Real Estate Investing in Florahome, Florida (32140)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32140 (Florahome, FL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Florahome, FL (32140)?
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Market Analysis: 32140 Florahome
ZIP 32140 in Florahome, FL carries a substantial set of headwinds. Home values near $218K and rents of $1,242/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $218K asset, 32140 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 32140 sits on the difficult end of the FL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 32140 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 32140 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Florahome:
Market Trends
Home Value History (with trend line)
📊 How Does 32140 Compare?
| Metric | 32140 | Florahome | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $218,380 | $218,380 | N/A | $374,697 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 7.4% |
| Avg Rent | $1,242 | $1,242 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32140 (Florahome, 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
Green River Property Management offers property management services for houses and homes for rent in Jacksonville, Florida. summary from their website
North Florida Property Management provides property management services. 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 | $218,380 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 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 (4.4%). 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 32140
Population: 1,558
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 32140
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 2,254 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Florahome, FL a smart market for rental property?
The 3.0/5 investability rating in Florahome, FL reflects its $218K prices and $1,242/mo rents. Investors generally consider it a solid option within FL.
What is the smart move for investors in Florahome, FL?
Most investors in Florahome, 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.
Is it easy to find good tenants in Florahome, FL?
The renter base in Florahome, FL is reasonable for the $1,242/mo price point. Screening well and pricing to market typically yields consistent tenants.
Can owner-occupants cash flow in Florahome, FL?
Florahome, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,242/mo rent level.
What do landlords charge for rent in Florahome, FL?
Rent in Florahome, FL is around $1,242/mo. The resulting rent-to-value relationship with $218K pricing is reasonable for most investor models.
You know 32140 now. You don’t know where it ranks.
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How 32140 ranks in Jacksonville, FL
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