Real Estate Investing in Clearwater, Florida (33755)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33755 (Clearwater, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
What’s happening in Clearwater, FL (33755)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33755 Clearwater
From an investor standpoint, ZIP 33755 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $343K median. It rewards specialists, not generalists.
The 33755 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Stepping back, 33755 offers a low basis, the region around Clearwater has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A robust renter share of 44% in 33755 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 33755 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Clearwater:
Property Strategy for 33755
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $151,737 | $1,480 | 7.0% | +6.1% | $151,737 |
| 2BR | $306,288 | $1,720 | 4.0% | +8.0% | $153,144 |
| 3BR | $372,893 | $2,200 | 4.2% | +7.9% | $124,298 |
| 4BR | $438,714 | $2,680 | 4.4% | +8.4% | $109,678 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33755 Compare?
| Metric | 33755 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $342,660 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 4.3% | 3.0% | N/A | 7.4% |
| Avg Rent | $2,127 | $2,106 | N/A | - |
| Cap Rate | 4.8% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33755 (Clearwater, 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 | $342,660 |
| Monthly Rent | $2,127 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +7.2% ▲ |
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 33755
Population: 28,057
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 33755
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BELLEAIR ELEMENTARY SCHOOL
PONCE DE LEON ELEMENTARY SCHOOL
SKYCREST ELEMENTARY SCHOOL
ATHENIAN ACADEMY
PLATO ACADEMY CLEARWATER
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
Frequently Asked Questions
How do home values compare in Clearwater, FL?
Median home price in Clearwater, FL is near $343K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is vacancy a concern in Clearwater, FL?
Clearwater, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How qualified is the tenant pool in Clearwater, FL?
Working renters make up the core of the Clearwater, FL tenant base. The pool is reasonable for investors targeting long-term holds.
Does Clearwater, FL favor landlords or tenants?
For rental operators, Clearwater, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in Clearwater, FL?
Average rent in Clearwater, FL is approximately $2,127/mo per month. Against $343K home values that yields a reasonable rent-to-price ratio.
You know 33755 now. You don’t know where it ranks.
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How 33755 ranks in Tampa-St. Petersburg-Clearwater, FL
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