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Pinellas County/Saint Petersburg/33709

33709

ZIPSAFMR
Pinellas County, FL
Zillow

ZIP Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$1,440$1,410
1 BR$1,490$1,640
2 BR$1,730$1,900
3 BR$2,210$2,430
4 BR$2,690$2,960
5 BR$3,093Not available
6 BR$3,558Not available
7 BR$4,091Not available
8 BR$4,705Not available

Purchase Price Calculator

Maximum purchase price
$220,423

Cost breakdown

+Likely effective rent$1,900
HUD FMR$1,730
Market rent$2,100
Est. payment standard (110%)Used$1,900
-Principal and interest-$1,115
Loan amount$176,338
Down payment$44,085
Rate6.50%
Term30 years
-Operating costs-$585
Property taxes-$220
Insurance-$175
Utilities$0
HOA$0
Management-$190
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,466(69.1% ROI)
Projected value
$237,371
Return breakdown
Property appreciation+$16,948
Loan principal paid down+$6,318
Rental cash flow+$7,200
5-year hold
+$52,232(118.5% ROI)
Projected value
$249,388
Return breakdown
Property appreciation+$28,965
Loan principal paid down+$11,266
Rental cash flow+$12,000
10-year hold
+$112,583(255.4% ROI)
Projected value
$282,160
Return breakdown
Property appreciation+$61,737
Loan principal paid down+$26,846
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.82
2 BR
0.82
3 BR
0.87
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33709 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33709 (Saint Petersburg, FL) is $1,730 a month. That is down 3.9% from $1,800 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, 33709 is tied for the 65th-highest two-bedroom rent (county range $1,580–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33709 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33709
BedroomsFY 2027Change90–110% range
Studio$1,440−0.7%$1,296–$1,584
1BR$1,490−3.2%$1,341–$1,639
2BR$1,730−3.9%$1,557–$1,903
3BR$2,210−3.9%$1,989–$2,431
4BR$2,690−3.9%$2,421–$2,959

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33709
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,440$1,490$1,730$2,210$2,690
FY 2026$1,450$1,540$1,800$2,300$2,800
FY 2025$1,450$1,560$1,830$2,340$2,850
FY 2024$1,320$1,420$1,680$2,150$2,620
FY 2023$1,150$1,230$1,480$1,890$2,320

Two-bedroom rent in nearby Pinellas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33709
33703$2,100+21.4%
33704$1,770+2.3%
33705$1,940+12.1%
33706$2,060+19.1%
33707$1,820+5.2%
33708$2,410+39.3%
33709Current$1,730—
33710$1,950+12.7%
33711$2,280+31.8%
33712$1,850+6.9%
33713$1,800+4.0%
33714$1,630−5.8%

Questions about ZIP 33709 rents

How much will Section 8 pay for a two-bedroom in ZIP 33709?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 33709 in?

ZIP 33709 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 33709 for FY 2027?

The two-bedroom FMR fell 3.9%, from $1,800 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 16.9%.

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