Recognized as Florida's first Green City, St. Petersburg leads the way as one of the healthiest and most sustainable communities in the state. The city has received several awards and distinctions for its pioneering strategies to preserve and conserve natural ecosystems. Some of its sterling works include extensive park systems, more than 50 miles of bicycle trails, and environmental education campaigns. For the last 20 years, St. Petersburg has been the recipient of the Tree City USA award from the National Arbor Day Foundation. A progressive development, it's little wonder this Sunshine City is considered a great place to raise a family.
St. Petersburg, FL is a great place for affordable rent-to-own homes! With a median household income of over $60,798 and a median rent of $1,168, the St. Petersburg, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in St. Petersburg, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
St. Petersburg, FL is seeing rapid growth and St. Petersburg, FL's' housing market remains not optimal with an average home price that is 2% above the 2023 national average. St. Petersburg, FL is part of Pinellas county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Pinellas is 0.91% which is below the national average, which is 0.99%.