Real Estate Investing in Melrose, Florida

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 5,542 • Clay County

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Should you buy in Melrose, FL? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (48/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 27.3% of homes vacant — above national norms.

What’s happening in Melrose, FL?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $317,726
Avg Monthly Rent $990
ZIP Codes 1

Investing in Melrose Real Estate

Melrose in Florida is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Melrose is in that category.

The $990/mo / $318K relationship in Melrose looks muted once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

The 0% renter share in Melrose masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Jacksonville, FL

Melrose is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Melrose, FL. Anonymous, moderated, never written by AI.

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Property managers serving Clay County

Manage rentals here? List your business →

Freedom Community Management provides community management services. summary from their website

HOA
Unclaimed — is this your business? Claim it free

Green River Property Management offers property management services for houses and homes for rent in Jacksonville, Florida. summary from their website

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North Florida Property Mgmt
Green Cove Springs, FL

North Florida Property Management provides property management services. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$317,726
Avg Monthly Rent
$990
1% Rule
✗ Below
Landlord Friendly (FL)

📉 Market Crash Risk Index

Based on Jacksonville, FL metro

4/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
67%
Days Pending
2/2
81 days

View all metro crash risk rankings →

❄️ Cool Market — Jacksonville, FL metro
81
Days to pending
9.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Melrose, FL

Screen every ZIP in Melrose

Filter Melrose’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Melrose, FL

What type of investing works in Melrose, FL?

Most investors in Melrose, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

Do rentals sit vacant long in Melrose, FL?

Melrose, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

How expensive is real estate in Melrose, FL?

Homes in Melrose, FL typically sell near $318K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.

How landlord-friendly is Melrose, FL?

FL law landlord-friendly for landlords, and Melrose inherits those rules. Investors should still review local ordinances for rental licensing.

What do rentals go for in Melrose, FL?

Melrose, FL rentals go for roughly $990/mo a month. That puts gross yield in solid territory relative to $318K acquisition costs.

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