Real Estate Investing in Clearwater, Florida (33759)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33759 (Clearwater, 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: 13.6% of homes vacant — above national norms.
What’s happening in Clearwater, FL (33759)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33759 Clearwater
This part of Pinellas County is not an easy win. The 33759 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $349K asset, 33759 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 33759 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 33759 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.
The 33759 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 33759
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $104,160 | $2,000 | 13.8% | +6.2% | $104,160 |
| 2BR | $204,531 | $2,330 | 8.2% | +6.7% | $102,266 |
| 3BR | $409,227 | $2,980 | 5.2% | +8.2% | $136,409 |
| 4BR | $723,189 | $3,630 | 3.6% | +9.8% | $180,797 |
| 5BR | $1,087,323 | — | — | +10.6% | $217,465 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33759 Compare?
| Metric | 33759 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $348,676 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 3.6% | 3.0% | N/A | 7.4% |
| Avg Rent | $2,034 | $2,106 | N/A | - |
| Cap Rate | 4.6% | 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 33759 (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 | $348,676 |
| Monthly Rent | $2,034 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 33759
Population: 17,647
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 33759
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
SAFETY HARBOR ELEMENTARY SCHOOL
SKYCREST ELEMENTARY SCHOOL
ATHENIAN ACADEMY
PLATO ACADEMY CLEARWATER
SAFETY HARBOR 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
Frequently Asked Questions
Should investors consider Clearwater, FL?
The 3.0/5 investability rating in Clearwater, FL reflects its $349K prices and $2,034/mo rents. Investors generally consider it a solid option within FL.
What are vacancy rates like in Clearwater, FL?
Vacancy in Clearwater, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,034/mo.
How much does a house cost in Clearwater, FL?
Homes in Clearwater, FL typically sell near $349K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Are landlord laws favorable in Clearwater, FL?
Rental owners in Clearwater, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much is rent in Clearwater, FL?
Clearwater, FL rentals go for roughly $2,034/mo a month. That puts gross yield in solid territory relative to $349K acquisition costs.
You know 33759 now. You don’t know where it ranks.
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How 33759 ranks in Tampa-St. Petersburg-Clearwater, FL
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