Real Estate Investing in Palm Coast, Florida (32164)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32164 (Palm Coast, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
What’s happening in Palm Coast, FL (32164)?
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Market Analysis: 32164 Palm Coast
This part of Flagler County is not an easy win. The 32164 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Turning to rents, the numbers look inviting — $325K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32164 is substantial and deserves full respect.
Within FL, ZIP 32164 trails on several market indicators that neighboring Flagler County submarkets outperform. The gap is real and solid enough to shape underwriting.
The demographic picture in 32164 includes headwinds that any investor should price in. Income distribution skews lower than Palm Coast averages, and tenant stability requires active management.
The right play in 32164 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Palm Coast:
Property Strategy for 32164
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $256,006 | $1,840 | 5.2% | +7.2% | $128,003 |
| 3BR | $307,276 | $2,510 | 5.9% | +6.3% | $102,425 |
| 4BR | $347,312 | $2,850 | 5.9% | +6.1% | $86,828 |
| 5BR | $417,440 | — | — | +6.9% | $83,488 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32164 Compare?
| Metric | 32164 | Palm Coast | Deltona-Daytona Beach-Ormond Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $324,599 | $177,747 | N/A | $374,697 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 7.4% |
| Avg Rent | $1,893 | $1,941 | N/A | - |
| Cap Rate | 4.6% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32164 (Palm Coast, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $324,599 |
| Monthly Rent | $1,893 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 32164
Population: 53,963
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 32164
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
Frequently Asked Questions
How much rent can I charge in Palm Coast, FL?
Palm Coast, FL rentals go for roughly $1,893/mo a month. That puts gross yield in solid territory relative to $325K acquisition costs.
Are renters plentiful in Palm Coast, FL?
Palm Coast, FL draws a predictable base of working renters. Demand at the $1,893/mo rent level is reasonable for standard single-family and small multi rentals.
Does house hacking work in Palm Coast, FL?
House hacking works a challenging in Palm Coast, FL. Rents of $1,893/mo against $325K acquisition make the strategy solid for owner-occupants.
How do landlord-tenant laws work in Palm Coast, FL?
FL law landlord-friendly for landlords, and Palm Coast inherits those rules. Investors should still review local ordinances for rental licensing.
Where do home prices stand in Palm Coast, FL?
Palm Coast, FL median home values land near $325K. That is reasonable territory for investors looking at $1,893/mo-per-month rentals.
You know 32164 now. You don’t know where it ranks.
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How 32164 ranks in Deltona-Daytona Beach-Ormond Beach, FL
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