Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,640 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,520 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
$1900 is the Fair Market Rent (FMR) for ZIP 33571 as of fiscal year 2024, indicating the maximum amount that a Section 8 voucher holder can pay toward their monthly rent.
N/A is the current market rent for ZIP 33571, suggesting that there is limited data available for comparison against the FMR.
N/A is also the median home value for the area, which means that detailed information on home values might be scarce or not updated.
N/A% is the share of renters in ZIP 33571, making it difficult to gauge the proportion of tenants versus homeowners.
N/A is the median income figure for the area, which limits insights into the economic conditions of potential tenants.
N/A-day is the typical Days on Market (DOM) for properties in ZIP 33571, implying that data on how quickly homes are selling is not readily available.
N/A% is the share of homes experiencing price cuts in the area, indicating that there isn't enough data to assess the frequency of price reductions.
The flood risk for ZIP 33571 is minor, with 6% of properties expected to face severe flooding over the next 30 years. This suggests that while flooding is a concern, it is relatively low compared to other areas.
However, the fire risk for ZIP 33571 is major, with 99% of properties at risk of wildfire over the next 30 years. This high percentage highlights the significant threat wildfires pose to the area.
The wind risk for ZIP 33571 is extreme, with 100% of properties at risk of a severe wind event over the next 30 years. This underscores the critical importance of considering wind-resistant construction and maintenance practices.
Given the specific risks associated with fire and wind, landlords and small-portfolio investors should carefully evaluate the potential costs and liabilities before investing in ZIP 33571. The lack of comprehensive data on market rent, median home value, and median income makes it challenging to accurately assess the financial viability of properties in this area.
Verdict: Proceed with caution due to environmental risks and incomplete market data.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.