Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 33574 within the Tampa-St. Petersburg-Clearwater, FL MSA reveals several key insights for landlords and small-portfolio investors.
The rent math in ZIP 33574 is questionable. The Fair Market Rent (FMR) for FY 2024 is set at $1760, but without specific data on the current market rent, it's difficult to assess whether this figure aligns with what tenants can afford or are willing to pay. Landlords should be cautious about relying solely on FMR for setting their rental prices.
Acquisition in this area presents mixed challenges. Without precise figures on the median home value, days on market (DOM), and the percentage of homes that require price cuts, it's hard to give a definitive assessment. However, these metrics are crucial for understanding the affordability and competitiveness of property purchases in ZIP 33574. Investors should conduct thorough research to determine if the local housing market supports affordable acquisitions.
Tenant demand in ZIP 33574 is moderate. With a population of 1,822, the lack of specific data on the percentage of renters makes it challenging to gauge how many potential tenants might be in the market. A higher renter share would indicate stronger demand, but without this figure, landlords must rely on other indicators such as job growth and housing shortages to estimate future tenant interest.
In summary, while there is a defined FMR for ZIP 33574, the absence of detailed market rent data complicates the evaluation of rental income viability. Acquisition costs and competition are uncertain due to missing data on median home values and sales dynamics. Tenant demand appears limited by the small population size, though the exact proportion of renters remains unclear. Landlords and investors should proceed with caution, using additional local economic and housing market data to inform their decisions.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.