Tampa, FL vs St. Petersburg, FL: housing market comparison
Tampa, FL is the cheaper of the two. The typical Tampa home is $30,000 less than the typical St. Petersburg home — 6% below it — on Redfin's median sale price through May 2026, the last month Redfin published. At today's 7.03% 30-year fixed rate with 20% down, that works out to $2,016/mo in principal and interest in Tampa against $2,536/mo in St. Petersburg, a $520 monthly difference in Tampa's favour. On supply, St. Petersburg is the more buyer-friendly market of the two, with 4.0 months of supply against 3.2 months.
Tampa, FL vs St. Petersburg, FL at a glance
St. Petersburg, FL
median sale price
$475,000
Redfin, through May 2026
Tampa vs St. Petersburg, metric by metric
Every row carries its own source and period, because the two providers behind this table are no longer on the same clock. Zillow's value and rent indices refresh monthly. Redfin's sale, pace and supply figures are final at May 2026 and will not move again — compare them to each other, not to the Zillow rows.
| Metric | Tampa, FL | St. Petersburg, FL |
|---|---|---|
| Typical home value (ZHVI)Zillow · Aug 2026 | $377,566 | not published |
| Value change, 12 monthsZillow · Aug 2026 | -1.0% | not published |
| Median sale priceRedfin · May 2026 | $445,000 | $475,000 |
| Price per square footRedfin · May 2026 | $300/sq ft | $332/sq ft |
| Days on marketRedfin · May 2026 | 43 days | 41 days |
| Months of supplyRedfin · May 2026 | 3.2 months | 4.0 months |
| Active inventoryRedfin · May 2026 | 1,814 listings | 1,809 listings |
| Sale-to-list ratioRedfin · May 2026 | 96.7% | 96.7% |
| Typical asking rent (ZORI)Zillow · Aug 2026 | $1,957/mo | not published |
| Market condition | Balanced market | Balanced market |
What this comparison is missing
- Zillow does not publish a home value index (ZHVI) for St. Petersburg, FL, so the value comparison falls back to Redfin's final median sale price on that side.
- Zillow does not publish an asking-rent index (ZORI) for St. Petersburg, FL, so we cannot run a like-for-like rent-vs-buy comparison across this pair.
We would rather show you a one-sided row than fill a gap with a number from a different city, a different month, or a different provider.
What each metric means when you are choosing between two cities
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home is worth right now, whether or not it sold. Because it covers all homes rather than only the ones that traded, it is the fairest single number to set two cities against each other — a city where three mansions happened to close last month does not look artificially expensive.
- Median sale price
- What actually closed. Half of sales were above this, half below. Useful because it is a real transaction record, but it swings with the mix of homes that sold, which is exactly the distortion ZHVI removes. Ours is Redfin's, frozen at May 2026.
- Price per square foot
- The size-adjusted price, and the row that most often reverses the headline. A cheaper city with much smaller typical homes can cost more per square foot than the expensive one — which changes what your budget actually buys.
- Days on market
- Median time from listing to accepted offer. In a comparison it tells you how differently you have to behave in each city: a 20-day market needs financing in hand before you tour, a 70-day market gives you time to inspect, compare and negotiate.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favours sellers, over 6 favours buyers, 3 to 6 is balanced. The city with more supply is where your offer has more room in it.
- Active inventory
- The raw count of homes for sale. Read it next to population, not on its own — 2,000 listings is abundant choice in a small metro and thin in a large one.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding over asking is normal there; below 100% means the typical buyer got a discount off the list price.
- Typical asking rent (ZORI)
- Zillow's index of asking rents on new leases. Paired with the home value it produces the price-to-rent ratio below, which is the cleanest way to compare the cost of staying flexible in two different cities.
What does each city actually cost per month?
Priced off each city's best available price series at the current 7.03% 30-year fixed rate. These are principal and interest only. Property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top of every figure here, and they are the single biggest reason a cross-state comparison can invert: the same payment in two states can carry very different annual tax and insurance bills.
| Scenario | Tampa, FL | St. Petersburg, FL |
|---|---|---|
| Price the math runs on | $377,566 | $475,000 |
| Cash at close, 20% down | $75,513 | $95,000 |
| Monthly P&I, 20% down | $2,016/mo | $2,536/mo |
| Cash at close, 5% down | $18,878 | $23,750 |
| Monthly P&I, 5% down | $2,394/mo | $3,011/mo |
| Income needed at 28% of gross | $86,385/yr | $108,678/yr |
Zillow, August 2026 and Redfin, through May 2026 for the prices · Freddie Mac via FRED, September 2026 for the rate
Does the local income support the local price?
The payment only tells you half the story. The other half is whether the local economy produces the income to carry it. A typical Tampa, FL home costs 5.3x the median household income there; in St. Petersburg, FL it is 6.5x. Roughly 3x was the postwar U.S. norm and 5x or higher is strained, so St. Petersburg is the more stretched of the two on this measure — which usually shows up as a larger required down payment and more reliance on dual incomes rather than as a lower price.
Run it with your own numbers: affordability calculator · mortgage calculator
Deciding between Tampa and St. Petersburg?
Tell us which one you are leaning toward and when you want to move. We send the market brief for both: the price ranges that actually clear, how long homes sit, what the payment looks like at this week's rate, and what to fix on your credit before you apply.
Rent or buy: Tampa vs St. Petersburg
Zillow publishes its Observed Rent Index for Tampa, FL but not St. Petersburg, FL, so we cannot put both cities on the same price-to-rent scale. We are not going to borrow a nearby market's rents and call them local — that would produce a ratio that looks precise and is not. The rent vs. buy calculator works with a rent figure you supply.
Population and income: the context behind the prices
American Community Survey five-year estimates. These are here for one reason: a price is only meaningful next to the income that has to carry it and the size of the market it sits in. This is a description of economic data, not of the people who live in either city.
| Measure | Tampa, FL | St. Petersburg, FL |
|---|---|---|
| Median household incomeCensus · 2023 | $71,302/yr | $73,118/yr |
| PopulationCensus · 2023 | 393,389 | 260,646 |
| Owner-occupied homesCensus · 2023 | 50.2% | 63.0% |
| Home price as a multiple of incomeCensus · 2023 | 5.3x | 6.5x |
| Public schools in our datasetNCES | 173 schools | 2 schools |
Median household income is $73,118 in St. Petersburg, FL against $71,302 in Tampa, FL. The pricier city also earns more, which is the normal pattern — the question is whether the income gap is proportional to the price gap, and the price-to-income multiples above answer it directly. On size, Tampa, FL has 393,389 residents and St. Petersburg, FL has 260,646. Read the inventory row in the table above against these figures rather than on its own — the same listing count means very different odds of finding what you want in a market that is 1.5 times the size of the other. Owner-occupancy runs 50.2% in Tampa and 63.0% in St. Petersburg. That share sets how much of the local housing stock ever reaches the for-sale market at all: a heavily rented market puts a larger part of its inventory permanently out of a buyer's reach.
School counts are the number of public schools the National Center for Education Statistics lists inside each city, and nothing more — a coverage count, not a quality ranking, and not a proxy for anything else.
Which city wins depends on what you are buying for
There is no single answer to Tampa vs St. Petersburg. Three different buyers read the same table three different ways, so here is each of them, reasoned from the numbers above and nothing else.
If you are buying your first home
Your binding constraint is cash at close and the payment, in that order. At 5% down the entry cheque is $18,878 in Tampa and $23,750 in St. Petersburg, a difference of $4,872 before closing costs — and the payment that follows is $2,394 against $3,011 a month. Tampa is the lower barrier on both. The price-to-income multiples (5.3x in Tampa, 6.5x in St. Petersburg) matter more to you than to anyone else on this page, because a stretched multiple is what turns into a declined application: St. Petersburg is where you are more likely to need a co-borrower, a larger down payment, or a target price below the city's typical home. On pace, Tampa is the slower market at 43 days versus 41 — more time to get an inspection, compare two options, and avoid waiving contingencies you should not waive on a first purchase.
If you are buying to rent it out
We cannot compute a rent yield for both cities because Zillow does not publish an asking-rent index for both, so the yield comparison an investor actually needs is not available on this pair. St. Petersburg carries the deeper supply at 4.0 months, which is where an acquisition price below the median is realistically negotiable. Owner-occupancy of 50.2% in Tampa versus 63.0% in St. Petersburg is a rough read on how established the rental market already is in each.
If you are relocating from one to the other
Moving from St. Petersburg, FL to Tampa, FL frees roughly $30,000 of purchase price at the typical-home level, or about $520 a month at the same down payment and rate. Moving the other way costs you the same amount. Check the move against pay, not just price: median household income is $71,302 in Tampa, FL and $73,118 in St. Petersburg, FL. A relocation that cuts your housing cost by 20% and your salary by 25% has not made you better off, and the price-to-income multiples above are the fastest way to see whether the two markets are priced consistently against local pay. Both cities are in FL, so state income tax and state insurance regulation are the same on either side of this decision. That makes the price and payment gap above unusually close to the real difference in cost — county and municipal property tax rates are the main remaining variable. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Tampa vs St. Petersburg: common questions
Is Tampa or St. Petersburg cheaper?
Tampa is cheaper. On Redfin's final published median sale price for May 2026, the typical Tampa, FL home is $30,000 less than the typical St. Petersburg, FL home — 6% below it. That series is frozen: Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What monthly payment should I expect in Tampa vs St. Petersburg?
At the current 7.03% 30-year fixed rate with 20% down, principal and interest run about $2,016 a month on a typical Tampa, FL home and $2,536 on a typical St. Petersburg, FL home — a difference of $520 a month, or $6,242 a year, in Tampa's favour. These are principal and interest only; property tax, insurance, HOA dues and mortgage insurance are on top and differ by state.
Which market gives a buyer more negotiating room, Tampa or St. Petersburg?
St. Petersburg, on the supply data. Tampa, FL carried 3.2 months of supply against St. Petersburg, FL's 4.0 months, and homes sat a median of 43 days in Tampa versus 41 days in St. Petersburg. More supply and longer marketing times are what actually produce price cuts, repair credits and closing-cost concessions. Both figures are Redfin's final published month, May 2026, so treat them as the last confirmed reading rather than today's condition.
Is it better to rent or buy in Tampa and St. Petersburg?
Zillow does not publish an asking-rent index for both of these cities, so a like-for-like rent-vs-buy ratio is not available for this pair. The rent vs. buy calculator works with a rent figure you supply.
Which city's prices are moving faster?
We hold a complete 12-month value series for at most one of these cities, so we are not going to call a momentum winner. Each city page charts every period we do have.
Where does the data on this page come from and how current is it?
Three sources on three different clocks. Zillow's Home Value Index and Observed Rent Index still refresh every month and are current through August 2026 — that is why every headline number on this page leads with Zillow. Redfin's median sale price, price per square foot, days on market, months of supply and inventory are labelled "through May 2026" because redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Income and population are U.S. Census American Community Survey five-year estimates (2023 vintage), and the mortgage rate is Freddie Mac's weekly survey via FRED, read September 2026.
Go deeper on either market
Related comparisons
Tampa vs St. Petersburg is filed under in-state rivals on the comparison index. Both cities sit in the same state, so property tax regimes, insurance markets, title practice and state income tax are held constant. Whatever price gap you see is a housing-market gap, not a tax gap — which makes these the cleanest comparisons on the site.
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