Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,620 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $1,950 |
| 3 Bedrooms | $2,490 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,680 | $114,128 | 1.47% | A |
| 2BR | $1,950 | $314,390 | 0.62% | D |
| 3BR | $2,490 | $429,361 | 0.58% | F |
| 4BR | $3,030 | $534,207 | 0.57% | F |
| 5BR | $3,515 | $815,265 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 33710 in Saint Petersburg, FL, has a population of 33,796, with 18.1% being renters. This indicates that while there is a notable rental presence, it is not a renter-heavy area. The median household income stands at $78,611, which is higher than many urban areas, suggesting a relatively affluent demographic.
The market rent for this area is $1,883, representing approximately 24% of the median household income. This figure is slightly below the Fair Market Rent (FMR) of $1,950 for FY 2024, indicating that properties renting at $1,883 are competitively priced but still within the acceptable range for the local market.
Given the income levels and the market rent, landlords can expect tenants who are likely to be financially stable and capable of paying rent without significant assistance. However, the presence of Section 8 vouchers is limited due to the lower percentage of renters and higher median income. Landlords should prepare for a tenant pool that primarily consists of individuals or families who can afford market-rate rents, with some seeking assistance through vouchers.
To summarize, the ZIP code 33710 is not deeply penetrated by voucher demand. Instead, it is an area where homeownership dominates, and the rental market caters to those who can afford close to 25% of their income towards rent. Landlords should anticipate a mix of tenants, with most being able to pay market rates, and a smaller segment utilizing housing vouchers.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.