Real Estate Investing in Apalachicola, Florida (32320)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32320 (Apalachicola, 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: 20.7% 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 Apalachicola, FL (32320)?
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Market Analysis: 32320 Apalachicola
The 32320 ZIP in Apalachicola, FL is a local-operator market. Outside capital chasing a $295K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 32320 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 32320 sits on the difficult end of the FL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 32320 ZIP's population of 3,503 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The 32320 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Apalachicola:
Property Strategy for 32320
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $294,123 | $1,400 | 3.4% | +6.6% | $147,061 |
| 3BR | $308,680 | $1,850 | 4.3% | +4.9% | $102,893 |
Market Trends
Home Value History (with trend line)
📊 How Does 32320 Compare?
| Metric | 32320 | Apalachicola | Florida |
|---|---|---|---|
| Home Value | $295,129 | $295,129 | $374,697 |
| 5-Year CAGR | 2.5% | 2.5% | 7.4% |
| Avg Rent | $1,260 | $1,260 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 32320 (Apalachicola, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $295,129 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.3%). 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 32320
Population: 3,503
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 32320
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.
Frequently Asked Questions
How much is rent in Apalachicola, FL?
Rents in Apalachicola, FL run near $1,260/mo. Compared with median home prices of $295K that produces solid gross yields for typical rentals.
How strict are landlord regulations in Apalachicola, FL?
Rental owners in Apalachicola, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the median home value in Apalachicola, FL?
Expect median prices around $295K in Apalachicola, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Does house hacking make sense in Apalachicola, FL?
House hacking in Apalachicola, FL is reasonable to execute. Prices around $295K and rents of $1,260/mo solid owner-occupant economics.
How strong is the working-renter base in Apalachicola, FL?
The renter base in Apalachicola, FL is reasonable for the $1,260/mo price point. Screening well and pricing to market typically yields predictable tenants.
You know 32320 now. You don’t know where it ranks.
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