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 analysis of ZIP code 33766 within the Tampa-St. Petersburg-Clearwater, FL MSA reveals several key points for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for ZIP 33766 in fiscal year 2024 is set at $1850. However, due to the lack of specific market rent data, it's challenging to provide a direct comparison. This means that while the government benchmark suggests a rent point, the actual market dynamics could vary, necessitating further local research.
Secondly, the acquisition cost analysis is hampered by the absence of specific data on median home values, days on market (DOM), and the percentage of homes needing price cuts. Without these figures, it's impossible to determine if purchasing properties in this area would be financially prudent. Investors should seek out detailed local real estate listings and recent sale data to make informed decisions about property acquisitions.
Lastly, tenant demand is another critical factor. The population and the percentage of renters in ZIP 33766 are currently unknown, making it difficult to assess the stability of rental income. A robust tenant base is essential for long-term investment success, so understanding the demographic trends and housing preferences of the area is crucial.
Verdict: While the Fair Market Rent provides a starting point for setting rental prices, the lack of detailed market data on both property acquisition costs and tenant demographics means that investing in ZIP 33766 requires additional research. Landlords and investors must gather specific information on median home values, days on market, and the local population's renting habits to make a fully informed decision. The potential for successful investments exists, but it hinges on thorough due diligence to fill in the missing pieces of the financial puzzle.
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.