CALCMONEY // HOME AFFORDABILITY // FL // ST. PETERSBURG
How much house can you afford in St. Petersburg? Based on local median home prices, current FL mortgage rates, and St. Petersburg property tax data.
$360,000
$2,323/mo
$99,547/yr
$193,719
Monthly housing costs of $2,323 represent 45.0% of St. Petersburg's median gross monthly income ($5,167/mo). At 45.0%, median-income buyers in St. Petersburg are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $360,000 |
| Down Payment (20%) | $72,000 |
| Loan Amount | $288,000 |
| Monthly PI Payment | $1,897 |
| Monthly Property Tax | $276 |
| Monthly Insurance Est. | $150 |
| Total Monthly PITI | $2,323 |
| Housing Cost % of Income | 45.0% |
| Required Income (28% rule) | $99,547/yr |
| Max Affordable Home | $193,719 |
$12,600
$2,960/mo
St. Petersburg Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $360,000 | St. Petersburg city median |
| Down Payment (20%) | $72,000 | Conventional loan |
| Monthly PITI | $2,323 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $99,547 | Annual gross |
| Max Affordable Home | $193,719 | Based on median income |
| FHA Down (3.5%) | $12,600 | Minimum FHA |
| Housing Cost % of Income | 45.0% | Median income: $62,000/yr |
| Property Tax Rate | 0.92% | $3,312/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in St. Petersburg is $360,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $288,000, generating a monthly P&I payment of $1,897. Adding property taxes ($276/mo) and homeowners insurance ($150/mo) brings total monthly PITI to $2,323.
St. Petersburg's property tax rate of 0.92% is near the national average, adding a standard increment to monthly housing costs. On the St. Petersburg median home, that is $276/month, or $3,312 per year.
Florida has no state income tax, improving effective take-home pay for St. Petersburg residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning St. Petersburg's median income of $62,000/year can afford up to $1,447/month in total housing costs. Based on St. Petersburg's mortgage rate of 6.9% and property tax rate of 0.92%, that translates to a maximum affordable home price of approximately $193,719 with 20% down on a 30-year loan.
To afford the median St. Petersburg home priced at $360,000, you need an annual gross income of approximately $99,547. Total monthly housing costs (principal and interest of $1,897, property taxes of $276, and insurance of $150) come to $2,323/month, which equals 28% of the required income.
At the median home price of $360,000 and median household income of $62,000, the total monthly housing cost of $2,323 represents 45.0% of gross monthly income. This is well above the standard 28% threshold, making St. Petersburg a challenging market for buyers at median income.
A conventional 20% down payment on the median St. Petersburg home of $360,000 is $72,000. An FHA loan requires just 3.5% down — $12,600 — but adds mortgage insurance of roughly $246/month, bringing total FHA payments to $2,960/month.