Real Estate Investing in Jacksonville, Florida (32223)
Should you buy in 32223 (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.
No major risk flags on the data we track.
What’s happening in Jacksonville, FL (32223)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32223 Jacksonville
ZIP 32223 in Jacksonville, FL carries a durable set of headwinds. Home values near $435K and rents of $1,501/mo sit inside a market where underwriting has to be tight.
The 32223 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader FL picture, 32223 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 32223 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 32223 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32223
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $226,836 | $1,800 | 5.7% | +7.0% | $113,418 |
| 3BR | $363,374 | $2,220 | 4.4% | +7.8% | $121,125 |
| 4BR | $529,078 | $2,780 | 3.8% | +8.3% | $132,269 |
| 5BR | $748,737 | — | — | +8.6% | $149,747 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32223 Compare?
| Metric | 32223 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $434,890 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 6.3% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,501 | $1,636 | N/A | - |
| Cap Rate | 2.7% | 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 32223 (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 | $434,890 |
| Monthly Rent | $1,501 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -8.2% ▼ |
| 3-Year CAGR | -3.0% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.7%). 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 32223
Population: 26,079
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 32223
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
What monthly rent should investors expect in Jacksonville, FL?
Average rent in Jacksonville, FL is approximately $1,501/mo per month. Against $435K home values that yields a reasonable rent-to-price ratio.
How qualified is the tenant pool in Jacksonville, FL?
Expect a solid tenant pool in Jacksonville, FL. The rental market absorbs $1,501/mo rents without meaningful friction.
Should investors consider Jacksonville, FL?
With a 3.0/5 investability score, Jacksonville, FL ranks as a solid market for rental property investors. Median prices of $435K and rents of $1,501/mo drive the underlying numbers.
Is Jacksonville, FL suited for a house hack?
For house hackers, Jacksonville, FL is a challenging. The $1,501/mo rent on a unit helps defray the mortgage on a $435K property.
How should investors approach Jacksonville, FL?
Most investors in Jacksonville, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
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