Real Estate Investing in Satsuma, Florida (32189)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32189 (Satsuma, 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: 27.8% 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 Satsuma, FL (32189)?
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Market Analysis: 32189 Satsuma
Not every below-median market is a bargain. Satsuma's 32189 ZIP reflects signals that favor experienced operators who can absorb the risk $205K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 32189 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within FL, ZIP 32189 trails on several market indicators that neighboring Putnam County submarkets outperform. The gap is real and robust enough to shape underwriting.
The 32189 ZIP's population of 5,527 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Experienced landlords with local relationships tend to find 32189 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 Satsuma:
Property Strategy for 32189
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,653 | $1,000 | 4.1% | +11.0% | $88,827 |
| 3BR | $229,455 | $1,260 | 4.0% | +9.5% | $76,485 |
Market Trends
Home Value History (with trend line)
📊 How Does 32189 Compare?
| Metric | 32189 | Satsuma | Palatka, FL | Florida |
|---|---|---|---|---|
| Home Value | $204,976 | $204,976 | N/A | $374,697 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 32189 (Satsuma, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,976 |
| Monthly Rent | $900 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (3.4%). 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 32189
Population: 5,527
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
🎓 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 housing expensive in Satsuma, FL?
Expect median prices around $205K in Satsuma, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How landlord-friendly is Satsuma, FL?
FL ranks as a landlord-friendly state for landlord-tenant law. Satsuma generally follows the statewide framework, so landlords face reasonable operating rules.
What type of investing works in Satsuma, FL?
Most investors in Satsuma, 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.
How does Satsuma, FL stack up for property investment?
With a 3.0/5 investability score, Satsuma, FL ranks as a solid market for rental property investors. Median prices of $205K and rents of $900/mo drive the underlying numbers.
Are tenants stable in Satsuma, FL?
The tenant pool in Satsuma, FL is solid, supported by local employment and population fundamentals. Rents of $900/mo are well-absorbed by the market.
You know 32189 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32189 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 32189 ranks in Palatka, FL
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