Real Estate Investing in Lake Butler, Florida (32054)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32054 (Lake Butler, FL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lake Butler, FL (32054)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32054 Lake Butler
Not every below-median market is a bargain. Lake Butler's 32054 ZIP records signals that favor experienced operators who can absorb the risk $277K pricing implies.
Put differently, the numbers look inviting — $277K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32054 is substantial and deserves full respect.
Nearby ZIPs in Lake Butler have seen price recovery that 32054 has not matched. Union County data supports the view that the spread is structural rather than temporary.
Demographically, 32054 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 32054 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 Lake Butler:
Market Trends
Home Value History (with trend line)
📊 How Does 32054 Compare?
| Metric | 32054 | Lake Butler | Florida |
|---|---|---|---|
| Home Value | $277,302 | $277,302 | $374,697 |
| 5-Year CAGR | 7.6% | 7.6% | 7.4% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 32054 (Lake Butler, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,302 |
| Monthly Rent | $954 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 32054
Population: 12,467
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 32054
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 1,078 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Lake Butler, FL?
Homes in Lake Butler, FL typically sell near $277K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Are tenants stable in Lake Butler, FL?
Tenant demand in Lake Butler, FL is solid. The local workforce $954/mo rents across most rental classes.
What is it like being a landlord in Lake Butler, FL?
Rental owners in Lake Butler, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Does a duplex house hack pencil in Lake Butler, FL?
Lake Butler, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $954/mo rent level.
How strong are rents in Lake Butler, FL?
Lake Butler, FL rentals go for roughly $954/mo a month. That puts gross yield in solid territory relative to $277K acquisition costs.
You know 32054 now. You don’t know where it ranks.
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