Updated November 3, 2026 · Local data: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates
Short answer: Across most of Pinellas, principal and interest alone on a 10%-down median home costs more than median rent, and that's before taxes and insurance. Buying makes sense when you plan to stay several years and value equity and stability.
The numbers
| Place | Median value | Median rent | P&I, 10% down* | Gap vs rent |
|---|---|---|---|---|
| St. Petersburg | $371,100 | $1,663 | $2,111 | +$448 |
| Clearwater | $361,300 | $1,658 | $2,055 | +$397 |
| Largo | $229,100 | $1,618 | $1,303 | −$315 |
| Palm Harbor | $405,300 | $1,806 | $2,306 | +$500 |
| Pinellas Park | $278,900 | $1,631 | $1,587 | −$44 |
| Dunedin | $396,000 | $1,675 | $2,253 | +$578 |
| East Lake | $488,000 | $1,942 | $2,776 | +$834 |
| Tarpon Springs | $340,700 | $1,298 | $1,938 | +$640 |
| Lealman | $196,400 | $1,247 | $1,117 | −$130 |
| Seminole | $348,500 | $1,708 | $1,982 | +$274 |
| Safety Harbor | $454,000 | $1,743 | $2,583 | +$840 |
| West Lealman | $169,100 | $1,302 | $962 | −$340 |
| Oldsmar | $380,300 | $1,427 | $2,163 | +$736 |
| Gulfport | $366,200 | $1,555 | $2,083 | +$528 |
| Bardmoor | $334,700 | $1,706 | $1,904 | +$198 |
| St. Pete Beach | $675,700 | $1,811 | $3,844 | +$2,033 |
| Treasure Island | $621,600 | $1,631 | $3,536 | +$1,905 |
| South Pasadena | $350,200 | $1,792 | $1,992 | +$200 |
| Kenneth City | $241,200 | $1,649 | $1,372 | −$277 |
| Belleair | $633,300 | $2,281 | $3,603 | +$1,322 |
*Principal and interest only, 30-year fixed at an example 6.5% rate with 10% down. Rates change daily. Property tax, insurance, HOA and mortgage insurance are extra. Median values and rents: U.S. Census Bureau ACS 5-year estimates. Illustration only, not a loan offer.
How to read this
- A big positive gap means renting is cheaper month to month. Buyers there are paying for equity, control and stability.
- Florida insurance and taxes can add hundreds of dollars a month. Get real quotes through a licensed insurance agent.
- Talk to a loan officer for a real rate and payment.
Frequently asked questions
Is it cheaper to rent or buy in Pinellas County?
In most Pinellas communities, renting has a lower monthly cost than a 10%-down purchase at current example rates. Buying builds equity over time.
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