Real Estate Investing in Clearwater, Florida (33767)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33767 (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: 54.9% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.3% in the last year.
What’s happening in Clearwater, FL (33767)?
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Market Analysis: 33767 Clearwater
The 33767 ZIP in Clearwater, FL is a local-operator market. Outside capital chasing a $701K entry has to pair deep knowledge with the discount.
Rent of $3,826/mo on a $701K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33767 sits below the stated 0.0% once reality is priced in.
In the broader FL picture, 33767 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 7,409 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 33767 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 33767
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $319,110 | $2,260 | 5.1% | +5.1% | $319,110 |
| 2BR | $615,010 | $2,640 | 3.1% | +6.1% | $307,505 |
| 3BR | $1,191,397 | $3,380 | 2.0% | +7.9% | $397,132 |
| 4BR | $1,724,936 | $4,110 | 1.7% | +10.0% | $431,234 |
| 5BR | $2,503,538 | — | — | +11.9% | $500,708 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33767 Compare?
| Metric | 33767 | Clearwater | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $701,378 | $367,305 | N/A | $374,697 |
| 5-Year CAGR | 2.4% | 3.0% | N/A | 7.4% |
| Avg Rent | $3,826 | $2,106 | N/A | - |
| Cap Rate | 4.3% | 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 33767 (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 | $701,378 |
| Monthly Rent | $3,826 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | -4.2% ▼ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | -7.2% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 33767
Population: 7,409
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 33767
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BELLEAIR ELEMENTARY SCHOOL
SANDY LANE ELEMENTARY SCHOOL
KINGS HIGHWAY ELEMENTARY MAGNET SCHOOL
PONCE DE LEON ELEMENTARY SCHOOL
CALVIN A. HUNSINGER SCHOOL
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do home prices stand in Clearwater, FL?
Clearwater, FL median home values land near $701K. That is reasonable territory for investors looking at $3,826/mo-per-month rentals.
What investment strategy works best in Clearwater, FL?
Most investors in Clearwater, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is real estate in Clearwater, FL a good investment right now?
Clearwater, FL rates 3.0/5 for investability. With median values at $701K and rents near $3,826/mo, the market offers reasonable fundamentals for rental investors.
Is Clearwater, FL good for landlords?
Clearwater, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Do rentals sit vacant long in Clearwater, FL?
Rental vacancy in Clearwater, FL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 33767 now. You don’t know where it ranks.
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How 33767 ranks in Tampa-St. Petersburg-Clearwater, FL
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