Real Estate Investing in Green Cove Springs, Florida (32043)
Should you buy in 32043 (Green Cove Springs, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
What’s happening in Green Cove Springs, FL (32043)?
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Market Analysis: 32043 Green Cove Springs
Investors eyeing 32043 need to respect the fundamentals at play. Home values of $345K come alongside slower price movement and elevated management overhead.
The investment case in 32043 is impressive only for operators who understand what they are buying. A $345K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within FL, ZIP 32043 trails on several market indicators that neighboring Clay County submarkets outperform. The gap is real and significant enough to shape underwriting.
The 32043 ZIP's population of 33,592 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 32043 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Green Cove Springs:
Property Strategy for 32043
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $201,877 | $1,630 | 5.8% | +7.2% | $100,938 |
| 3BR | $306,193 | $2,010 | 4.7% | +7.2% | $102,064 |
| 4BR | $360,070 | $2,520 | 5.0% | +6.9% | $90,018 |
| 5BR | $418,687 | — | — | +7.4% | $83,737 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32043 Compare?
| Metric | 32043 | Green Cove Springs | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $344,906 | $344,906 | N/A | $374,697 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.4% |
| Avg Rent | $2,109 | $2,109 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
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 32043 (Green Cove Springs, 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 | $344,906 |
| Monthly Rent | $2,109 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.4% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.8%). 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 32043
Population: 33,592
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 32043
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 does Green Cove Springs, FL rate as a rental market?
Green Cove Springs, FL rates 3.0/5 for investability. With median values at $345K and rents near $2,109/mo, the market offers reasonable fundamentals for rental investors.
What is the typical rental rate in Green Cove Springs, FL?
Investors in Green Cove Springs, FL typically see rents near $2,109/mo per month against $345K home values - a solid setup for rental cash flow.
What is the typical home price in Green Cove Springs, FL?
Homes in Green Cove Springs, FL typically sell near $345K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Do landlords face vacancy issues in Green Cove Springs, FL?
Expect elevated vacancy in Green Cove Springs, FL. Rents at $2,109/mo are absorbed by the tenant base without meaningful lag.
How deep is the rental pool in Green Cove Springs, FL?
Expect a solid tenant pool in Green Cove Springs, FL. The rental market absorbs $2,109/mo rents without meaningful friction.
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Community Ratings
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