Real Estate Investing in Saint Petersburg, Florida (33702)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33702 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.1% of homes vacant — above national norms.
What’s happening in Saint Petersburg, FL (33702)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33702 Saint Petersburg
Not every below-median market is a bargain. Saint Petersburg's 33702 ZIP sits at signals that favor experienced operators who can absorb the risk $310K pricing implies.
The 33702 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 33702 and stronger Saint Petersburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 33702 ZIP's population of 31,233 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategy in 33702 is an operator game, not a passive one. Stepping back, entry prices of $310K 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 33702
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $107,948 | $1,720 | 11.5% | +5.0% | $107,948 |
| 2BR | $208,685 | $2,000 | 6.9% | +4.4% | $104,342 |
| 3BR | $388,848 | $2,560 | 4.7% | +6.6% | $129,616 |
| 4BR | $521,766 | $3,110 | 4.3% | +7.3% | $130,442 |
| 5BR | $1,005,083 | — | — | +8.7% | $201,017 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33702 Compare?
| Metric | 33702 | Saint Petersburg | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $309,935 | $398,839 | N/A | $374,697 |
| 5-Year CAGR | 1.8% | 3.1% | N/A | 7.4% |
| Avg Rent | $1,908 | $2,178 | N/A | - |
| Cap Rate | 4.8% | 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 33702 (Saint Petersburg, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33702 (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 | $309,935 |
| Monthly Rent | $1,908 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | -2.2% ▼ |
| 3-Year CAGR | -4.4% ▼ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -6.1% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | +2.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 33702
Population: 31,233
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 33702
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
MEADOWLAWN MIDDLE SCHOOL
NORTHEAST HIGH SCHOOL
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 5,112 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Saint Petersburg, FL real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Saint Petersburg, FL. The numbers - $310K homes against $1,908/mo rents - support that play.
Is Saint Petersburg, FL a friendly market for rental owners?
Saint Petersburg, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much does a house cost in Saint Petersburg, FL?
Homes in Saint Petersburg, FL typically sell near $310K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Can owner-occupants cash flow in Saint Petersburg, FL?
Saint Petersburg, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,908/mo rent level.
Are there empty rentals in Saint Petersburg, FL?
Saint Petersburg, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
You know 33702 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33702 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 33702 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33702 (Saint Petersburg)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33702 (Saint Petersburg, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.