Real Estate Investing in Jacksonville, Florida (32208)
Should you buy in 32208 (Jacksonville, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.2% of homes vacant — above national norms.
- Elevated poverty: 23.9% poverty rate — can affect rent collection.
- Lower household income: $39,511 median — tenant affordability is tighter.
What’s happening in Jacksonville, FL (32208)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32208 Jacksonville
This part of Duval County is not an easy win. The 32208 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,339/mo on a $152K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 32208 sits below the stated 0.0% once reality is priced in.
Turning to rents, 32208 offers a low basis, the region around Jacksonville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 32208 includes headwinds that any investor should price in. Income distribution skews lower than Jacksonville averages, and tenant stability requires active management.
Strategy in 32208 is an operator game, not a passive one. From an investor standpoint, entry prices of $152K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32208
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $82,805 | $1,210 | 10.5% | — | $82,805 |
| 2BR | $101,000 | $1,450 | 10.3% | +5.3% | $50,500 |
| 3BR | $146,464 | $1,790 | 8.8% | +4.2% | $48,821 |
| 4BR | $197,291 | $2,240 | 8.2% | +5.5% | $49,323 |
| 5BR | $229,312 | — | — | +6.7% | $45,862 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32208 Compare?
| Metric | 32208 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $152,475 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 2.9% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,339 | $1,636 | N/A | - |
| Cap Rate | 6.9% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32208 (Jacksonville, FL). Anonymous, moderated, never written by AI.
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Property managers serving Duval County
Manage rentals here? List your business →Community Management Concepts of Jacksonville, an Associa Member Company, offers HOA property management, professional maintenance, real estate, developer, financial, technology, and lifestyle service summary from their website
First Coast Association Management provides HOA management services in Jacksonville, FL. summary from their website
Real Property Management Jacksonville Metro offers property management services for single homes, multiple homes, apartment complexes, and institutional portfolios, with a focus on cost-effective fees 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 | $152,475 |
| Monthly Rent | $1,339 |
| Price-to-Rent | 9.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.5% |
| Cap Rate | 6.9% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +10.5% ▲ |
🏠 Rent Trends
| 1-Year | -3.7% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
The current 30-yr mortgage rate (6.5%) is close to the estimated cap rate (6.9%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32208
Population: 31,093
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 32208
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
A. PHILIP RANDOLPH ACADEMIES
JOHN E. FORD K-8 SCHOOL
MT. HERMAN ESE CENTER
RUFUS E. PAYNE ELEMENTARY SCHOOL
SUSIE E. TOLBERT ELEMENTARY SCHOOL
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
Investor Insight: With 7,349 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are tenants stable in Jacksonville, FL?
Jacksonville, FL draws a stable base of working renters. Demand at the $1,339/mo rent level is reasonable for standard single-family and small multi rentals.
Is Jacksonville, FL a good market for buy-and-hold investors?
Investors tracking Jacksonville, FL will find a 3.0/5 rating supported by $152K median home values and $1,339/mo rents. That profile suits long-term holders targeting consistent returns.
What is the average home sale price in Jacksonville, FL?
Typical homes in Jacksonville, FL go for around $152K. The 5-year CAGR of 0.0% reliable price movement.
Can I house hack in Jacksonville, FL?
Jacksonville, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,339/mo rent level.
What is the typical rental rate in Jacksonville, FL?
The typical rental in Jacksonville, FL commands about $1,339/mo monthly. That rent profile even-keeled cash flow against the $152K purchase basis.
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