The data on this page displays the different housing needs by zip code throughout St. Petersburg. The demand for rental units is increasing exponentially, with the most pronounced need affecting renting households with incomes under $20,000, who can afford up to ~$500/month in rent, as well as households in the $20,000 to $50,000 income range, who should be paying between approximately $500 and $1,200/month in rent.
There are approximately 9,600 renter households in the city in the under $20,000 income range with less than 1,800 units renting in the city at this price point. This leaves the city with an overall deficit of nearly 11,400 units within this income range. The target range is calculated by industry-accepted best practices for financial planning standards which state that a household should pay no more than 30% of household income toward housing. Looking more broadly at renters whose median incomes fall below the renter median, their rent paymnents should not exceed $1,200/month; there is a defecit of approximately 3,200 units for these renters.
Interact below to compare the breakdown between zip codes within the city and their respective affordable and workforce housing needs.
AMI is the estimated median income, adjusted for family size, by metropolitan area (or county, in non-metropolitan areas). AMI is updated annually by the U.S. Department of Housing and Urban Development (HUD) and used as the basis of eligibility for most housing assistance programs.
