Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,610 |
| 1 Bedroom | $1,660 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $3,000 |
| 5 Bedrooms | $3,480 |
| 6 Bedrooms | $3,898 |
| 7 Bedrooms | $4,210 |
| 8 Bedrooms | $4,421 |
The market dynamics in ZIP 33732, located in Florida, suggest an environment where rental properties are integral to the local housing ecosystem. The Fair Market Rent (FMR) for the area stands at $1850 for the fiscal year 2024, indicating a clear baseline for what landlords can expect to charge tenants in this region. Despite the lack of specific data on market rents, days on market (DOM), and median home values, the absence of these figures often points to a less active real estate market, particularly when it comes to sales. This implies that the rental sector might be more vibrant, supporting the idea that supply could be closely matching or slightly exceeding demand.
The unknown percentage of the renter share in ZIP 33732 provides insight into the long-term housing pressures faced by the area. A higher proportion of renters typically signals sustained housing affordability issues or a preference for renting over owning. While the exact figure is not available, the fact that such a statistic is not readily reported could indicate a stable rental market with consistent occupancy rates. Landlords and small-portfolio investors should take note of the FMR figure, as it is a reliable indicator of the rental market's health and can guide pricing strategies to ensure competitiveness without sacrificing profitability.
In summary, ZIP 33732 appears to be a market where rental properties play a significant role, likely due to either affordability concerns or a preference for renting. The Fair Market Rent at $1850 suggests a balanced market, though the lack of additional metrics indicates a need for landlords to stay informed about local trends to maintain their investment's success.
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.