Real Estate Investing in Clearwater, Florida (33764)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33764 (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: 17.9% of homes vacant — above national norms.
What’s happening in Clearwater, FL (33764)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33764 Clearwater
ZIP 33764 inside Pinellas County looks affordable on the surface — median value of $375K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 33764 is robust only for operators who understand what they are buying. A $375K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within FL, ZIP 33764 trails on several market indicators that neighboring Pinellas County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A significant renter share of 31% in 33764 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 33764 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Clearwater:
Property Strategy for 33764
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $119,198 | $1,820 | 11.0% | +6.5% | $119,198 |
| 2BR | $239,198 | $2,120 | 6.4% | +6.1% | $119,599 |
| 3BR | $433,466 | $2,710 | 4.5% | +7.8% | $144,489 |
| 4BR | $537,681 | $3,300 | 4.4% | +8.3% | $134,420 |
| 5BR | $772,780 | — | — | +9.2% | $154,556 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33764 Compare?
| Metric | 33764 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $374,718 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 3.2% | 3.0% | N/A | 7.4% |
| Avg Rent | $2,118 | $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 33764 (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 | $374,718 |
| Monthly Rent | $2,118 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.0% ▲ |
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 33764
Population: 27,365
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 33764
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PLATO ACADEMY LARGO CHARTER SCHOOL
HIGH POINT ELEMENTARY SCHOOL
SKYCREST ELEMENTARY SCHOOL
PINELLAS PREPARATORY ACADEMY
PLATO ACADEMY CLEARWATER
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 are rental rates like in Clearwater, FL?
Average rent in Clearwater, FL is approximately $2,118/mo per month. Against $375K home values that yields a reasonable rent-to-price ratio.
What is the median home value in Clearwater, FL?
Typical homes in Clearwater, FL go for around $375K. The 5-year CAGR of 0.0% predictable price movement.
Which investment style suits Clearwater, FL?
A careful cash-flow rentals with hands-on management strategy Clearwater, FL best. The market produces steady results for that approach at the $375K price point.
How qualified is the tenant pool in Clearwater, FL?
The tenant pool in Clearwater, FL is solid, supported by local employment and population fundamentals. Rents of $2,118/mo are well-absorbed by the market.
Should investors consider Clearwater, FL?
With a 3.0/5 investability score, Clearwater, FL ranks as a solid market for rental property investors. Median prices of $375K and rents of $2,118/mo drive the underlying numbers.
You know 33764 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33764 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 33764 ranks in Tampa-St. Petersburg-Clearwater, FL
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