Median household income: $73,118; value-to-income ratio 4.53. St. Petersburg ranks 163 by home value and 5 by population among 343 places in our FL dataset.
What does a first-time buyer loan cost on a typical St. Petersburg home?
| Item | St. Petersburg |
|---|---|
| Median home value (Census ACS) | $331,500 |
| Florida median home value | $325,000 |
| Down payment (3%) | $9,945 |
| Loan amount | $321,555 |
| Estimated monthly payment (PITI + MI) | $2,761 |
| Income needed (28% / 36%) | $119,000 / $93,000 |
| Pinellas County 2026 conforming limit (1 unit) | $832,750 |
| Max purchase price at the limit | $858,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Payment includes Florida's 0.79% effective property tax rate (Census ACS), $2,779/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.
What is the 2026 conforming loan limit in St. Petersburg?
St. Petersburg is in Pinellas County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.
The St. Petersburg median home value of $331,500 is 2% above the Florida median, and within what the county limit supports.
Which down payment assistance programs can St. Petersburg buyers use?
- Housing Down Payment Assistance Program — 20% of sales price plus $5,000 closing costs, up to $75,000; forgivable loan; city-level. City of St. Petersburg Housing and Community Development · Verified October 25, 2026
- Home Key Plus 2nd Mortgage Down Payment Assistance — $10,000; deferred loan; county-level. Housing Finance Authority of Pinellas County · Verified October 25, 2026
- Florida Assist — Up to $10,000 on FHA, VA, USDA and Conventional loans; deferred; state-level. Florida Housing Finance Corporation · Verified October 23, 2026
First-time buyer loans in nearby cities
First-time buyer loan FAQs for St. Petersburg
Sources
- U.S. Census Bureau — ACS 2019–2023 5-Year Estimates
- FHFA — 2026 Conforming Loan Limit Values
- Fannie Mae Selling Guide
- NAIC — Homeowners Insurance Report, Data for 2023 (HO-3 average premium)
- Freddie Mac — Primary Mortgage Market Survey
- City of St. Petersburg Housing and Community Development — Housing Down Payment Assistance Program
- Housing Finance Authority of Pinellas County — Home Key Plus 2nd Mortgage Down Payment Assistance
Data last updated October 23, 2026.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.