Real Estate Investing in Islamorada, Florida (33036)
Should you buy in 33036 (Islamorada, 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: 51.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.7 — hard to cash-flow at these prices.
What’s happening in Islamorada, FL (33036)?
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Market Analysis: 33036 Islamorada
Investors eyeing 33036 need to respect the fundamentals at play. Home values of $1.2M come alongside slower price movement and elevated management overhead.
The 33036 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 33036 sits on the difficult end of the FL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 33036 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 33036 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Islamorada:
Property Strategy for 33036
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $489,197 | $2,150 | 3.2% | +6.4% | $489,197 |
| 2BR | $815,553 | $2,430 | 2.1% | +9.3% | $407,776 |
| 3BR | $1,392,306 | $3,210 | 1.7% | +11.7% | $464,102 |
| 4BR | $2,252,815 | $3,220 | 1.0% | +13.5% | $563,204 |
| 5BR | $3,397,878 | — | — | +13.1% | $679,576 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33036 Compare?
| Metric | 33036 | Islamorada | Florida |
|---|---|---|---|
| Home Value | $1,242,209 | $1,242,209 | $374,697 |
| 5-Year CAGR | 8.6% | 8.6% | 7.4% |
| Avg Rent | $3,737 | $3,737 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 33036 (Islamorada, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,242,209 |
| Monthly Rent | $3,737 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 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 (2.4%). 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 33036
Population: 3,632
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 33036
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.
Frequently Asked Questions
What are rental rates like in Islamorada, FL?
Rent in Islamorada, FL is around $3,737/mo. The resulting rent-to-value relationship with $1.2M pricing is reasonable for most investor models.
Is it easy to find good tenants in Islamorada, FL?
Islamorada, FL draws a reliable base of working renters. Demand at the $3,737/mo rent level is reasonable for standard single-family and small multi rentals.
Is vacancy a concern in Islamorada, FL?
Vacancy in Islamorada, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $3,737/mo.
How much does a house cost in Islamorada, FL?
Islamorada, FL median home values land near $1.2M. That is reasonable territory for investors looking at $3,737/mo-per-month rentals.
How strong is Islamorada, FL for real estate investors?
Islamorada, FL records an investability rating of 3.0/5, with median home values near $1.2M and average rents around $3,737/mo. That combination puts it in the robust tier for investor interest.
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