Pinellas County/Clearwater/33764

33764

ZIPSAFMR

Pinellas County, FL

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ZIP Investment Score

85Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,710	$1,410	2.7%
1 BR	$1,760	$1,520	1.2%
2 BR	$2,050	$1,870	0.5%
3 BR	$2,620	$2,630	0.5%
4 BR	$3,180	$3,120	0.3%
5 BR	$3,657	Not available	0.3%
6 BR	$4,206	Not available	0.3%
7 BR	$4,836	Not available	0.3%
8 BR	$5,562	Not available	0.3%

Purchase Price Calculator

Maximum purchase price

$215,965

Cost breakdown

+Likely effective rent$1,870

HUD FMR$2,050

Market rentUsed$1,870

Est. payment standard (94%)$1,930

-Principal and interest-$1,092

Loan amount$172,772

Down payment$43,193

Rate6.50%

Term30 years

-Operating costs-$578

Property taxes-$216

Insurance-$175

Utilities$0

HOA$0

Management-$187

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$29,996(69.4% ROI)

Projected value

$232,570

Return breakdown

Property appreciation+$16,606

Loan principal paid down+$6,190

Rental cash flow+$7,200

5-year hold

+$51,418(119.0% ROI)

Projected value

$244,344

Return breakdown

Property appreciation+$28,380

Loan principal paid down+$11,038

Rental cash flow+$12,000

10-year hold

+$110,791(256.5% ROI)

Projected value

$276,453

Return breakdown

Property appreciation+$60,488

Loan principal paid down+$26,303

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.21ratio

FMR$1,710

Market$1,410

vs market+$300

FMR is above market; underwrite to market rent.

1.21

1 BR

1.16ratio

FMR$1,760

Market$1,520

vs market+$240

FMR is above market; underwrite to market rent.

1.16

2 BR

1.10ratio

FMR$2,050

Market$1,870

vs market+$180

FMR is near market; voucher and private rents are aligned.

1.10

3 BR

0.99ratio

FMR$2,620

Market$2,640

vs market-$20

FMR is near market; voucher and private rents are aligned.

0.99

4 BR

1.02ratio

FMR$3,180

Market$3,120

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.02

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 33764 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33764 (Clearwater, FL) is $2,050 a month. That is down 3.3% from $2,120 in FY 2026. Clearwater 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, 33764 is tied for the 24th-highest two-bedroom rent (county range $1,580–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33764 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33764
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,710	$1,710	0.0%	$1,539–$1,881
1BR	$1,820	$1,760	−3.3%	$1,584–$1,936
2BR	$2,120	$2,050	−3.3%	$1,845–$2,255
3BR	$2,710	$2,620	−3.3%	$2,358–$2,882
4BR	$3,300	$3,180	−3.6%	$2,862–$3,498

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33764
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,710	$1,760	$2,050	$2,620	$3,180
FY 2026	$1,710	$1,820	$2,120	$2,710	$3,300
FY 2025	$1,700	$1,830	$2,150	$2,750	$3,350
FY 2024	$1,580	$1,700	$2,020	$2,580	$3,150
FY 2023	$1,380	$1,480	$1,780	$2,280	$2,790

Two-bedroom rent in nearby Pinellas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 33764
33757	$1,930	−5.9%
33758	$1,930	−5.9%
33759	$2,230	+8.8%
33760	$1,860	−9.3%
33761	$2,140	+4.4%
33762	$2,180	+6.3%
33763	$1,750	−14.6%
33764Current	$2,050	—
33765	$1,980	−3.4%
33766	$1,930	−5.9%
33767	$2,380	+16.1%
33770	$1,810	−11.7%

Questions about ZIP 33764 rents

How much will Section 8 pay for a two-bedroom in ZIP 33764?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,050, that basic range is $1,845 to $2,255 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 33764 in?

ZIP 33764 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 33764 for FY 2027?

The two-bedroom FMR fell 3.3%, from $2,120 in FY 2026 to $2,050 in FY 2027. Since FY 2023 it has risen 15.2%.

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 rent Clearwater, FL fair market rent FL statewide rents What is SAFMR?Data sources