Mortgage Calculator & Closing Costs: St. Petersburg, FL
Mortgage payment estimates, closing cost breakdowns, and homebuying data for St. Petersburg, Florida.
Median Home Price
$375K
Population
258K
Avg Monthly Rent
$1,650
Property Tax Rate
0.86% *
* Property tax shown is the Florida state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in St. Petersburg.
St. Petersburg vs Florida Median
The median home price in St. Petersburg is $375,000, which is 5% below the Florida state median of $395,000.
Mortgage Calculator — St. Petersburg, FL
Pre-filled with St. Petersburg median home price and Florida tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $375K home using Florida's 0.86% tax rate and $4,200/yr insurance.
5% Down
$3,078/mo
Down: $18,750
Loan: $356K
P&I: $2,252
Tax: $269
Insurance: $350
PMI: $208
10% Down
$2,949/mo
Down: $37,500
Loan: $338K
P&I: $2,133
Tax: $269
Insurance: $350
PMI: $197
20% Down (No PMI)
$2,515/mo
Down: $75,000
Loan: $300K
P&I: $1,896
Tax: $269
Insurance: $350
Income needed (28% rule): $108K/year with 20% down, $126K/year with 10% down.
Rent vs Buy in St. Petersburg
Rent
$1,650/mo
vs
Buy (10% down)
$2,949/mo
Price-to-rent ratio: 18.9 — A ratio between 15-20 means the rent vs buy decision in St. Petersburg depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in St. Petersburg is $375,000, 5% below the Florida state median of $395,000. With a population of 258,308, St. Petersburg is a mid-size city where home prices tend to be more accessible than in many parts of Florida.
Property taxes in Florida average 0.86% annually. This moderate property tax rate means a $375,000 home in St. Petersburg would carry roughly $269/month in property taxes. Homeowners insurance in Florida runs approximately $4,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in St. Petersburg is $1,650/month. The price-to-rent ratio in St. Petersburg is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
St. Petersburg presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in St. Petersburg.