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Pinellas County/Saint Petersburg/33704

33704

ZIPSAFMR
Pinellas County, FL
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$1,470$1,620
1 BR$1,520$1,670
2 BR$1,770$1,950
3 BR$2,260$2,490
4 BR$2,750$3,030
5 BR$3,162Not available
6 BR$3,637Not available
7 BR$4,182Not available
8 BR$4,810Not available

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMR$1,770
Market rent$2,930
Est. payment standard (110%)Used$1,950
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.83
1 BR
0.71
2 BR
0.60
3 BR
0.71
4 BR
0.53
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33704 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33704 (Saint Petersburg, FL) is $1,770 a month. That is down 4.3% from $1,850 in FY 2026. Saint Petersburg is in the Tampa-St. Petersburg-Clearwater, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 70 ZIP codes in Pinellas County, 33704 has the 62nd-highest two-bedroom rent (county range $1,580–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33704 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33704
BedroomsFY 2027Change90–110% range
Studio$1,470−1.3%$1,323–$1,617
1BR$1,520−4.4%$1,368–$1,672
2BR$1,770−4.3%$1,593–$1,947
3BR$2,260−4.6%$2,034–$2,486
4BR$2,750−4.5%$2,475–$3,025

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33704
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,470$1,520$1,770$2,260$2,750
FY 2026$1,490$1,590$1,850$2,370$2,880
FY 2025$1,460$1,570$1,840$2,360$2,870
FY 2024$1,360$1,470$1,740$2,220$2,710
FY 2023$1,210$1,290$1,550$1,980$2,430

Two-bedroom rent in nearby Pinellas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33704
33701$2,060+16.4%
33702$1,840+4.0%
33703$2,100+18.6%
33704Current$1,770—
33705$1,940+9.6%
33706$2,060+16.4%
33707$1,820+2.8%
33708$2,410+36.2%
33709$1,730−2.3%
33710$1,950+10.2%
33711$2,280+28.8%
33712$1,850+4.5%

Questions about ZIP 33704 rents

How much will Section 8 pay for a two-bedroom in ZIP 33704?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,770, that basic range is $1,593 to $1,947 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 33704 in?

ZIP 33704 is in the Tampa-St. Petersburg-Clearwater, FL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 33704 for FY 2027?

The two-bedroom FMR fell 4.3%, from $1,850 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has risen 14.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentSaint Petersburg, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources