Real Estate Investing in Jacksonville, Florida (32244)
Should you buy in 32244 (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.
No major risk flags on the data we track.
What’s happening in Jacksonville, FL (32244)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32244 Jacksonville
The 32244 ZIP in Jacksonville, FL is a local-operator market. Outside capital chasing a $258K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $258K asset, 32244 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader FL picture, 32244 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 32244 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 32244 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32244
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,217 | $1,710 | 7.9% | +6.8% | $78,108 |
| 3BR | $247,360 | $2,110 | 6.1% | +6.7% | $82,453 |
| 4BR | $302,093 | $2,640 | 6.3% | +6.8% | $75,523 |
| 5BR | $373,355 | — | — | +7.4% | $74,671 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32244 Compare?
| Metric | 32244 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $257,707 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 4.9% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,687 | $1,636 | N/A | - |
| Cap Rate | 5.1% | 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 32244 (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 | $257,707 |
| Monthly Rent | $1,687 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +5.0% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (5.1%). 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 32244
Population: 63,352
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 32244
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
Is the tenant base reliable in Jacksonville, FL?
The renter base in Jacksonville, FL is reasonable for the $1,687/mo price point. Screening well and pricing to market typically yields steady tenants.
Is FL a landlord-friendly state?
The landlord environment in Jacksonville, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How do home values compare in Jacksonville, FL?
Homes in Jacksonville, FL typically sell near $258K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What is the rental occupancy rate in Jacksonville, FL?
Occupancy in Jacksonville, FL runs steady with elevated vacancy. Well-priced units at $1,687/mo lease on reasonable timelines.
Does house hacking work in Jacksonville, FL?
House hacking works a challenging in Jacksonville, FL. Rents of $1,687/mo against $258K acquisition make the strategy solid for owner-occupants.
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