Real Estate Investing in Clearwater, Florida (33761)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33761 (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: 12.2% of homes vacant — above national norms.
What’s happening in Clearwater, FL (33761)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33761 Clearwater
This part of Pinellas County is not an easy win. The 33761 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 33761 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 33761 sits on the difficult end of the FL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 33761 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Clearwater's stable or hybrid ZIPs before stepping into 33761. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Clearwater:
Property Strategy for 33761
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $136,654 | $1,900 | 10.0% | +7.1% | $136,654 |
| 2BR | $199,806 | $2,220 | 8.0% | +6.0% | $99,903 |
| 3BR | $412,160 | $2,840 | 5.0% | +7.2% | $137,387 |
| 4BR | $671,992 | $3,460 | 3.7% | +9.4% | $167,998 |
| 5BR | $891,498 | — | — | +10.1% | $178,300 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33761 Compare?
| Metric | 33761 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $315,981 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 2.4% | 3.0% | N/A | 7.4% |
| Avg Rent | $1,772 | $2,106 | N/A | - |
| Cap Rate | 4.4% | 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 33761 (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 | $315,981 |
| Monthly Rent | $1,772 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | -3.8% ▼ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 33761
Population: 18,399
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 33761
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
SAFETY HARBOR ELEMENTARY SCHOOL
ATHENIAN ACADEMY
SAFETY HARBOR MIDDLE SCHOOL
ENTERPRISE CHARTER HIGH SCHOOL
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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- Community Factors — Neighborhood characteristics that influence student success
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Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What investment strategy works best in Clearwater, FL?
In Clearwater, FL the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $316K prices and $1,772/mo rents suits that approach.
Are rents high in Clearwater, FL?
Rents in Clearwater, FL run near $1,772/mo. Compared with median home prices of $316K that produces solid gross yields for typical rentals.
Can I live-in-and-rent in Clearwater, FL?
The house hack math a challenging in Clearwater, FL. Owner-occupant buyers benefit from the $1,772/mo rents and $316K home values.
What kind of vacancy should I budget for in Clearwater, FL?
Clearwater, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What price range are homes in Clearwater, FL?
The median home value in Clearwater, FL is roughly $316K. That puts it reasonable relative to the FL statewide average.
You know 33761 now. You don’t know where it ranks.
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How 33761 ranks in Tampa-St. Petersburg-Clearwater, FL
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