Is St. Petersburg, FL a good place to invest in rental property?

St. Petersburg, FL has a median modeled monthly cash flow of $-1,268 and a median cap rate of 2.6%, on a median sold price of $505,000. Prices changed +2.3% year over year.

What is the average cap rate in St. Petersburg, FL?

The median cap rate across recently sold homes in St. Petersburg, FL is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in St. Petersburg, FL?

The median sold price in St. Petersburg, FL is $505,000 (about $353 per square foot).

Investing in St. Petersburg, FL Real Estate

A data-driven snapshot of the St. Petersburg, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$505,000Median sold price

$353Median $/sqft

2.6%Median cap rate

$-1,268Modeled cash flow / mo

+2.3%Appreciation YoY

14.8Months of supply

3,102Active listings

2,523Sold (last 12 mo)

What the St. Petersburg numbers say

In St. Petersburg, FL, the median home sold for $505,000 (about $353 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,268 of monthly cash flow. Sold prices moved +2.3% over the past year. Inventory sits at about 14.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Florida markets to compare

See St. Petersburg cash-flowing listings

CashFlowRE ranks every for-sale home in St. Petersburg, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen St. Petersburg deals, or browse the national market data.