Real Estate Investing in Quincy, Florida (32351)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32351 (Quincy, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.6% of homes vacant — above national norms.
- Elevated poverty: 29.2% poverty rate — can affect rent collection.
- Lower household income: $38,955 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Quincy, FL (32351)?
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Market Analysis: 32351 Quincy
The 32351 ZIP in Quincy, FL is a local-operator market. Outside capital chasing a $175K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $175K asset, 32351 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 32351's metrics run below Gadsden County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 32351 ZIP's population of 16,808 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 32351 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 Quincy:
Property Strategy for 32351
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $135,595 | $1,070 | 5.7% | +9.4% | $135,595 |
| 2BR | $112,191 | $1,190 | 7.6% | +8.8% | $56,096 |
| 3BR | $172,924 | $1,500 | 6.2% | +8.8% | $57,641 |
| 4BR | $271,154 | $1,650 | 4.4% | +8.5% | $67,788 |
Market Trends
Home Value History (with trend line)
📊 How Does 32351 Compare?
| Metric | 32351 | Quincy | Tallahassee, FL | Florida |
|---|---|---|---|---|
| Home Value | $175,149 | $160,789 | N/A | $374,697 |
| 5-Year CAGR | 7.1% | 5.4% | N/A | 7.4% |
| Avg Rent | $1,071 | $1,089 | N/A | - |
| Cap Rate | 4.8% | 5.9% | - | - |
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 32351 (Quincy, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,149 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (4.8%). 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 32351
Population: 16,808
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 32351
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
Frequently Asked Questions
Is real estate in Quincy, FL a good investment right now?
Quincy, FL scores 3.0/5 for investability. Home values sit at $175K and rents near $1,071/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much do tenants pay in Quincy, FL?
Rent in Quincy, FL is around $1,071/mo. The resulting rent-to-value relationship with $175K pricing is reasonable for most investor models.
What is the average home sale price in Quincy, FL?
Expect median prices around $175K in Quincy, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How strong is the working-renter base in Quincy, FL?
The renter base in Quincy, FL is reasonable for the $1,071/mo price point. Screening well and pricing to market typically yields measured tenants.
What are vacancy rates like in Quincy, FL?
Vacancy in Quincy, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,071/mo.
You know 32351 now. You don’t know where it ranks.
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How 32351 ranks in Tallahassee, FL
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