What is the median home value in Pinellas County, FL?

The median home value in Pinellas County, FL is $319,000, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Pinellas County, FL?

The cap rate proxy in Pinellas County, FL is 7.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is above average for cash-flow investors.

How much new construction is happening in Pinellas County, FL?

Pinellas County has 960,565 residents and issued 3,655 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Tampa-St. Petersburg-Clearwater, FL · Florida

Pinellas County

960,565 residents3,655 permits TTM$70,293 median HHI48 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$319,000

ACS 5-Year

Cap rate proxy

7.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

26.0%

HUD FMR ÷ ACS HHI

Net migration

+2.93%

IRS SOI

Permits (TTM)

3,655

Census BPS

Climate risk

98.2

FEMA NRI (0–100)

ZIP code breakdown48 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
33716	$162,921	$2,700	19.9%	13.2%	33.4%
33760	$250,647	$2,020	9.7%	7.5%	23.0%
33711	$271,028	$2,270	10.1%	9.5%	5.2%
33763	$200,415	$1,860	11.1%	12.0%	-7.6%
33709	$262,933	$1,800	8.2%	8.8%	-6.8%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$468,923	$2,970	7.6%	10.3%	-35.8%
$319,442	$2,020	7.6%	8.4%	-10.1%
$294,205	$2,280	9.3%	8.0%	14.0%
$319,030	$2,370	8.9%	8.0%	10.6%
$296,864	$2,000	8.1%	7.9%	2.3%
$346,626	$2,090	7.2%	7.8%	-8.2%
$386,289	$2,130	6.6%	7.8%	-18.2%
$254,805	$1,850	8.7%	7.8%	10.4%
$326,510	$2,040	7.5%	7.7%	-2.4%
$299,156	$1,660	6.7%	7.5%	-13.0%
$310,884	$1,920	7.4%	7.4%	-0.3%
$700,113	$2,640	4.5%	7.4%	-63.1%
$361,232	$1,660	5.5%	7.4%	-33.7%
$357,417	$1,890	6.3%	7.2%	-14.1%
$264,138	$1,730	7.9%	7.2%	8.8%
$332,212	$1,720	6.2%	7.1%	-14.9%
$351,363	$1,860	6.4%	7.1%	-12.4%
$303,245	$2,300	9.1%	7.0%	22.8%
$365,181	$1,900	6.2%	7.0%	-12.4%
$361,965	$2,120	7.0%	6.9%	2.1%
$313,494	$2,220	8.5%	6.8%	19.5%
$338,824	$2,330	8.3%	6.8%	17.5%
$362,984	$1,950	6.4%	6.8%	-5.3%
$322,725	$2,160	8.0%	6.8%	15.6%
$362,676	$1,950	6.5%	6.6%	-2.3%
$906,594	$2,970	3.9%	6.5%	-65.0%
$353,069	$1,770	6.0%	6.5%	-7.6%
$403,018	$1,970	5.9%	6.1%	-3.6%
$364,468	$1,850	6.1%	6.0%	1.6%
$368,528	$2,070	6.7%	6.0%	11.5%
$319,000county est.	$2,510	9.4%	5.7%	39.2%
$319,000county est.	$2,130	8.0%	5.7%	28.4%
$342,199	$2,060	7.2%	5.7%	21.5%
$707,290	$2,210	3.7%	5.6%	-50.5%
$564,877	$2,120	4.5%	5.1%	-13.8%
$478,024	$2,390	6.0%	5.1%	14.7%
$490,138	$2,250	5.5%	5.1%	7.5%
$508,126	$2,510	5.9%	5.1%	14.2%
$445,298	$2,130	5.7%	4.7%	18.6%
$733,242	$2,160	3.5%	4.3%	-20.2%
$718,310	$1,850	3.1%	3.8%	-22.4%
$490,043	$2,910	7.1%	3.7%	47.6%
$557,876	$1,910	4.1%	3.3%	20.2%

Demographics

Owner-occupied

69.4%

Census ACS

Vacancy rate

18.3%

Census ACS

Bachelor's degree +

35.8%

Census ACS

Rent burdened

54.7%

Census ACS (>30% income)

Median age

48.9

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Pinellas County

See all 48 ZIPs ranked by yield and cap rate