Real Estate Investing in Jacksonville, Florida (32209)
Should you buy in 32209 (Jacksonville, FL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.7% of homes vacant — above national norms.
- Elevated poverty: 30.5% poverty rate — can affect rent collection.
- Lower household income: $28,534 median — tenant affordability is tighter.
What’s happening in Jacksonville, FL (32209)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32209 Jacksonville
Investors scanning Jacksonville, FL for forced-equity plays often land on the 32209 ZIP. A a viable market for entry near $110K pairs with rents of $1,183/mo to widen the renovation window.
Value-add is the defining thesis in 32209. Homes trade near $110K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
Regionally, 32209 sits on the affordable end of the Duval County map. From a cash-flow lens, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
Residents in 32209 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32209
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $71,741 | $1,200 | 12.0% | +9.8% | $35,870 |
| 3BR | $107,932 | $1,480 | 9.9% | +6.9% | $35,977 |
| 4BR | $146,493 | $1,850 | 9.1% | +7.3% | $36,623 |
| 5BR | $170,772 | — | — | +7.3% | $34,154 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32209 Compare?
| Metric | 32209 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $110,353 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 5.0% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,183 | $1,636 | N/A | - |
| Cap Rate | 8.4% | 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 32209 (Jacksonville, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 32209 (Jacksonville, FL)?
~25 seconds · no account needed · your report is anonymous
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 | $110,353 |
| Monthly Rent | $1,183 |
| Price-to-Rent | 7.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.9% |
| Cap Rate | 8.4% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +13.6% ▲ |
🏠 Rent Trends
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
The estimated cap rate (8.4%) exceeds the current 30-yr mortgage rate (6.5%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32209
Population: 35,490
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 32209
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
Investor Insight: With 7,349 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can I live-in-and-rent in Jacksonville, FL?
The house hack math an attractive in Jacksonville, FL. Owner-occupant buyers benefit from the $1,183/mo rents and $110K home values.
Is Jacksonville, FL a good market for buy-and-hold investors?
Our data puts Jacksonville, FL at 5.0/5 for investability. Home prices of $110K and rents around $1,183/mo create a solid backdrop for investor activity.
How expensive is real estate in Jacksonville, FL?
The median home value in Jacksonville, FL is roughly $110K. That puts it reasonable relative to the FL statewide average.
How do BRRRR numbers look in Jacksonville, FL?
BRRRR in Jacksonville, FL is a strong. The interplay of $110K values and $1,183/mo rents creates reasonable refinance conditions.
Can you find 1% rule deals in Jacksonville, FL?
Yes, many Jacksonville, FL properties clear the 1% rule. The rent-to-price ratio averages 1.07%, supported by $1,183/mo rents.
See what 32209 really looks like for investors
You're reading the free snapshot. Unlock appreciation trends, cap rates, vacancy signals, Section 8 data, and full demographics for 32209.
AI Market Advisor
Ask questions about investing in 32209 (Jacksonville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 32209 (Jacksonville, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.