Pinellas County real estate, your questions answered.
Short answer: as of 2026-06-09, Pinellas County scores 48/100 (balanced) on our buyer-value scale, the typical home is worth $368,443, the market looks about 8% overvalued, and average insurance runs about $1,911 a year.
Answers update from live data (2026-06-09). For the full numbers, see the Pinellas County housing scorecard.
Is now a good time to buy a house in Pinellas County?
As of 2026-06-09, our Momentum Market Score for Pinellas County is 48 out of 100, which reads balanced, meaning the market is neither side has a clear edge right now. Prices are falling (-4.7% over the past year) and the area looks about 8% overvalued versus local incomes. A higher score means more buyer value and negotiating leverage; see the full Pinellas County scorecard for the breakdown.
Is Pinellas County a buyer's or seller's market?
Pinellas County currently reads balanced on our 0 to 100 score (48/100), so it is neither side has a clear edge right now. The score blends home value versus local incomes, price cuts, inventory trend, affordability and rent yield.
Are home prices going up or down in Pinellas County?
The typical home in Pinellas County is worth $368,443 (Zillow, 2026-06-09). Prices are falling over the last year (-4.7%) and have moved about 4.3% a year over five years.
Is Pinellas County housing overvalued?
On price versus the area's own long-run relationship with local income, Pinellas County looks about 8% overvalued, with a price-to-income ratio of 5.24x. This compares the current typical value to its historical norm, not to other markets.
How much does a house cost in Pinellas County?
The typical Pinellas County home is worth about $368,443 as of 2026-06-09, against a county median household income near $70,293.
How much is homeowners insurance in Pinellas County?
The average Citizens Property Insurance premium in Pinellas County is about $1,911 a year. Citizens is Florida's insurer of last resort, so that is a realistic floor; private quotes vary by roof age, elevation and flood zone. In Florida, insurance is now one of the largest line items in a housing budget.
Is Pinellas County a good place to invest in rental property?
The gross rent yield (cap-rate proxy) in Pinellas County is about 6.55%, with typical rent near $2,011 a month on a $368,443 home. Run the full numbers, including taxes and insurance, in our Florida investment property calculator.
Are people moving to or from Pinellas County?
In the latest IRS migration data, Pinellas County is net gaining about 769 households a year, drawing the most out-of-state arrivals from NY and CA.
Sources: Zillow, Realtor.com, U.S. Census, Freddie Mac/FRED, IRS migration, Citizens Property Insurance. Scores by Momentum Realty. Informational only, not investment, legal or insurance advice. Pinellas County scorecard · all county Q&A · all scorecards.