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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +0.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −19.4% YoY, is the number to watch.
The median listing price is up 0.6% YoY while the median home got up 6.0% bigger, so value per square foot is down 1.1%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $400K purchase rents for $1,800/mo: 0.45% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 35 days longer to go under contract than rentals (median across 5 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 33770 itself, not its parent county.
Renters hold 38.3% of this ZIP's 11,563 occupied households, on a median household income of $60K.
| Measure | ZIP 33770 | Pinellas County | Difference |
|---|---|---|---|
| Median Household Income | $60K | $73K | -$13K |
| Below Poverty Level | 14.3% | 11.5% | +2.8% |
| Median Age | 49.40 | 49.00 | +0.40 |
| Total Population | 25,368 | 963,481 | -- |
| Avg Household Size | 2.18 | 2.20 | -0.02 |
| Owner-Occupied | 61.7% | 69.5% | -7.8% |
| Worked From Home | 11.2% | 20.0% | -8.8% |
| Mean Commute | 22.80 | 25.20 | -2.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.3% to 963,481: residents under 18 are down 1.2% and those 65 and over are up 2.3%.
County median household income is $73K, 11.5% of residents are below the poverty level, 20.0% work from home.