Professional grm calculator optimized for residential properties in St. Petersburg. Local market data shows 6.0% average cap rates and $425,000 median property values.
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The St. Petersburg, FL residential real estate market offers unique investment opportunities. With a median home price of $425,000 and average cap rates of 6.0%,residential properties in this market present a stable investment profile.
Current market conditions show properties averaging 31 days on market, with year-over-year appreciation of 6.5%. Average cash-on-cash returns for residential investments in St. Petersburg are approximately 9.6%.