Real Estate Investing in Saint Petersburg, Florida (33709)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33709 (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: 22.4% of homes vacant — above national norms.
What’s happening in Saint Petersburg, FL (33709)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33709 Saint Petersburg
Investors eyeing 33709 need to respect the fundamentals at play. Home values of $269K come alongside slower price movement and elevated management overhead.
For an experienced owner, 33709 can be a a credible choice for hunting ground — but the discount at $269K reflects genuine risk that outside investors often underestimate.
Looking more closely, 33709 offers a low basis, the region around Saint Petersburg has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A significant renter share of 24% in 33709 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 33709 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Saint Petersburg:
Property Strategy for 33709
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $94,989 | $1,540 | 11.7% | +3.2% | $94,989 |
| 2BR | $204,343 | $1,800 | 6.3% | +6.0% | $102,172 |
| 3BR | $353,889 | $2,300 | 4.7% | +8.1% | $117,963 |
| 4BR | $411,890 | $2,800 | 4.9% | +8.2% | $102,973 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33709 Compare?
| Metric | 33709 | Saint Petersburg | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $268,736 | $398,839 | N/A | $374,697 |
| 5-Year CAGR | 3.3% | 3.1% | N/A | 7.4% |
| Avg Rent | $2,023 | $2,178 | N/A | - |
| Cap Rate | 5.9% | 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 33709 (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 | $268,736 |
| Monthly Rent | $2,023 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). 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 33709
Population: 25,371
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 33709
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
AZALEA ELEMENTARY SCHOOL
MARJORIE KINNAN RAWLINGS ELEM
NORTHWEST ELEMENTARY SCHOOL
PASADENA FUNDAMENTAL ELEMENTARY SCHOOL
AZALEA MIDDLE 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
Should investors consider Saint Petersburg, FL?
The 3.0/5 investability rating in Saint Petersburg, FL reflects its $269K prices and $2,023/mo rents. Investors generally consider it a solid option within FL.
What are rental rates like in Saint Petersburg, FL?
Rental rates in Saint Petersburg, FL average $2,023/mo. Tenant demand and $269K home values make the yield look reasonable by investor standards.
How much does a house cost in Saint Petersburg, FL?
Homes in Saint Petersburg, FL typically sell near $269K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How tight is the rental market in Saint Petersburg, FL?
Vacancy risk in Saint Petersburg, FL is elevated. That supports reliable cash flow for typical rental holds.
How landlord-friendly is Saint Petersburg, FL?
The landlord environment in Saint Petersburg, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 33709 now. You don’t know where it ranks.
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How 33709 ranks in Tampa-St. Petersburg-Clearwater, FL
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