Real Estate Investing in Georgetown, Florida (32139)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32139 (Georgetown, 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: 33.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Georgetown, FL (32139)?
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Market Analysis: 32139 Georgetown
This part of Putnam County is not an easy win. The 32139 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $226K asset, 32139 is the wrong submarket. If the plan prices in friction, the yield can still work.
From an investor standpoint, 32139 offers a low basis, the region around Georgetown has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 32139 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.
New investors are better served looking at Georgetown's stable or hybrid ZIPs before stepping into 32139. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Georgetown:
Market Trends
Home Value History (with trend line)
📊 How Does 32139 Compare?
| Metric | 32139 | Georgetown | Palatka, FL | Florida |
|---|---|---|---|---|
| Home Value | $225,948 | $225,948 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 7.4% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32139 (Georgetown, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,948 |
| Monthly Rent | $936 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (3.2%). 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 32139
Population: 897
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
Frequently Asked Questions
How much do tenants pay in Georgetown, FL?
Expect rents around $936/mo per month in Georgetown, FL. With home values at $226K, the yield math works out to reasonable levels for rental investors.
How strong is the working-renter base in Georgetown, FL?
The renter base in Georgetown, FL is reasonable for the $936/mo price point. Screening well and pricing to market typically yields steady tenants.
What is the investability score for Georgetown, FL?
Yes - Georgetown, FL a 3.0/5 investability score. With $226K home prices against $936/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do rentals sit vacant long in Georgetown, FL?
Rental vacancy in Georgetown, FL is elevated. Investors should budget normal turnover but not chronic empty units.
How viable is house hacking in Georgetown, FL?
The house hack math a challenging in Georgetown, FL. Owner-occupant buyers benefit from the $936/mo rents and $226K home values.
You know 32139 now. You don’t know where it ranks.
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How 32139 ranks in Palatka, FL
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