Median Home Price
$513,948.05
Median Rent
$2,797.62/mo
Price-to-Rent Ratio
15.3
Property Tax RateTIE
0.89%
Price Change (1Y)BETTER
-3.7%
Price Change (5Y)BETTER
-18.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$168,899
Median Home PriceBETTER
$361,621.35
Median RentBETTER
$2,031.75/mo
Price-to-Rent RatioBETTER
14.8
Property Tax RateTIE
0.89%
Price Change (1Y)
-8.5%
Price Change (5Y)
-42.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$116,888
Key Differences
Home Prices
Miami's median home price of $513,948.05 is higher than St. Petersburg's $361,621.35 by 42%.
Monthly Rent
Renting in Miami costs $2,797.62/mo compared to $2,031.75/mo in St. Petersburg—a difference of $765.87/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.