Real Estate Investing in Jacksonville, Florida (32218)
Should you buy in 32218 (Jacksonville, 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: 9.7% vacancy may signal weakening demand.
What’s happening in Jacksonville, FL (32218)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32218 Jacksonville
The 32218 ZIP covers a section of Jacksonville that demands careful diligence. Prices near $299K look accessible, but the work to make a deal cash flow is real.
The 32218 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Jacksonville have seen price recovery that 32218 has not matched. Duval County data supports the view that the spread is structural rather than temporary.
Demographically, 32218 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32218
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,944 | $1,670 | 6.9% | +6.0% | $87,472 |
| 3BR | $259,901 | $2,060 | 5.7% | +6.5% | $86,634 |
| 4BR | $337,626 | $2,580 | 5.5% | +6.4% | $84,407 |
| 5BR | $400,552 | — | — | +7.0% | $80,110 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32218 Compare?
| Metric | 32218 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $299,418 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 5.1% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,710 | $1,636 | N/A | - |
| Cap Rate | 4.5% | 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 32218 (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 | $299,418 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.5%). 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 32218
Population: 71,066
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 32218
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
What is the typical rental rate in Jacksonville, FL?
The typical rental in Jacksonville, FL commands about $1,710/mo monthly. That rent profile measured cash flow against the $299K purchase basis.
What is it like being a landlord in Jacksonville, FL?
FL law landlord-friendly for landlords, and Jacksonville inherits those rules. Investors should still review local ordinances for rental licensing.
What are home prices like in Jacksonville, FL?
The median home value in Jacksonville, FL is roughly $299K. That puts it reasonable relative to the FL statewide average.
Is Jacksonville, FL suited for a house hack?
For house hackers, Jacksonville, FL is a challenging. The $1,710/mo rent on a unit helps defray the mortgage on a $299K property.
What is the tenant pool like in Jacksonville, FL?
The tenant pool in Jacksonville, FL is solid, supported by local employment and population fundamentals. Rents of $1,710/mo are well-absorbed by the market.
See what 32218 really looks like for investors
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