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Pinellas County/Pinellas Park/33781

33781

ZIPSAFMR
Pinellas County, FL
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$1,380$1,430
1 BR$1,430$1,570
2 BR$1,660$1,830
3 BR$2,120$2,330
4 BR$2,580$2,840
5 BR$2,967Not available
6 BR$3,412Not available
7 BR$3,924Not available
8 BR$4,512Not available

Purchase Price Calculator

Maximum purchase price
$210,021

Cost breakdown

+Likely effective rent$1,830
HUD FMR$1,660
Market rent$2,190
Est. payment standard (110%)Used$1,830
-Principal and interest-$1,062
Loan amount$168,017
Down payment$42,004
Rate6.50%
Term30 years
-Operating costs-$568
Property taxes-$210
Insurance-$175
Utilities$0
HOA$0
Management-$183
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,368(69.9% ROI)
Projected value
$226,169
Return breakdown
Property appreciation+$16,149
Loan principal paid down+$6,020
Rental cash flow+$7,200
5-year hold
+$50,333(119.8% ROI)
Projected value
$237,619
Return breakdown
Property appreciation+$27,598
Loan principal paid down+$10,735
Rental cash flow+$12,000
10-year hold
+$108,402(258.1% ROI)
Projected value
$268,844
Return breakdown
Property appreciation+$58,824
Loan principal paid down+$25,579
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.76
2 BR
0.76
3 BR
0.83
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33781 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33781 (Pinellas Park, FL) is $1,660 a month. That is unchanged from FY 2026. Pinellas Park 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, 33781 has the 68th-highest two-bedroom rent (county range $1,580–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33781 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33781
BedroomsFY 2027Change90–110% range
Studio$1,380+3.0%$1,242–$1,518
1BR$1,430+0.7%$1,287–$1,573
2BR$1,6600.0%$1,494–$1,826
3BR$2,1200.0%$1,908–$2,332
4BR$2,5800.0%$2,322–$2,838

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33781
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,380$1,430$1,660$2,120$2,580
FY 2026$1,340$1,420$1,660$2,120$2,580
FY 2025$1,310$1,410$1,650$2,110$2,570
FY 2024$1,210$1,300$1,540$1,970$2,400
FY 2023$1,090$1,170$1,400$1,790$2,200

Two-bedroom rent in nearby Pinellas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33781
33774$1,820+9.6%
33775$1,930+16.3%
33776$2,790+68.1%
33777$2,230+34.3%
33778$2,130+28.3%
33779$1,930+16.3%
33780$1,930+16.3%
33781Current$1,660—
33782$2,230+34.3%
33784$1,930+16.3%
33785$2,180+31.3%
33786$2,880+73.5%

Questions about ZIP 33781 rents

How much will Section 8 pay for a two-bedroom in ZIP 33781?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,660, that basic range is $1,494 to $1,826 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 33781 in?

ZIP 33781 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 33781 for FY 2027?

The two-bedroom FMR was unchanged at $1,660 in FY 2027. Since FY 2023 it has risen 18.6%.

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 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 rentPinellas Park, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources