What is the rental yield in Grand Central, Saint Petersburg, Florida?

The gross yield in Grand Central, Saint Petersburg, Florida is 5.7. That is paired with price growth of 1.4 over the past year and a Red Flag score of 39, while walkability is 63 and education is in the 50th percentile.

How does Grand Central compare to Saint Petersburg and Florida?

Grand Central, Saint Petersburg, Florida is priced 10% below Saint Petersburg and about 19% above Florida. It also has a 5.7 gross yield, walkability of 63, and education in the 50th percentile, with a Red Flag score of 39.

What is the risk profile in Grand Central, Saint Petersburg, Florida?

Grand Central, Saint Petersburg, Florida has a Red Flag score of 39, the lowest among the neighborhoods listed here. That lower risk reading sits alongside a 5.7 gross yield and price growth of 1.4 over the past year.

Neighborhood

Grand Central

Saint Petersburg, Florida US

Grand Central, Saint Petersburg, Florida offers a balanced profile with a 5.7 gross yield and price growth of 1.4 over the past year. Pricing is 10% below Saint Petersburg but about 19% above Florida, while the Red Flag score of 39 is the lowest in this set. Walkability is 63 and education is in the 50th percentile, giving it solid access and neutral school-test performance.

AI Summary•Updated May 2026

Area

0.83 mi²

ZIP Code

33712

County

Pinellas County

State

Florida

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$394,283

YoY+1.4%

Gross Rental Yield

5.7%

Listed rent · ZORI annualized

Red Flag Index

Low

39 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

50 / 100

Fair · better than 50% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Grand Central Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Grand Central, Saint Petersburg.

Unlock the Grand Central 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$394,283	+1.4%
Price / Sq Ft (Verified)	$276/sqft	-7.3%
Asking Rent (Median)	$1,870/mo	+1.4%
Gross Rental Yield	5.7%	—
Liquidity Score	32 / 100	Low
Homes Sold (Period)	101	+27.8%

Is Grand Central Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Florida crime context.

Red Flag Breakdown

39 / 100

Low Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Hurricane100Very High

Tornado60High

Hail60High

Flood20Low

Wildfire20Low

Earthquake20Low

Heat20Low

Strong Wind20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Florida averaged 16.9 crimes and 2.7 violent per 1,000 residents (-4.5% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 5.7%

Low natural-hazard risk — 39/100 composite

Active transaction volume — 101 homes sold last period

Hurricane risk is Very High (100/100)

Insights are generated from Grand Central's live DistrictScore metrics.

Grand Central Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Florida-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.1 µg/m³ Meets EPA, above WHO guideline+40.6% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Grand Central centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 55% of U.S. neighborhoods.

Florida Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	16.9	2.7	-4.5%
2023	18.0	2.9	-2.3%
2022	19.0	2.9	+4.4%
2021	18.6	3.4	-13.5%
2020	21.5	3.8	-13.7%
2019	25.2	3.8	—

Reported at the state level — the finest official US crime aggregation; Grand Central inherits the Florida figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Grand Central

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor1 nearbyHigh

Point-source screening near Grand Central: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Grand Central

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

63

Somewhat Walkable

Walkability Score

2

Grocery

31

Dining

5

Schools

0

Universities

0

Hospitals

0

Pharmacies

4

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Grand Central's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Grand Central vs Saint Petersburg vs Florida

How Grand Central benchmarks against its city and state medians.

Benchmark vs City & State

In Grand Central, the median sale price sits about 10% below the median for Saint Petersburg neighborhoods and about 19% above the statewide median. Gross rental yield is 5.7%, against 6.1% for Saint Petersburg neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 1.4%. Transaction liquidity sits below the median for Saint Petersburg neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Grand Central	$276/sqft	5.7%	32
Saint Petersburg	$306/sqft	6.1%	38
Florida	$232/sqft	6.2%	36

Unlock the Grand Central benchmark

Compare Grand Central against Saint Petersburg and Florida medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Florida tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.76% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No state capital gains tax.

Transfer Tax

Real estate transfer tax: documentary stamp $0.70 per $100 ($0.60 in Miami-Dade).

Assessment Cap

Save Our Homes caps homestead assessment growth at 3%/CPI; reassessed to market value on sale.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents8

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Homestead Exemption

Homestead: up to $50,000 off taxable value, plus unlimited protection from most creditors.

Senior & Veteran Exemptions

Extra $50,000 senior exemption plus property-tax discounts for veterans.

Foreign buyers (non-residents)6

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Foreign Ownership Restrictions

SB 264 restricts buyers from 7 countries of concern (incl. China) from residential property near sensitive sites. Verify first.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Florida property-tax guidance for foreign buyers

Latest Saint Petersburg Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Grand Central Real Estate FAQ

Grand Central, Saint Petersburg, Florida combines a 5.7 gross yield with price growth of 1.4 over the past year, which creates a steady but not aggressive profile. Pricing is 10% below Saint Petersburg and about 19% above Florida, and the Red Flag score is 39.

Neighborhoods near Grand Central

Compare Grand Central with nearby neighborhoods in Saint Petersburg.

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