Real Estate Investing in Clearwater, Florida (33763)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33763 (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: 13.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
- 1-year downturn: Values declined 5.1% in the last year.
What’s happening in Clearwater, FL (33763)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33763 Clearwater
ZIP 33763 in Clearwater, FL carries a healthy set of headwinds. Home values near $198K and rents of $1,872/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $198K asset, 33763 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 33763 sits on the difficult end of the FL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
A impressive renter share of 29% in 33763 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 33763 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Clearwater:
Property Strategy for 33763
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $108,334 | $1,600 | 10.6% | +6.9% | $108,334 |
| 2BR | $182,513 | $1,860 | 7.3% | +5.8% | $91,257 |
| 3BR | $390,767 | $2,380 | 4.4% | +8.0% | $130,256 |
| 4BR | $433,194 | $2,890 | 4.8% | +8.6% | $108,299 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33763 Compare?
| Metric | 33763 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $198,360 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 1.4% | 3.0% | N/A | 7.4% |
| Avg Rent | $1,872 | $2,106 | N/A | - |
| Cap Rate | 7.4% | 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 33763 (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 | $198,360 |
| Monthly Rent | $1,872 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.3% |
| Cap Rate | 7.4% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -5.1% ▼ |
| 3-Year CAGR | -6.7% ▼ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -6.9% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33763
Population: 21,278
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 33763
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
EISENHOWER ELEMENTARY SCHOOL
LEILA DAVIS ELEMENTARY SCHOOL
MCMULLEN-BOOTH ELEMENTARY 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
Is Clearwater, FL a smart market for rental property?
The 3.0/5 investability rating in Clearwater, FL reflects its $198K prices and $1,872/mo rents. Investors generally consider it a solid option within FL.
What are rental rates like in Clearwater, FL?
Rental rates in Clearwater, FL average $1,872/mo. Tenant demand and $198K home values make the yield look reasonable by investor standards.
How should investors approach Clearwater, FL?
In Clearwater, FL the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $198K prices and $1,872/mo rents suits that approach.
What kind of tenants rent in Clearwater, FL?
Clearwater, FL offers a measured renter base at the $1,872/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of vacancy should I budget for in Clearwater, FL?
Occupancy in Clearwater, FL runs predictable with elevated vacancy. Well-priced units at $1,872/mo lease on reasonable timelines.
You know 33763 now. You don’t know where it ranks.
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How 33763 ranks in Tampa-St. Petersburg-Clearwater, FL
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