Pinellas County Multifamily Market Report, H1 2026

Pinellas County Multifamily Market Report, H1 2026

In the first half of 2026, Pinellas County recorded 51 qualified multifamily sales totaling $202.3M across 697 units. The median price per unit was $217,500 and the median price per square foot was $310.

  • $202.26MH1 2026 Total Volume
  • 51 / 697H1 2026 Sales / Units
  • $217,500H1 2026 Median $/Unit
  • $310H1 2026 Median $/SF

Key figures

Quarter Sales Volume Median Price Median $/Unit Median $/SF
Q1 2026 26 $163.1M $1,092,500 $220,625 $339
Q2 2026 25 $39.2M $950,000 $217,500 $279

Q1 volume includes the $131M institutional sale of 430 3rd Ave S in St Petersburg (326 units). Excluding it, Q1 was $32.09M across 25 sales and Q2 was $39.17M across 25 sales.

Volume by property type

Property type Volume Share of H1
Apts 50+ Units $140.3M 69.4%
Duplex-Fourplex $27.4M 13.5%
Apts 10-49 Units $20.9M 10.3%
Apts 5-9 Units $13.7M 6.8%

Volume by submarket

Submarket Volume Share of H1
St Petersburg $164.4M 81.3%
Clearwater $14.6M 7.2%
St Pete Beach $7.93M 3.9%
Indian Rocks Bch $2.99M 1.5%
Tarpon Springs $2.85M 1.4%
Treasure Island $2.07M 1.0%
Pinellas Park $1.86M 0.9%
N Redington Bch $1.55M 0.8%
Other $4.02M 2.0%

How this data was compiled

Qualified arm’s-length sales of improved multifamily assets at $750,000 and above, per Pinellas County Property Appraiser records. Institutional transactions are defined as sales of $10 million and above. Figures are compiled by Verdad Commercial Real Estate Services from county property appraiser records and are current as of the H1 2026 reporting period.

Full report with the complete sales log. The detailed Pinellas Multifamily report includes every qualified transaction for the period with addresses, buyers, sellers, dates, unit counts and pricing, plus size class and vintage analysis. Download the full Pinellas County Multifamily H1 2026 report.

About this research

Verdad Commercial Real Estate Services is a commercial brokerage in Clearwater, Florida, covering retail and multifamily investment sales, leasing and property management across Tampa Bay. We publish quarterly sales research for Pinellas, Hillsborough and Polk counties. See the full sales report library and live market dashboard, or contact our team at (727) 625-4725.

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