Real Estate Investing in Wedgefield, Florida (32833)
Should you buy in 32833 (Wedgefield, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Wedgefield, FL (32833)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32833 Wedgefield
Investors eyeing 32833 need to respect the fundamentals at play. Home values of $512K come alongside slower price movement and elevated management overhead.
In practical terms, the numbers look inviting — $512K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32833 is substantial and deserves full respect.
Regionally, 32833 sits on the difficult end of the FL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 32833 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 32833 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 Wedgefield:
Property Strategy for 32833
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $290,485 | $1,700 | 4.2% | +6.6% | $145,243 |
| 3BR | $400,107 | $2,130 | 3.8% | +7.0% | $133,369 |
| 4BR | $568,799 | $2,520 | 3.2% | +9.0% | $142,200 |
| 5BR | $786,261 | — | — | +10.2% | $157,252 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32833 Compare?
| Metric | 32833 | Wedgefield | Orlando-Kissimmee-Sanford, FL | Florida |
|---|---|---|---|---|
| Home Value | $511,724 | $511,724 | N/A | $374,697 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.4% |
| Avg Rent | $2,300 | $2,300 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 32833 (Wedgefield, FL). Anonymous, moderated, never written by AI.
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Property managers serving Orange County
Manage rentals here? List your business →All County CFL provides full-service residential property management in Winter Park, FL and surrounding areas, focusing on maximizing revenue and managing tenant relationships for property owners. summary from their website
RentCare Property Management provides reliable, professional, and trusted residential property management services in Orlando since 1993, including marketing, resident screening, rent collection, and summary from their website
Southwest Property Management is a full-service Community Association Management Company serving Central Florida. 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 | $511,724 |
| Monthly Rent | $2,300 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.5%). 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 32833
Population: 10,915
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 32833
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 7,130 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Wedgefield, FL for investors?
Investors tracking Wedgefield, FL will find a 3.0/5 rating supported by $512K median home values and $2,300/mo rents. That profile suits long-term holders targeting reliable returns.
How strong are rents in Wedgefield, FL?
Investors in Wedgefield, FL typically see rents near $2,300/mo per month against $512K home values - a solid setup for rental cash flow.
Does a duplex house hack pencil in Wedgefield, FL?
For house hackers, Wedgefield, FL is a challenging. The $2,300/mo rent on a unit helps defray the mortgage on a $512K property.
What approach is best for Wedgefield, FL real estate?
The best-fit strategy in Wedgefield, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What are home prices like in Wedgefield, FL?
The median home value in Wedgefield, FL is roughly $512K. That puts it reasonable relative to the FL statewide average.
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