Real Estate Investing in Clearwater, Florida (33765)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33765 (Clearwater, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
What’s happening in Clearwater, FL (33765)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33765 Clearwater
This part of Pinellas County is not an easy win. The 33765 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Looking more closely, the numbers look inviting — $354K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33765 is substantial and deserves full respect.
ZIP 33765's metrics run below Pinellas County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 33765 includes headwinds that any investor should price in. Income distribution skews lower than Clearwater averages, and tenant stability requires active management.
The 33765 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 33765
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $108,491 | $1,770 | 11.7% | +7.9% | $108,491 |
| 2BR | $245,988 | $2,060 | 6.0% | +7.0% | $122,994 |
| 3BR | $382,300 | $2,630 | 5.0% | +7.5% | $127,433 |
| 4BR | $512,084 | $3,210 | 4.5% | +7.7% | $128,021 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33765 Compare?
| Metric | 33765 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $354,448 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 3.3% | 3.0% | N/A | 7.4% |
| Avg Rent | $1,615 | $2,106 | N/A | - |
| Cap Rate | 3.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33765 (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 | $354,448 |
| Monthly Rent | $1,615 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | -5.7% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 33765
Population: 14,364
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 33765
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
BELCHER ELEMENTARY SCHOOL
EISENHOWER ELEMENTARY SCHOOL
FRONTIER 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
Are rents high in Clearwater, FL?
Rents in Clearwater, FL run near $1,615/mo. Compared with median home prices of $354K that produces solid gross yields for typical rentals.
What kind of tenants rent in Clearwater, FL?
Tenant quality in Clearwater, FL ranks as solid. Landlords generally report consistent occupancy at market rents of $1,615/mo.
How tight is the rental market in Clearwater, FL?
Vacancy risk in Clearwater, FL is elevated. That supports measured cash flow for typical rental holds.
How strict are landlord regulations in Clearwater, FL?
Clearwater, FL operates under FL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How does Clearwater, FL rate as a rental market?
Clearwater, FL scores 3.0/5 for investability. Home values sit at $354K and rents near $1,615/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 33765 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33765 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 33765 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
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