Real Estate Investing in Jacksonville, Florida (32224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32224 (Jacksonville, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Jacksonville, FL (32224)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32224 Jacksonville
ZIP 32224 inside Duval County looks affordable on the surface — median value of $459K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 32224 can be a a strong candidate for hunting ground — but the discount at $459K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Jacksonville have seen price recovery that 32224 has not matched. Duval County data supports the view that the spread is structural rather than temporary.
Employment concentration in 32224 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 32224 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 32224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $155,787 | $1,610 | 7.4% | +5.2% | $155,787 |
| 2BR | $210,291 | $1,930 | 6.6% | +5.3% | $105,146 |
| 3BR | $416,191 | $2,380 | 4.1% | +7.6% | $138,730 |
| 4BR | $630,989 | $2,980 | 3.4% | +8.5% | $157,747 |
| 5BR | $1,001,991 | — | — | +10.2% | $200,398 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32224 Compare?
| Metric | 32224 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $459,085 | $158,715 | N/A | $374,697 |
| 5-Year CAGR | 4.9% | 3.3% | N/A | 7.4% |
| Avg Rent | $1,649 | $1,647 | N/A | - |
| Cap Rate | 2.8% | 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 32224 (Jacksonville, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 32224 (Jacksonville, FL)?
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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 | $459,085 |
| Monthly Rent | $1,649 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +1.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 32224
Population: 42,252
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 32224
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 1,612 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Jacksonville, FL?
The 3.0/5 investability rating in Jacksonville, FL reflects its $459K prices and $1,649/mo rents. Investors generally consider it a solid option within FL.
Do landlords face vacancy issues in Jacksonville, FL?
Expect elevated vacancy in Jacksonville, FL. Rents at $1,649/mo are absorbed by the tenant base without meaningful lag.
How much should I expect to pay for a home in Jacksonville, FL?
Typical homes in Jacksonville, FL go for around $459K. The 5-year CAGR of 0.0% predictable price movement.
Is Jacksonville, FL landlord-friendly?
FL law landlord-friendly for landlords, and Jacksonville inherits those rules. Investors should still review local ordinances for rental licensing.
Is Jacksonville, FL better for rentals, flips, or BRRRR?
Jacksonville, FL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($459K prices, $1,649/mo rents) make it a reasonable choice.
You know 32224 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32224 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 32224 ranks in Jacksonville, FL
Every ZIP in this metro, ranked. Free.
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