Real Estate Investing in Clearwater, Florida (33756)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33756 (Clearwater, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.8% of homes vacant — above national norms.
What’s happening in Clearwater, FL (33756)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33756 Clearwater
Not every below-median market is a bargain. Clearwater's 33756 ZIP registers signals that favor experienced operators who can absorb the risk $363K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 33756 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 33756's metrics run below Pinellas County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 33756 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 33756 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 Clearwater:
Property Strategy for 33756
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $142,063 | $1,520 | 7.7% | +9.2% | $142,063 |
| 2BR | $300,667 | $1,770 | 4.2% | +8.1% | $150,334 |
| 3BR | $410,943 | $2,260 | 4.0% | +8.2% | $136,981 |
| 4BR | $535,964 | $2,750 | 3.7% | +8.9% | $133,991 |
| 5BR | $1,658,493 | — | — | +12.5% | $331,699 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33756 Compare?
| Metric | 33756 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $362,892 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 4.2% | 3.0% | N/A | 7.4% |
| Avg Rent | $1,789 | $2,106 | N/A | - |
| Cap Rate | 3.9% | 4.6% | - | - |
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 33756 (Clearwater, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33756 (Clearwater, 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 | $362,892 |
| Monthly Rent | $1,789 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -13.9% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +4.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 33756
Population: 32,928
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 33756
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
SANDY LANE ELEMENTARY SCHOOL
KINGS HIGHWAY ELEMENTARY MAGNET SCHOOL
MILDRED HELMS ELEMENTARY SCHOOL
CALVIN A. HUNSINGER SCHOOL
PINELLAS HIGH INNOVATION
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
What is the average home sale price in Clearwater, FL?
Expect median prices around $363K in Clearwater, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is rental property easy to operate in Clearwater, FL?
The landlord environment in Clearwater, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong is the working-renter base in Clearwater, FL?
The renter base in Clearwater, FL is reasonable for the $1,789/mo price point. Screening well and pricing to market typically yields predictable tenants.
What strategy should investors use in Clearwater, FL?
Investors usually favor careful cash-flow rentals with hands-on management in Clearwater, FL. With home values at $363K and rents near $1,789/mo, other strategies can work but produce measured rather than outsized returns.
Is Clearwater, FL a good place for real estate investing?
Yes - Clearwater, FL a 3.0/5 investability score. With $363K home prices against $1,789/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 33756 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33756 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 33756 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33756 (Clearwater)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33756 (Clearwater, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.