Real Estate Investing in Fleming Island, Florida (32003)
Should you buy in 32003 (Fleming Island, FL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Fleming Island, FL (32003)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32003 Fleming Island
The 32003 ZIP in Fleming Island, FL is a local-operator market. Outside capital chasing a $443K entry has to pair deep knowledge with the discount.
The investment case in 32003 is sturdy only for operators who understand what they are buying. A $443K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 32003's metrics run below Clay County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 32003 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 32003 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Fleming Island:
Property Strategy for 32003
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,556 | $2,310 | 7.5% | +8.4% | $111,278 |
| 3BR | $363,349 | $2,850 | 5.6% | +7.5% | $121,116 |
| 4BR | $487,587 | $3,570 | 5.3% | +8.1% | $121,897 |
| 5BR | $639,756 | — | — | +8.4% | $127,951 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32003 Compare?
| Metric | 32003 | Fleming Island | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $442,502 | $442,502 | N/A | $374,697 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.4% |
| Avg Rent | $1,813 | $1,813 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32003 (Fleming Island, FL). Anonymous, moderated, never written by AI.
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Property managers serving Clay County
Manage rentals here? List your business →Freedom Community Management provides community management services. summary from their website
Green River Property Management offers property management services for houses and homes for rent in Jacksonville, Florida. summary from their website
North Florida Property Management provides property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $442,502 |
| Monthly Rent | $1,813 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32003
Population: 29,351
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32003
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much does a house cost in Fleming Island, FL?
Homes in Fleming Island, FL typically sell near $443K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Does house hacking make sense in Fleming Island, FL?
House hacking works a challenging in Fleming Island, FL. Rents of $1,813/mo against $443K acquisition make the strategy solid for owner-occupants.
Are renters plentiful in Fleming Island, FL?
Working renters make up the core of the Fleming Island, FL tenant base. The pool is reasonable for investors targeting long-term holds.
Is Fleming Island, FL a good place for real estate investing?
Yes - Fleming Island, FL a 3.0/5 investability score. With $443K home prices against $1,813/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are landlord laws favorable in Fleming Island, FL?
Rental owners in Fleming Island, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
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