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

St. Petersburg, FL has a median modeled monthly cash flow of $-1,228 and a median cap rate of 2.7%, on a median sold price of $457,500. Prices changed +0.9% 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 2.7%, 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 $457,500 (about $332 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.

$457,500Median sold price

$332Median $/sqft

2.7%Median cap rate

$-1,228Modeled cash flow / mo

+0.9%Appreciation YoY

9.6Months of supply

3,979Active listings

4,973Sold (last 12 mo)

What the St. Petersburg numbers say

In St. Petersburg, FL, the median home sold for $457,500 (about $332 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,228 of monthly cash flow. Sold prices moved +0.9% over the past year. Inventory sits at about 9.6 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.