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Pinellas County/Saint Petersburg/33729

33729

ZIPFMR
Pinellas County, FL
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,597$1,600
1 BR$1,648$1,810
2 BR$1,917$2,110
3 BR$2,448$2,660
4 BR$2,977$3,260
5 BR$3,424Not available
6 BR$3,937Not available
7 BR$4,528Not available
8 BR$5,207Not available

Purchase Price Calculator

Maximum purchase price
$251,629

Cost breakdown

+Likely effective rent$2,110
HUD FMR$1,917
Market rent$2,760
Est. payment standard (110%)Used$2,110
-Principal and interest-$1,272
Loan amount$201,303
Down payment$50,326
Rate6.50%
Term30 years
-Operating costs-$638
Property taxes-$252
Insurance-$175
Utilities$0
HOA$0
Management-$211
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,760(67.1% ROI)
Projected value
$270,977
Return breakdown
Property appreciation+$19,348
Loan principal paid down+$7,212
Rental cash flow+$7,200
5-year hold
+$57,927(115.1% ROI)
Projected value
$284,695
Return breakdown
Property appreciation+$33,066
Loan principal paid down+$12,861
Rental cash flow+$12,000
10-year hold
+$125,123(248.6% ROI)
Projected value
$322,106
Return breakdown
Property appreciation+$70,477
Loan principal paid down+$30,646
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
0.80
2 BR
0.69
3 BR
0.88
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 33729 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 33729 (Saint Petersburg, FL) is $1,917 a month. That is down 3.0% from $1,977 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. The median county two-bedroom FMR in Florida is $1,474, so ZIP 33729 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33729
BedroomsFY 2027Change90–110% range
Studio$1,597+0.3%$1,437–$1,757
1BR$1,648−2.8%$1,483–$1,813
2BR$1,917−3.0%$1,725–$2,109
3BR$2,448−3.1%$2,203–$2,693
4BR$2,977−3.2%$2,679–$3,275

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33729
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,597$1,648$1,917$2,448$2,977
FY 2026$1,593$1,696$1,977$2,527$3,077
FY 2025$1,566$1,686$1,978$2,533$3,082
FY 2024$1,449$1,562$1,851$2,367$2,888
FY 2023$1,291$1,381$1,659$2,123$2,603

Questions about ZIP 33729 rents

How much will Section 8 pay for a two-bedroom in ZIP 33729?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,917, that basic range is $1,725 to $2,109 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 33729 in?

ZIP 33729 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 33729 for FY 2027?

The two-bedroom FMR fell 3.0%, from $1,977 in FY 2026 to $1,917 in FY 2027. Since FY 2023 it has risen 15.6%.

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 Fair Market Rents. 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