Real Estate Investing in Jacksonville, Florida (32204)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32204 (Jacksonville, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
What’s happening in Jacksonville, FL (32204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32204 Jacksonville
ZIP 32204 inside Duval County looks affordable on the surface — median value of $321K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 32204 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader FL picture, 32204 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 32204 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Jacksonville's stable or hybrid ZIPs before stepping into 32204. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $238,313 | $1,170 | 3.5% | +4.2% | $238,313 |
| 2BR | $296,438 | $1,410 | 3.4% | +3.7% | $148,219 |
| 3BR | $305,424 | $1,740 | 4.1% | +5.0% | $101,808 |
| 4BR | $507,513 | $2,180 | 3.1% | +6.8% | $126,878 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32204 Compare?
| Metric | 32204 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $321,217 | $158,715 | N/A | $374,697 |
| 5-Year CAGR | 1.0% | 3.3% | N/A | 7.4% |
| Avg Rent | $1,747 | $1,647 | N/A | - |
| Cap Rate | 4.2% | 4.9% | - | - |
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 32204 (Jacksonville, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 32204 (Jacksonville, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Duval County
Manage rentals here? List your business →Community Management Concepts of Jacksonville, an Associa Member Company, offers HOA property management, professional maintenance, real estate, developer, financial, technology, and lifestyle service summary from their website
First Coast Association Management provides HOA management services in Jacksonville, FL. summary from their website
Real Property Management Jacksonville Metro offers property management services for single homes, multiple homes, apartment complexes, and institutional portfolios, with a focus on cost-effective fees 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 | $321,217 |
| Monthly Rent | $1,747 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | -3.4% ▼ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | +20.4% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +6.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 32204
Population: 8,421
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 32204
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
WEST RIVERSIDE ELEMENTARY SCHOOL
RUTH N. UPSON ELEMENTARY SCHOOL
HYDE PARK ELEMENTARY SCHOOL
FISHWEIR ELEMENTARY SCHOOL
LAVILLA SCHOOL OF THE ARTS
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 7,349 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Jacksonville, FL?
Average rent in Jacksonville, FL is approximately $1,747/mo per month. Against $321K home values that yields a reasonable rent-to-price ratio.
Which real estate strategy fits Jacksonville, FL?
A careful cash-flow rentals with hands-on management strategy Jacksonville, FL best. The market produces steady results for that approach at the $321K price point.
What is the typical home price in Jacksonville, FL?
Typical homes in Jacksonville, FL go for around $321K. The 5-year CAGR of 0.0% even-keeled price movement.
What is it like being a landlord in Jacksonville, FL?
Jacksonville, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the renter demographic in Jacksonville, FL?
Working renters make up the core of the Jacksonville, FL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 32204 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32204 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 32204 ranks in Jacksonville, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 32204 (Jacksonville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 32204 (Jacksonville, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.