Real Estate Investing in Clearwater, Florida (33762)
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Should you buy in 33762 (Clearwater, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.8% of homes vacant — above national norms.
What’s happening in Clearwater, FL (33762)?
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Market Analysis: 33762 Clearwater
Investors eyeing 33762 need to respect the fundamentals at play. Home values of $307K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 33762 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In practical terms, 33762 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 solid renter share of 22% in 33762 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Clearwater's stable or hybrid ZIPs before stepping into 33762. 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 33762
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $150,583 | $1,970 | 9.4% | +5.4% | $150,583 |
| 2BR | $238,780 | $2,300 | 6.9% | +4.5% | $119,390 |
| 3BR | $453,890 | $2,940 | 4.7% | +6.9% | $151,297 |
| 4BR | $677,115 | $3,580 | 3.8% | +6.8% | $169,279 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33762 Compare?
| Metric | 33762 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $306,635 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 1.8% | 3.0% | N/A | 7.4% |
| Avg Rent | $1,800 | $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 33762 (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 | $306,635 |
| Monthly Rent | $1,800 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | -4.2% ▼ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 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 33762
Population: 5,039
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 33762
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
HIGH POINT ELEMENTARY SCHOOL
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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- 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 much should I expect to pay for a home in Clearwater, FL?
Expect median prices around $307K in Clearwater, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Is Clearwater, FL a friendly market for rental owners?
Clearwater, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the tenant pool like in Clearwater, FL?
The tenant pool in Clearwater, FL is solid, supported by local employment and population fundamentals. Rents of $1,800/mo are well-absorbed by the market.
Is Clearwater, FL suited for a house hack?
The a challenging house-hack environment in Clearwater, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is vacancy a concern in Clearwater, FL?
Rental vacancy in Clearwater, FL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 33762 now. You don’t know where it ranks.
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How 33762 ranks in Tampa-St. Petersburg-Clearwater, FL
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