic neighborhoods. The city offers a mix of cultural attractions, outdoor activities, and a thriving dining and nightlife scene, making it a desirable location for both tourists and potential renters.
Explore available listings and evaluate market performance.
Saint Petersburg, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,110
Monthly Cash Flow
$434
Principal + Equity
$2,764
Annual Total Gain
$38,381
Cash on Cash
5.97%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$227
Occupancy Rate
77.42%
Monthly Revenue
$3,243
Monthly Cash Flow
$1,080
Principal + Equity
$2,764
Annual Total Gain
$46,134
Cash on Cash %
14.85%
Net ROI %
Market Health & Growth
Median Income
$73,118
Population
260,646
LTR Renter %
37.01%
Forecast (1 yr)
0.5%
Appreciation (1 yr)
-9.75%
Appreciation (5 yr)
39.4%
Appreciation (10 yr)
127.72%
Job Growth
0%
LTR Rentability
Low
STR Demand
75
STR Rentals
7,405
Top Public Schools
ASt. Petersburg Collegiate High School
ADr. Kiran C. Patel High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#46out of 229 markets
Best Cities to Retire in America
#4out of 229 markets
Best Cities to Raise a Family in America
#58out of 229 markets
B-
Public School
C-
Crime And Safety
C
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Saint Petersburg, FL.
In Saint Petersburg, FL, Short Term Rentals (STRs) are regulated by the city's zoning code and the city's Code of Ordinances. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Saint Petersburg:
1. Zoning Restrictions: The city of Saint Petersburg has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. Investors should check the city's zoning map to ensure that the property they are considering purchasing is located in a zone that permits Short Term Rentals.
2. Licensing Requirements: In Saint Petersburg, property owners who wish to operate a Short Term Rental must obtain a business tax receipt and a Short Term Rental license from the city. These licenses must be renewed annually and there are fees associated with obtaining them.
3. Occupancy Limits: The city of Saint Petersburg has occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and Nuisance Regulations: The city of Saint Petersburg has regulations in place to address noise and nuisance issues that may arise from Short Term Rentals. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxes: Property owners who operate Short Term Rentals in Saint Petersburg are required to collect and remit tourist development taxes and sales taxes on rental income. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
6. Homeowner's Association Restrictions: If the property is located in a community with a homeowner's association (HOA), investors should check the HOA's rules and regulations regarding Short Term Rentals. Some HOAs may have restrictions or prohibitions on Short Term Rentals.
Overall, investors considering purchasing a property for Short Term Rental in Saint Petersburg, FL should thoroughly research and understand the city's regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Saint Petersburg, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Saint Petersburg, FL.
