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 | $1,510 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,810 |
| 5 Bedrooms | $3,260 |
| 6 Bedrooms | $3,651 |
| 7 Bedrooms | $3,943 |
| 8 Bedrooms | $4,140 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,560 | $146,547 | 1.06% | B |
| 2BR | $1,810 | $299,511 | 0.6% | D |
| 3BR | $2,310 | $436,864 | 0.53% | F |
| 4BR | $2,810 | $594,591 | 0.47% | F |
| 5BR | $3,260 | $1,153,359 | 0.28% | F |
U.S. Census Bureau data (2024)
The ZIP code 33770, located in Largo, Florida, presents a unique balance between yield and stability that could be appealing to both landlords and small-portfolio investors.
On the yield axis, the Fair Market Rent (FMR) for 2024 is set at $1,800. This figure is notably higher than the market rent of $1,754, indicating a potential for slightly above-average rental income when compared to typical market rates. The median home value in the area stands at $367,161, which suggests a moderate investment cost relative to the rental income potential.
Moving to the stability axis, the rental market shows a significant proportion of renters at 38.3%, which is a healthy indicator for consistent demand. The Days on Market (DOM) average is 68 days, which is relatively low, suggesting that properties are likely to be rented out quickly once they become available. Additionally, the median household income of $59,815 provides some assurance regarding the ability of tenants to meet their rent obligations consistently.
Given these figures, ZIP 33770 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle ground where investors can achieve reasonable yields without sacrificing too much stability. The slight premium on FMR over market rent indicates a positive yield environment, while the strong rental demand and quick turnover suggest a stable tenant base.
To summarize, the combination of a modestly higher FMR and a robust rental demand makes ZIP 33770 an attractive option for those seeking a balanced approach to real estate investment in Largo, FL.
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.