Real Estate Investing in Saint Petersburg, Florida (33711)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33711 (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: 32.4% of homes vacant — above national norms.
What’s happening in Saint Petersburg, FL (33711)?
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Market Analysis: 33711 Saint Petersburg
ZIP 33711 in Saint Petersburg, FL carries a sturdy set of headwinds. Home values near $281K and rents of $2,217/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33711 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Saint Petersburg have seen price recovery that 33711 has not matched. Pinellas County data supports the view that the spread is structural rather than temporary.
Demographically, 33711 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. notable returns are possible in 33711, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Saint Petersburg:
Property Strategy for 33711
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $162,029 | $1,950 | 8.7% | +3.4% | $162,029 |
| 2BR | $258,629 | $2,270 | 6.3% | +6.8% | $129,315 |
| 3BR | $338,723 | $2,900 | 6.2% | +8.3% | $112,908 |
| 4BR | $442,487 | $3,530 | 5.7% | +9.1% | $110,622 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33711 Compare?
| Metric | 33711 | Saint Petersburg | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $280,797 | $398,839 | N/A | $374,697 |
| 5-Year CAGR | 3.6% | 3.1% | N/A | 7.4% |
| Avg Rent | $2,217 | $2,178 | N/A | - |
| Cap Rate | 6.2% | 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 33711 (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 | $280,797 |
| Monthly Rent | $2,217 |
| Price-to-Rent | 10.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | -2.9% ▼ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +10.0% ▲ |
🏠 Rent Trends
| 1-Year | -3.6% ▼ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.2%). 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 33711
Population: 18,347
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 33711
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BAY POINT ELEMENTARY SCHOOL
BAY VISTA FUNDAMENTAL ELEMENTARY SCHOOL
CAMPBELL PARK ELEMENTARY SCHOOL
GULFPORT MONTESSORI 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
Do rentals sit vacant long in Saint Petersburg, FL?
Vacancy in Saint Petersburg, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,217/mo.
Which real estate strategy fits Saint Petersburg, FL?
Most investors in Saint Petersburg, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What kind of market is Saint Petersburg, FL for investors?
With a 3.0/5 investability score, Saint Petersburg, FL ranks as a solid market for rental property investors. Median prices of $281K and rents of $2,217/mo drive the underlying numbers.
Does house hacking work in Saint Petersburg, FL?
The house hack math a challenging in Saint Petersburg, FL. Owner-occupant buyers benefit from the $2,217/mo rents and $281K home values.
How much is rent in Saint Petersburg, FL?
Investors in Saint Petersburg, FL typically see rents near $2,217/mo per month against $281K home values - a solid setup for rental cash flow.
You know 33711 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33711 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 33711 ranks in Tampa-St. Petersburg-Clearwater, FL
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