Real Estate Investing in Palm Harbor, Florida (34684)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34684 (Palm Harbor, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
What’s happening in Palm Harbor, FL (34684)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34684 Palm Harbor
From a cash-flow lens, ZIP 34684 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $325K median. It rewards specialists, not generalists.
From a cash-flow lens, the numbers look inviting — $325K purchase price, 0.0% nominal cap — the work to hit that pro forma in 34684 is substantial and deserves full respect.
In the broader FL picture, 34684 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 34684 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Palm Harbor:
Property Strategy for 34684
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $157,774 | $1,850 | 8.4% | +7.5% | $157,774 |
| 2BR | $271,068 | $2,160 | 5.7% | +6.0% | $135,534 |
| 3BR | $410,029 | $2,760 | 4.8% | +7.7% | $136,676 |
| 4BR | $619,407 | $3,360 | 3.9% | +8.4% | $154,852 |
| 5BR | $938,207 | — | — | +8.9% | $187,641 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34684 Compare?
| Metric | 34684 | Palm Harbor | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $325,021 | $480,299 | N/A | $374,697 |
| 5-Year CAGR | 3.4% | 3.6% | N/A | 7.4% |
| Avg Rent | $1,884 | $1,908 | N/A | - |
| Cap Rate | 4.5% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34684 (Palm Harbor, 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 | $325,021 |
| Monthly Rent | $1,884 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 34684
Population: 26,926
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 34684
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PLATO ACADEMY PALM HARBOR CHARTER SCHOOL
CYPRESS WOODS ELEMENTARY SCHOOL
ELISA NELSON ELEMENTARY
OZONA ELEMENTARY SCHOOL
SUTHERLAND ELEMENTARY SCHOOL
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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- 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 quickly do rentals get leased in Palm Harbor, FL?
Vacancy risk in Palm Harbor, FL is elevated. That supports measured cash flow for typical rental holds.
How landlord-friendly is Palm Harbor, FL?
Landlord-friendliness in Palm Harbor, FL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What price range are homes in Palm Harbor, FL?
Median home price in Palm Harbor, FL is near $325K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What is the average monthly rent in Palm Harbor, FL?
Expect rents around $1,884/mo per month in Palm Harbor, FL. With home values at $325K, the yield math works out to reasonable levels for rental investors.
Can I live-in-and-rent in Palm Harbor, FL?
House hacking in Palm Harbor, FL is a challenging. With home values around $325K and rents at $1,884/mo, owner-occupants can offset a meaningful share of PITI.
You know 34684 now. You don’t know where it ranks.
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How 34684 ranks in Tampa-St. Petersburg-Clearwater, FL
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