Tampa vs St. Petersburg: Mortgage Cost Comparison
Thinking about buying in Tampa or St. Petersburg? Here's a side-by-side comparison of mortgage costs in both cities.
$2,591
Tampa PITI
$2,456
St. Petersburg PITI
$135/mo
Difference
-
? Monthly payment PITI with taxes & insurance included
-
? Bi-weekly payment PITI if paid every other week
-
-
-
-
-
-
Tampa vs St. Petersburg: Full Mortgage Comparison
Buying a home in St. Petersburg is $135/month cheaper based on average home prices and local costs.
| Tampa, FL | St. Petersburg, FL | |
|---|---|---|
| Avg. Home Price | $380,000 | $360,000 |
| Down Payment (20%) | $76,000 | $72,000 |
| Loan Amount | $304,000 | $288,000 |
| Property Tax Rate | 0.85% | 0.84% |
| Annual Property Tax | $3,230 | $3,024 |
| Annual Insurance | $4,800 | $4,600 |
| Monthly P&I | $1,921 | $1,820 |
| Monthly PITI | $2,591 | $2,456 |
| Total Interest (30yr) | $387,735 | $367,328 |
What Drives the Difference?
Home prices are the biggest factor — Tampa’s average home costs $20,000 more than St. Petersburg’s.
Property taxes also favor St. Petersburg — Tampa’s 0.85% rate is higher than St. Petersburg’s 0.84%.
Insurance is $200/year more in Tampa.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Tampa | St. Petersburg | |
|---|---|---|
| Monthly PITI | $2,591 | $2,456 |
| Income needed | $111,028 | $105,244 |
Try Your Own Numbers
The calculator above is pre-filled with Tampa’s averages. Adjust the values to match your situation, or try the St. Petersburg calculator for St. Petersburg-specific numbers.