Metro area index
Home appreciation in the St. Petersburg-Clearwater-Largo, FL metropolitan division
FHFA HPI® data shows the St. Petersburg-Clearwater-Largo, FL metropolitan division's all-transactions index changed -0.1% over the year to Q2 2026, versus +1.4% for Florida and +3.0% for the U.S. That ranks 367th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- -0.1%
- 5-year change
- +43.6%
- Since Q1 1995
- +494%
- Metro rank (1 year)
- 367th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
St. Petersburg-Clearwater-Largo, FL vs Florida and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- St. Petersburg-Clearwater-Largo, FL: 594.4
- Florida: 500.7
- United States: 391.6
Appreciation by time window
| Window | Metro | FL | U.S. | Gap vs FL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -0.1% | +1.4% | +3.0% | −1.5 pts | −3.1 pts |
| 3 years | +5.1% | +6.6% | +12.9% | −1.5 pts | −7.7 pts |
| 5 years | +43.6% | +46.0% | +41.3% | −2.4 pts | +2.3 pts |
| 10 years | +132% | +120% | +93.3% | +11.7 pts | +38.4 pts |
| Since Q1 1995 | +494% | +401% | +292% | +93.8 pts | +202.9 pts |
3-digit ZIP regions in the St. Petersburg-Clearwater-Largo, FL area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 337 · St. Petersburg, FL area | FL | +0.3% | +44.3% | +517% | 100% |
| 346 · Dunedin, FL area | FL | +0.5% | +45.6% | +391% | 28% |
Boom, bust, and recovery in St. Petersburg-Clearwater-Largo, FL area
St. Petersburg-Clearwater-Largo, FL area's index peaked in Q4 2006, fell 42.5% to its low in Q2 2011, and regained its peak in Q1 2018, about 11.2 years after the top. Today it sits +97.5% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2006 | Q2 2011 | -42.5% | Q1 2018 (11.2 yrs) | +97.5% |
| FL | Q4 2006 | Q2 2012 | -44.7% | Q1 2020 (13.2 yrs) | +72.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, St. Petersburg-Clearwater-Largo, FL area's index has changed +168% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | FL after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -3.8% | -2.4% | -0.8% |
| 3 years | +9.8% | -4.3% | -2.9% | +2.8% |
| 5 years | +24.0% | +15.8% | +17.7% | +13.9% |
| 10 years | +39.1% | +66.6% | +58.2% | +39.0% |
| Since Q1 1995 | +121% | +168% | +126% | +76.8% |
If you bought in the St. Petersburg-Clearwater-Largo, FL area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +487% | $1,760,087 |
| Q2 2000 | +349% | $1,348,446 |
| Q2 2005 | +138% | $714,385 |
| Q2 2010 | +212% | $934,507 |
| Q2 2015 | +156% | $767,151 |
| Q2 2020 | +68.8% | $506,481 |
| Q2 2021 | +43.6% | $430,837 |
| Q2 2023 | +5.1% | $315,342 |
| Q2 2025 | -0.1% | $299,733 |
Frequently asked questions
- How much have home prices risen in the St. Petersburg-Clearwater-Largo, FL area?
- FHFA HPI® data for the St. Petersburg-Clearwater-Largo, FL metropolitan division shows changes of -0.1% over one year, +43.6% over five years, and +132% over ten years to Q2 2026, and +494% since Q1 1995.
- Is the St. Petersburg-Clearwater-Largo, FL area beating the national average?
- Over the past year the metro's index moved −3.1 pts versus the U.S.; over five years the gap is +2.3 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.