Introduction
Clearwater, FL, known for its stunning Gulf Coast beaches, year-round sunshine, and thriving tourism industry, offers numerous opportunities for short-term rental investments. From waterfront neighborhoods to more suburban areas, the city’s diverse appeal draws visitors from all over. Here’s an analysis of the top zip codes for investment, with insights into gross yields, annual revenues, Zillow home values, and the unique characteristics of each area.
33763: Countryside & North Clearwater
- Gross Yield: 11%
- Annual Revenue: $23,991
- Zillow Home Value: $223.2K
Zip code 33763 encompasses parts of the Countryside neighborhood and North Clearwater. Known for its residential areas, parks, and proximity to the Countryside Mall, this area provides a family-friendly environment. The gross yield of 11% is the highest on this list, with annual revenue of $23,991, making it a promising area for investors. The Zillow home value of $223.2K offers an affordable entry point into the market. The demand for short-term rentals comes from both tourists visiting the beaches and snowbirds seeking winter accommodations.
33765: Central Clearwater
- Gross Yield: 8%
- Annual Revenue: $30,066
- Zillow Home Value: $369.2K
This zip code covers Central Clearwater, a bustling area that combines residential living with access to attractions like Spectrum Field, where the Philadelphia Phillies hold spring training. The gross yield here is 8%, and annual revenue comes in at $30,066, indicating a solid performance. Zillow home values are $369.2K, reflecting the central location’s convenience. With plenty of dining, shopping, and entertainment options nearby, this area attracts both families and sports enthusiasts.
33759: Bayside & Safety Harbor Vicinity
- Gross Yield: 8%
- Annual Revenue: $27,397
- Zillow Home Value: $362.0K
Zip code 33759 includes the Bayside area and parts of the Safety Harbor vicinity, known for its scenic waterfront parks and proximity to Tampa Bay. With a gross yield of 8% and annual revenue of $27,397, it’s a reliable option for short-term rentals. Zillow home values average $362.0K, making it one of the pricier areas. The neighborhood’s peaceful vibe, combined with easy access to major roads leading to Tampa and Clearwater Beach, makes it attractive for both weekend getaways and extended stays.
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33760: High Point & South Clearwater
- Gross Yield: 7%
- Annual Revenue: $18,467
- Zillow Home Value: $279.5K
This zip code covers High Point and parts of South Clearwater, areas that are more suburban and residential. The gross yield of 7% and annual revenue of $18,467 suggest a more moderate investment opportunity. Zillow home values are relatively affordable at $279.5K. The area benefits from being close to St. Pete–Clearwater International Airport and major highways, making it convenient for travelers. It’s a good choice for budget-conscious investors looking for stable rental income with room for future appreciation.
Conclusion
These Clearwater zip codes present diverse investment opportunities, from high-yield residential neighborhoods to more upscale areas with premium rental rates. Investors can take advantage of the city’s strong tourism market and the steady demand for short-term accommodations.
