Real Estate Investing in Saint Petersburg, Florida (33705)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33705 (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: 26.2% of homes vacant — above national norms.
What’s happening in Saint Petersburg, FL (33705)?
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Market Analysis: 33705 Saint Petersburg
ZIP 33705 in Saint Petersburg, FL carries a substantial set of headwinds. Home values near $337K and rents of $2,270/mo sit inside a market where underwriting has to be tight.
Looking more closely, the numbers look inviting — $337K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33705 is substantial and deserves full respect.
The gap between 33705 and stronger Saint Petersburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 33705 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Saint Petersburg:
Property Strategy for 33705
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $208,130 | $1,730 | 6.0% | +4.7% | $208,130 |
| 2BR | $291,070 | $2,020 | 5.0% | +6.8% | $145,535 |
| 3BR | $383,388 | $2,580 | 4.8% | +8.8% | $127,796 |
| 4BR | $479,529 | $3,140 | 4.7% | +9.0% | $119,882 |
| 5BR | $745,275 | — | — | +9.9% | $149,055 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33705 Compare?
| Metric | 33705 | Saint Petersburg | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $336,944 | $398,839 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 3.1% | N/A | 7.4% |
| Avg Rent | $2,270 | $2,178 | N/A | - |
| Cap Rate | 5.3% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33705 (Saint Petersburg, FL). Anonymous, moderated, never written by AI.
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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 | $336,944 |
| Monthly Rent | $2,270 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +6.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 33705
Population: 27,024
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 33705
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BAY POINT ELEMENTARY SCHOOL
DOUGLAS L. JAMERSON JR. ELEMENTARY
LAKEVIEW FUNDAMENTAL ELEMENTARY
MELROSE ELEMENTARY SCHOOL
PERKINS ELEMENTARY 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 4,774 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Saint Petersburg, FL?
Saint Petersburg, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is the working-renter base in Saint Petersburg, FL?
Tenant demand in Saint Petersburg, FL is solid. The local workforce $2,270/mo rents across most rental classes.
What is the average monthly rent in Saint Petersburg, FL?
Rent in Saint Petersburg, FL is around $2,270/mo. The resulting rent-to-value relationship with $337K pricing is reasonable for most investor models.
What approach is best for Saint Petersburg, FL real estate?
The best-fit strategy in Saint Petersburg, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Saint Petersburg, FL a good place for real estate investing?
Yes - Saint Petersburg, FL a 3.0/5 investability score. With $337K home prices against $2,270/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 33705 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33705 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 33705 ranks in Tampa-St. Petersburg-Clearwater, FL
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