Pinellas County, Florida Housing Market
In Pinellas County, Florida, the median home value is $355,100, with a median monthly rent of $1,642. This places Pinellas County at #397 nationally out of 3134 counties by median home value, and #18 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,361
- Establishments: 40,825
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,376
- Multi-family: 2,822
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 431,789 (avg $101,963)
- Outflow: 415,148 (avg $100,954)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Pinellas County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 34685 | 267.1 | -13.22% | 2025 |
| 2 | 34688 | 310.4 | +11.00% | 2025 |
| 3 | 33785 | 460.7 | -6.86% | 2024 |
| 4 | 33701 | 614.9 | -4.65% | 2025 |
| 5 | 34684 | 329.4 | -12.73% | 2025 |
| 6 | 33774 | 362.0 | -7.87% | 2025 |
| 7 | 33712 | 483.1 | -2.51% | 2025 |
| 8 | 33771 | 387.1 | -5.62% | 2025 |
| 9 | 33709 | 418.4 | -5.90% | 2025 |
| 10 | 33777 | 371.1 | -5.37% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Pinellas County Compares
| Metric | Pinellas County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $355,100 | $284,325 | $227,706 |
| Median Gross Rent | $1,642 | $1,303 | $968 |
| Owner Occupancy Rate | 69.5% | 74.6% | 73.3% |
| Price/Rent Ratio | 18.0 | 17.6 | 18.7 |
Market Analysis
The median home value in Pinellas County is 24.9% above the Florida state average and 55.9% above the U.S. national average. The median rent of $1,642/month is 26.0% above the state average.
With a price-to-rent ratio of 18.0, the buy-vs-rent decision in Pinellas County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Pinellas County has an owner-occupancy rate of 69.5%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Cabarrus County | North Carolina | $354,800 | $1,414 |
| Dallas County | Iowa | $355,600 | $1,311 |
| Maury County | Tennessee | $355,700 | $1,300 |
| Burlington County | New Jersey | $354,000 | $1,745 |
| Llano County | Texas | $356,500 | $998 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Osceola County | $353,300 | $1,746 | 65.3% |
| Indian River County | $351,500 | $1,357 | 80.1% |
| Okaloosa County | $351,200 | $1,612 | 68.4% |
| Lee County | $362,200 | $1,712 | 74.3% |
| St. Lucie County | $347,300 | $1,585 | 78.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).