Real Estate Investing in Jacksonville, Florida (32233)
Should you buy in 32233 (Jacksonville, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.0% of homes vacant — above national norms.
What’s happening in Jacksonville, FL (32233)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32233 Jacksonville
ZIP 32233 in Jacksonville, FL carries a healthy set of headwinds. Home values near $494K and rents of $1,810/mo sit inside a market where underwriting has to be tight.
The investment case in 32233 is resilient only for operators who understand what they are buying. A $494K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader FL picture, 32233 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From an investor standpoint, 24,111 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
looks 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 32233
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $300,478 | $1,740 | 4.2% | +7.8% | $150,239 |
| 3BR | $453,319 | $2,140 | 3.4% | +8.2% | $151,106 |
| 4BR | $890,308 | $2,690 | 2.2% | +11.0% | $222,577 |
| 5BR | $2,050,776 | — | — | +11.0% | $410,155 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32233 Compare?
| Metric | 32233 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $494,437 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 6.5% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,810 | $1,636 | N/A | - |
| Cap Rate | 2.9% | 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 32233 (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 | $494,437 |
| Monthly Rent | $1,810 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.9%). 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 32233
Population: 24,111
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 32233
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
What are home prices like in Jacksonville, FL?
The median home value in Jacksonville, FL is roughly $494K. That puts it reasonable relative to the FL statewide average.
Are tenants stable in Jacksonville, FL?
Working renters make up the core of the Jacksonville, FL tenant base. The pool is reasonable for investors targeting long-term holds.
What is it like being a landlord in Jacksonville, FL?
FL ranks as a landlord-friendly state for landlord-tenant law. Jacksonville generally follows the statewide framework, so landlords face reasonable operating rules.
How quickly do rentals get leased in Jacksonville, FL?
Jacksonville, FL carries elevated vacancy risk. Expect stable absorption at market rents of $1,810/mo.
How do experienced investors play Jacksonville, FL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Jacksonville, FL. The numbers - $494K homes against $1,810/mo rents - support that play.
See what 32233 really looks like for investors
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