Real Estate Investing in Jacksonville, Florida (32246)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32246 (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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
What’s happening in Jacksonville, FL (32246)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32246 Jacksonville
ZIP 32246 inside Duval County looks affordable on the surface — median value of $315K — but the discount exists for reasons that a careful buyer should understand before committing.
The 32246 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 32246 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 32246 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 32246 is an operator game, not a passive one. Meanwhile, entry prices of $315K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Jacksonville:
Property Strategy for 32246
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $157,494 | $1,710 | 7.8% | +4.4% | $157,494 |
| 2BR | $193,400 | $2,050 | 7.6% | +6.0% | $96,700 |
| 3BR | $304,660 | $2,530 | 6.0% | +6.6% | $101,553 |
| 4BR | $442,810 | $3,170 | 5.2% | +7.7% | $110,702 |
| 5BR | $616,673 | — | — | +8.7% | $123,335 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32246 Compare?
| Metric | 32246 | Jacksonville | Jacksonville, FL | Florida |
|---|---|---|---|---|
| Home Value | $314,718 | $158,715 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 3.3% | N/A | 7.4% |
| Avg Rent | $1,753 | $1,647 | N/A | - |
| Cap Rate | 4.4% | 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 32246 (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 | $314,718 |
| Monthly Rent | $1,753 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +0.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 32246
Population: 60,443
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 32246
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
Is Jacksonville in FL worth investing in?
Jacksonville, FL scores 3.0/5 for investability. Home values sit at $315K and rents near $1,753/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are homes affordable in Jacksonville, FL?
Typical homes in Jacksonville, FL go for around $315K. The 5-year CAGR of 0.0% stable price movement.
Are rents high in Jacksonville, FL?
Rental rates in Jacksonville, FL average $1,753/mo. Tenant demand and $315K home values make the yield look reasonable by investor standards.
What is the best play in Jacksonville, FL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Jacksonville, FL. The numbers - $315K homes against $1,753/mo rents - support that play.
What kind of vacancy should I budget for in Jacksonville, FL?
Rental vacancy in Jacksonville, FL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 32246 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32246 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 32246 ranks in Jacksonville, FL
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