Real Estate Investing in Jacksonville, Florida (32254)
Should you buy in 32254 (Jacksonville, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.1% of homes vacant — above national norms.
- 1-year downturn: Values declined 5.3% in the last year.
- Elevated poverty: 24.5% poverty rate — can affect rent collection.
- Lower household income: $35,295 median — tenant affordability is tighter.
What’s happening in Jacksonville, FL (32254)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32254 Jacksonville
Homes in the 32254 ZIP trade near $128K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,328/mo support the pro forma.
Flippers and value-add operators have treated 32254 as a working ZIP for a reason. Entry prices around $128K and a deep rental base of 49% renters underpin the exit strategy on both the sale and rent sides.
Regionally, 32254 sits on the affordable end of the Duval County map. Meanwhile, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
Residents in 32254 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32254
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $91,658 | $1,300 | 10.2% | +7.7% | $45,829 |
| 3BR | $130,272 | $1,600 | 8.8% | +6.6% | $43,424 |
| 4BR | $197,896 | $2,010 | 7.3% | +5.4% | $49,474 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32254 Compare?
| Metric | 32254 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $127,941 | $159,097 | N/A | $374,697 |
| 5-Year CAGR | 2.8% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,328 | $1,636 | N/A | - |
| Cap Rate | 8.1% | 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 32254 (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 | $127,941 |
| Monthly Rent | $1,328 |
| Price-to-Rent | 8.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.5% |
| Cap Rate | 8.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | -5.3% ▼ |
| 3-Year CAGR | -4.0% ▼ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +13.8% ▲ |
🏠 Rent Trends
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +7.6% ▲ |
The estimated cap rate (8.1%) exceeds the current 30-yr mortgage rate (6.5%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32254
Population: 14,653
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 32254
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
Is Jacksonville, FL a smart market for rental property?
Jacksonville, FL comes in at an investability rating of 5.0/5, with median home values near $128K and average rents around $1,328/mo. That combination puts it in the sturdy tier for investor interest.
How do home values compare in Jacksonville, FL?
Median home price in Jacksonville, FL is near $128K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the best play in Jacksonville, FL?
Investors who focus on value-add and BRRRR deals typically do well in Jacksonville, FL. The numbers - $128K homes against $1,328/mo rents - support that play.
Can you find 1% rule deals in Jacksonville, FL?
Jacksonville, FL delivers a 1.04% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
How much rent can I charge in Jacksonville, FL?
Rental rates in Jacksonville, FL average $1,328/mo. Tenant demand and $128K home values make the yield look reasonable by investor standards.
See what 32254 really looks like for investors
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