Real Estate Investing in Indian Rocks Beach, Florida (33785)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33785 (Indian Rocks Beach, FL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 58.8% of homes vacant — above national norms.
What’s happening in Indian Rocks Beach, FL (33785)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33785 Indian Rocks Beach
Not every below-median market is a bargain. Indian Rocks Beach's 33785 ZIP shows signals that favor experienced operators who can absorb the risk $706K pricing implies.
Rent of $2,658/mo on a $706K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33785 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Indian Rocks Beach have seen price recovery that 33785 has not matched. Pinellas County data supports the view that the spread is structural rather than temporary.
Employment concentration in 33785 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 33785 is an operator game, not a passive one. Looking more closely, entry prices of $706K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Indian Rocks Beach:
Property Strategy for 33785
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $351,350 | $1,900 | 3.9% | +4.8% | $351,350 |
| 2BR | $600,274 | $2,210 | 2.7% | +7.4% | $300,137 |
| 3BR | $958,785 | $2,830 | 2.1% | +8.2% | $319,595 |
| 4BR | $1,770,509 | $3,440 | 1.4% | +11.5% | $442,627 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33785 Compare?
| Metric | 33785 | Indian Rocks Beach | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $705,654 | $705,654 | N/A | $374,697 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 7.4% |
| Avg Rent | $2,658 | $2,658 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 33785 (Indian Rocks Beach, 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 | $705,654 |
| Monthly Rent | $2,658 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | -4.1% ▼ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 33785
Population: 4,871
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 33785
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ANONA ELEMENTARY SCHOOL
BAUDER ELEMENTARY SCHOOL
OAKHURST ELEMENTARY SCHOOL
PLATO SEMINOLE
RIDGECREST 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
How much does a house cost in Indian Rocks Beach, FL?
In Indian Rocks Beach, FL the median home value sits at $706K. Against the broader FL market, that reads as reasonable for most investors.
What is the typical renter like in Indian Rocks Beach, FL?
Indian Rocks Beach, FL offers a predictable renter base at the $2,658/mo rent level. Tenant turnover is reasonable for well-managed properties.
How high is vacancy risk in Indian Rocks Beach, FL?
Indian Rocks Beach, FL carries elevated vacancy risk. Expect even-keeled absorption at market rents of $2,658/mo.
Is house hacking profitable in Indian Rocks Beach, FL?
House hacking in Indian Rocks Beach, FL is reasonable to execute. Prices around $706K and rents of $2,658/mo solid owner-occupant economics.
Is rental property easy to operate in Indian Rocks Beach, FL?
Landlord-friendliness in Indian Rocks Beach, FL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 33785 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33785 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 33785 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
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