St. Petersburg Florida, 75K rental properties?
I'm considering moving to St. Petersburg Florida for retirement. I am currently a landlord and would like to sell my properties where I am at (Seattle) and buy other rentals in St. P. when I move there. I'm seeing brand new construction 3 bed, 2 bath homes on Zillow with one car garage, AC, etc. for 115K. Surely these are in decent or good areas?
But what about the houses that are in the 75-85K range in St. Petersburg? They seem to be in good condition, but are they in bad parts of town? Looking at the median income and housing values in the city there, it isn't like these houses cost 75K because they are in the ghetto while the good neighborhoods are 500K and up...at least it doesn't seem like it on paper. Maybe someone in the area there can clarify.