Real Estate Investing in Jacksonville, Florida (32216)
Should you buy in 32216 (Jacksonville, 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.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
What’s happening in Jacksonville, FL (32216)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32216 Jacksonville
Not every below-median market is a bargain. Jacksonville's 32216 ZIP records signals that favor experienced operators who can absorb the risk $263K pricing implies.
Meanwhile, the numbers look inviting — $263K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32216 is substantial and deserves full respect.
Stepping back, 32216 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 32216 includes headwinds that any investor should price in. Income distribution skews lower than Jacksonville averages, and tenant stability requires active management.
Strategy in 32216 is an operator game, not a passive one. On the rental side, entry prices of $263K 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 32216
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $137,799 | $1,270 | 6.6% | +5.6% | $137,799 |
| 2BR | $188,953 | $1,530 | 5.8% | +5.8% | $94,477 |
| 3BR | $265,635 | $1,890 | 5.1% | +6.8% | $88,545 |
| 4BR | $361,198 | $2,360 | 4.7% | +7.3% | $90,299 |
| 5BR | $443,992 | — | — | +7.8% | $88,798 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32216 Compare?
| Metric | 32216 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $262,899 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 5.1% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,648 | $1,636 | N/A | - |
| Cap Rate | 4.9% | 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 32216 (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 | $262,899 |
| Monthly Rent | $1,648 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +4.2% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.9%). 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 32216
Population: 41,323
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 32216
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 1,612 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Jacksonville in FL worth investing in?
Jacksonville, FL scores 3.0/5 for investability. Home values sit at $263K and rents near $1,648/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are eviction rules reasonable in Jacksonville, FL?
Rental owners in Jacksonville, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is vacancy a concern in Jacksonville, FL?
Jacksonville, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How should investors approach Jacksonville, FL?
Investors usually favor careful cash-flow rentals with hands-on management in Jacksonville, FL. With home values at $263K and rents near $1,648/mo, other strategies can work but produce reliable rather than outsized returns.
What is the average monthly rent in Jacksonville, FL?
Investors in Jacksonville, FL typically see rents near $1,648/mo per month against $263K home values - a solid setup for rental cash flow.
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