Real Estate Investing in Jacksonville, Florida (32221)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32221 (Jacksonville, 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.
No major risk flags on the data we track.
What’s happening in Jacksonville, FL (32221)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32221 Jacksonville
The 32221 ZIP covers a section of Jacksonville that demands careful diligence. Prices near $297K look accessible, but the work to make a deal cash flow is real.
Rent of $1,965/mo on a $297K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 32221 sits below the stated 0.0% once reality is priced in.
Within FL, ZIP 32221 trails on several market indicators that neighboring Duval County submarkets outperform. The gap is real and impressive enough to shape underwriting.
A notable renter share of 23% in 32221 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 32221 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32221
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $212,003 | $1,920 | 6.5% | +6.9% | $106,002 |
| 3BR | $267,611 | $2,370 | 6.4% | +6.2% | $89,204 |
| 4BR | $333,352 | $2,970 | 6.4% | +6.9% | $83,338 |
| 5BR | $396,420 | — | — | +7.6% | $79,284 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32221 Compare?
| Metric | 32221 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $297,161 | $158,715 | N/A | $374,697 |
| 5-Year CAGR | 3.7% | 3.3% | N/A | 7.4% |
| Avg Rent | $1,965 | $1,647 | N/A | - |
| Cap Rate | 5.2% | 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 32221 (Jacksonville, FL). Anonymous, moderated, never written by AI.
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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 | $297,161 |
| Monthly Rent | $1,965 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +3.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). 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 32221
Population: 31,234
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 32221
Schools in This ZIP Code
About Repit School Scores
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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
What kind of vacancy should I budget for in Jacksonville, FL?
Jacksonville, FL carries elevated vacancy risk. Expect consistent absorption at market rents of $1,965/mo.
Is housing expensive in Jacksonville, FL?
In Jacksonville, FL the median home value sits at $297K. Against the broader FL market, that reads as reasonable for most investors.
How does Jacksonville, FL rate as a rental market?
Yes - Jacksonville, FL a 3.0/5 investability score. With $297K home prices against $1,965/mo monthly rent, the market delivers a reasonable entry point for new investors.
What type of investing works in Jacksonville, FL?
Jacksonville, FL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($297K prices, $1,965/mo rents) make it a reasonable choice.
What is the typical rental rate in Jacksonville, FL?
Rents in Jacksonville, FL run near $1,965/mo. Compared with median home prices of $297K that produces solid gross yields for typical rentals.
You know 32221 now. You don’t know where it ranks.
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How 32221 ranks in Jacksonville, FL
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