Real Estate Investing in San Mateo, Florida (32187)
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Should you buy in 32187 (San Mateo, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in San Mateo, FL (32187)?
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Market Analysis: 32187 San Mateo
ZIP 32187 inside Putnam County looks affordable on the surface — median value of $250K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $250K asset, 32187 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 32187 sits on the difficult end of the FL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 32187 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.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in San Mateo:
Market Trends
Home Value History (with trend line)
📊 How Does 32187 Compare?
| Metric | 32187 | San Mateo | Palatka, FL | Florida |
|---|---|---|---|---|
| Home Value | $250,068 | $250,068 | N/A | $374,697 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 7.4% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 32187 (San Mateo, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,068 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 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 (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 32187
Population: 1,117
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 32187
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
What strategy should investors use in San Mateo, FL?
A careful cash-flow rentals with hands-on management strategy San Mateo, FL best. The market produces steady results for that approach at the $250K price point.
Are tenants stable in San Mateo, FL?
San Mateo, FL draws a predictable base of working renters. Demand at the $1,026/mo rent level is reasonable for standard single-family and small multi rentals.
What monthly rent should investors expect in San Mateo, FL?
Rental rates in San Mateo, FL average $1,026/mo. Tenant demand and $250K home values make the yield look reasonable by investor standards.
Are landlord laws favorable in San Mateo, FL?
San Mateo, FL operates under FL law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Is San Mateo in FL worth investing in?
Investors tracking San Mateo, FL will find a 2.0/5 rating supported by $250K median home values and $1,026/mo rents. That profile suits long-term holders targeting steady returns.
You know 32187 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32187 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 32187 ranks in Palatka, FL
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