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Pinellas County/Saint Petersburg/33705

33705

ZIPSAFMR
Pinellas County, FL
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,620$1,250
1 BR$1,670$1,580
2 BR$1,940$2,060
3 BR$2,480$2,490
4 BR$3,010$2,750
5 BR$3,461Not available
6 BR$3,981Not available
7 BR$4,578Not available
8 BR$5,265Not available

Purchase Price Calculator

Maximum purchase price
$244,199

Cost breakdown

+Likely effective rent$2,060
HUD FMR$1,940
Market rent$2,130
Est. payment standard (106%)Used$2,060
-Principal and interest-$1,235
Loan amount$195,359
Down payment$48,840
Rate6.50%
Term30 years
-Operating costs-$625
Property taxes-$244
Insurance-$175
Utilities$0
HOA$0
Management-$206
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,976(67.5% ROI)
Projected value
$262,975
Return breakdown
Property appreciation+$18,777
Loan principal paid down+$6,999
Rental cash flow+$7,200
5-year hold
+$56,571(115.8% ROI)
Projected value
$276,288
Return breakdown
Property appreciation+$32,090
Loan principal paid down+$12,482
Rental cash flow+$12,000
10-year hold
+$122,137(250.1% ROI)
Projected value
$312,595
Return breakdown
Property appreciation+$68,396
Loan principal paid down+$29,741
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.30
1 BR
1.06
2 BR
0.91
3 BR
0.99
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33705 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33705 (Saint Petersburg, FL) is $1,940 a month. That is down 4.0% from $2,020 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, 33705 has the 30th-highest two-bedroom rent (county range $1,580–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33705 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33705
BedroomsFY 2027Change90–110% range
Studio$1,620−0.6%$1,458–$1,782
1BR$1,670−3.5%$1,503–$1,837
2BR$1,940−4.0%$1,746–$2,134
3BR$2,480−3.9%$2,232–$2,728
4BR$3,010−4.1%$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33705
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,670$1,940$2,480$3,010
FY 2026$1,630$1,730$2,020$2,580$3,140
FY 2025$1,690$1,820$2,140$2,740$3,330
FY 2024$1,560$1,680$1,990$2,540$3,110
FY 2023$1,390$1,490$1,790$2,290$2,810

Two-bedroom rent in nearby Pinellas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33705
33701$2,060+6.2%
33702$1,840−5.2%
33703$2,100+8.2%
33704$1,770−8.8%
33705Current$1,940—
33706$2,060+6.2%
33707$1,820−6.2%
33708$2,410+24.2%
33709$1,730−10.8%
33710$1,950+0.5%
33711$2,280+17.5%
33712$1,850−4.6%

Questions about ZIP 33705 rents

How much will Section 8 pay for a two-bedroom in ZIP 33705?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,940, that basic range is $1,746 to $2,134 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 33705 in?

ZIP 33705 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 33705 for FY 2027?

The two-bedroom FMR fell 4.0%, from $2,020 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 8.4%.

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