Real Estate Investing in Saint Petersburg, Florida (33701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33701 (Saint Petersburg, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.6% of homes vacant — above national norms.
What’s happening in Saint Petersburg, FL (33701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33701 Saint Petersburg
Not every below-median market is a bargain. Saint Petersburg's 33701 ZIP clocks in at signals that favor experienced operators who can absorb the risk $750K pricing implies.
For an experienced owner, 33701 can be a a strong candidate for hunting ground — but the discount at $750K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 33701 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 33701 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 33701 is an operator game, not a passive one. From an investor standpoint, entry prices of $750K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Saint Petersburg:
Property Strategy for 33701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $326,135 | $1,850 | 4.1% | +7.1% | $326,135 |
| 2BR | $695,543 | $2,160 | 2.2% | +5.7% | $347,772 |
| 3BR | $964,441 | $2,760 | 2.1% | +6.4% | $321,480 |
| 4BR | $1,098,718 | $3,360 | 2.2% | +9.1% | $274,680 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33701 Compare?
| Metric | 33701 | Saint Petersburg | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $750,350 | $398,839 | N/A | $374,697 |
| 5-Year CAGR | 5.0% | 3.1% | N/A | 7.4% |
| Avg Rent | $2,529 | $2,178 | N/A | - |
| Cap Rate | 2.6% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33701 (Saint Petersburg, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33701 (Saint Petersburg, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Pinellas County
Manage rentals here? List your business →All County Southern Shores provides full-service residential property management in Myrtle Beach, SC and surrounding areas, focusing on maximizing investment returns and managing tenant relationships. summary from their website
All County Suncoast provides full-service residential property management in Saint Petersburg, FL and surrounding areas, focusing on maximizing investment returns and managing tenant relationships. summary from their website
Dennis Property Management offers rental agency and management services in the Tampa Bay area, including multi-family management, investor packages, and resources for homeowners and tenants. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $750,350 |
| Monthly Rent | $2,529 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +4.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33701
Population: 18,485
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33701
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BAY POINT ELEMENTARY SCHOOL
WOODLAWN ELEMENTARY SCHOOL
BAY VISTA FUNDAMENTAL ELEMENTARY SCHOOL
CAMPBELL PARK ELEMENTARY SCHOOL
LAKEVIEW FUNDAMENTAL ELEMENTARY
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,774 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What strategy should investors use in Saint Petersburg, FL?
A careful cash-flow rentals with hands-on management strategy Saint Petersburg, FL best. The market produces even-keeled results for that approach at the $750K price point.
How tight is the rental market in Saint Petersburg, FL?
Saint Petersburg, FL carries elevated vacancy risk. Expect consistent absorption at market rents of $2,529/mo.
How does Saint Petersburg, FL stack up for property investment?
Yes - Saint Petersburg, FL a 3.0/5 investability score. With $750K home prices against $2,529/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does a duplex house hack pencil in Saint Petersburg, FL?
The a challenging house-hack environment in Saint Petersburg, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What price range are homes in Saint Petersburg, FL?
Median home price in Saint Petersburg, FL is near $750K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
You know 33701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33701 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33701 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33701 (Saint Petersburg)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33701 (Saint Petersburg, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.