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Market Snapshot

Median listing price
$530K

The median listing price in Saint Petersburg, FL ZIP 33701 is $530,000 as of June 2026.

Median rent
$1,950/mo

The median market rent in Saint Petersburg, FL ZIP 33701 is $1,950/month as of June 2026.

Days on market
384 days

The median days on market in Saint Petersburg, FL ZIP 33701 is 384 days as of June 2026. The market is currently neutral.

Gross rental yield
4.42%

At a median list price of $530,000 and a median rent of $1,950/month, the gross rental yield in Saint Petersburg, FL ZIP 33701 is 4.42% as of June 2026.

STR vs LTR
$2,258/mo STR · $1,950/mo LTR

In Saint Petersburg, FL ZIP 33701, median Airbnb revenue is $2,258/month compared to median long-term rent of $1,950/month as of June 2026.

Saint Petersburg, FL 33701 Real Estate Market Report

ZIP Code: 33701

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
82
Active Listings
64
Sold Properties
18

Market Metrics

Median Listing Price
$530,000
Median Sold Price
$528,000
Median Price per Sqft
$257/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,950

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
1.24%

Liquidity & Velocity

Median Days on Market
384
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Key Findings

  1. The primary market indicator, median sold price of $528,000, points to recent transaction values near current asking levels (median listing price $530,000), suggesting limited spread between seller expectations and completed sales.
  2. The market appears to be cooling with a year-over-year price direction reported as down, while overall market temperature is neutral, which suggests a balanced market rather than a strong seller or buyer market and may indicate cautious pricing strategies.
  3. Extended liquidity signals are present: the median days on market is 384, which indicates slower sales velocity and pricing friction that may lengthen time-to-contract for sellers.
  4. Rental fundamentals are strengthening: median market rent is $1,950 and rent year-over-year trend is up, while interest rate conditions show moderate pressure, which may sustain demand for rentals and influence buyer affordability and purchase timing.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

608 Grove St N, Saint Petersburg, FL 33701
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

5 beds6 baths3,145 sqft
$2,200,000
Mar 1, 2026
$700/sqft/sqft
348 days on market
334 11th Ave Ne, Saint Petersburg, FL 33701
Premium

Sold above market average

3 beds3 baths2,321 sqft
$1,350,000
Mar 1, 2026
$582/sqft/sqft
362 days on market
850 13th Ave N, Saint Petersburg, FL 33701
Premium

Sold above market average

5 beds5 baths2,754 sqft
$1,200,000
Apr 1, 2026
$436/sqft/sqft
431 days on market
937 5th St N, Saint Petersburg, FL 33701
Premium

Sold above market average

2 beds1 baths2,052 sqft
$645,000
Apr 1, 2026
$314/sqft/sqft
283 days on market
1101 Crescent Lake Dr N, Saint Petersburg, FL 33701
Market Benchmark

Sold at market average

3 beds3 baths2,720 sqft
$640,000
Mar 1, 2026
$235/sqft/sqft
110 days on market
540 9th Ave N, Saint Petersburg, FL 33701
Market Benchmark

Sold at market average

2 beds1 baths2,660 sqft
$624,900
Mar 1, 2026
$235/sqft/sqft
208 days on market
843 Queensboro Ave S, Saint Petersburg, FL 33701
Value

Sold below market average

3 beds2 baths2,448 sqft
$325,000
Apr 1, 2026
$133/sqft/sqft
1067 days on market
642 Newton Ave S, Saint Petersburg, FL 33701
Market Benchmark

Sold at market average

3 beds1 baths968 sqft
$230,000
Mar 1, 2026
$238/sqft/sqft
529 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$1,419/mo
33701 Avg Rent
33701 Cost to Own
Rent$1,950
Own$3,369

20% down, 6.50% rate, 1.2% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

33701 Avg nightly rate
33701 Avg occupancy (days/year)
Nightly rate$206/night
Occupancy145 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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