Downtown St Petersburg median real estate price is $1,405,572, which is more expensive than 97.5% of the neighborhoods in Florida and 96.1% of the neighborhoods in the U.S.
The average rental price in Downtown St Petersburg is currently $2,658, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.4% of the neighborhoods in Florida.
Downtown St Petersburg is an urban neighborhood (based on population density) located in St. Petersburg, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Downtown St Petersburg real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Downtown St Petersburg neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Downtown St Petersburg. The current real estate vacancy rate here is 19.3%. This is higher than the rate of vacancies in 87.5% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Downtown St Petersburg neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Downtown St Petersburg is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, one of the really unique and interesting things about the look and setting of the Downtown St Petersburg neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 85.9% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.6% of all neighborhoods in America.
In the Downtown St Petersburg neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 44.5% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.2% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
One of the most interesting things about the Downtown St Petersburg neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 58.2% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.3% of the neighborhoods in America.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Downtown St Petersburg neighborhood, where 38.1% have earned an advanced degree. Compare that to the average neighborhood in America, where just 14.1% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 96.0% of the neighborhoods in America.
Also, if you're nearing retirement age, or in retirement, the Downtown St Petersburg is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.2% of retiree-friendly neighborhoods in Florida, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Florida. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.
The Downtown St Petersburg neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.8% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.
Did you know that the Downtown St Petersburg neighborhood has more Irish and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.6% of this neighborhood's residents have Irish ancestry and 1.6% have Eastern European ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Downtown St Petersburg neighborhood in St. Petersburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.2% of the neighborhoods in America. With 33.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.9% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Downtown St Petersburg neighborhood, 68.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 14.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.5%), and 5.5% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Downtown St Petersburg neighborhood is English, spoken by 84.5% of households. Other important languages spoken here include Spanish and French.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Downtown St Petersburg neighborhood in St. Petersburg, FL, residents most commonly identify their ethnicity or ancestry as Irish (23.6%). There are also a number of people of English ancestry (11.5%), and residents who report German roots (10.7%), and some of the residents are also of Italian ancestry (6.7%), along with some Polish ancestry residents (6.3%), among others. In addition, 12.5% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Downtown St Petersburg neighborhood spend under 15 minutes commuting one-way to work (36.8% of working residents), one of the shortest commutes across America.
Here most residents (41.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.