Pinellas County · Tampa-St. Petersburg-Clearwater · population 6,524
Where Treasure Island stands
24% off 5-year peak. home values down 8.4% in the last year.
Home value trajectory · last 10 years
Zillow ZHVI · monthlyLifestyle scores
Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.
Rent trajectory · last 5 years
Zillow ZORI · monthlyHome value vs rent · indexed to 100
Both rebased at first month of ZORI data (~2015)Rent vs buy
At a 20.1 price-to-rent ratio, the math is starting to lean toward renting in Treasure Island. Owner-occupier ROI requires longer holds and the assumption that prices keep appreciating roughly at the rate of rent.
How the momentum score breaks down
methodology →Treasure Island has held up across the cycle: home values at $522,511 with +2.0% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.
Treasure Island has given back 24% from its 5-year peak — that's not a healthy correction, it's a market still digesting an overshoot. The bear case is that the floor hasn't been found yet.
About Treasure Island
Treasure Island is a city in Pinellas County, Florida, with an estimated population of 6,524. It anchors the Tampa-St. Petersburg-Clearwater metro area. The median home value in Treasure Island is $522,511 as of 2026-04, down 8.4% over the last 12 months. Over the last five years, home values have averaged +2.0% annual growth, and the market currently sits about 24% below its 5-year peak. Rents in Treasure Island average $2,162 per month, roughly flat year-over-year (+1.5%). The composite momentum score is 35 of 100 (Cooling). Buyers may find more room to negotiate; sellers should price realistically.
▲ Bull case
▼ Bear case
Playbook
You have leverage. Negotiate price, ask for closing-cost credits, and don't waive inspection. Walk-away power is real in a Cooling market — use it. Treasure Island is currently 24% off its 5-year peak — historically, that's been the discount tier of this market.
Price aggressively (at or below recent sold comps) or be prepared to wait. Concessions — rate buydowns, closing costs, repair credits — are how deals close right now.
Cap rates are more attractive than they were 12 months ago but the appreciation tailwind is gone. Confirm tenant demand, vacancy rates, and exit liquidity before committing capital.
Local safety & alerts
No active National Weather Service alerts for Pinellas County right now.
Public-safety links are official .gov sources, not curated by us. Pinellas County routes NWS alerts; check the state EM portal for non-weather emergencies.
Neighborhoods of Treasure Island
3 tracked · ranked by median home valueCities like Treasure Island
Run the numbers for Treasure Island
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.
Climate & natural-disaster risk
State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.
Local sports teams
Major professional teams the Tampa-St. Petersburg-Clearwater area cheers for. Detailed stats, schedules, and player pages on intherafters.com.
Current weather
Find rentals & listings
Open current Treasure Island listings on the major real-estate sites.
Links open the live search on the destination site — results are always current.
Local economy & environment
Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.
Cities similar to Treasure Island
Explore other places with comparable momentum or affordability.