Real Estate Investing in Madison, Florida (32340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32340 (Madison, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.4% of homes vacant — above national norms.
- Lower household income: $36,795 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 Madison, FL (32340)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32340 Madison
ZIP 32340 in Madison, FL carries a robust set of headwinds. Home values near $188K and rents of $981/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 32340 can be a worth a close look for hunting ground — but the discount at $188K reflects genuine risk that outside investors often underestimate.
ZIP 32340's metrics run below Madison County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 32340 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 32340 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 Madison:
Property Strategy for 32340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,692 | $1,090 | 5.1% | +10.5% | $76,846 |
| 3BR | $225,667 | $1,400 | 4.5% | +9.8% | $75,222 |
| 4BR | $317,114 | $1,550 | 3.5% | +10.6% | $79,278 |
Market Trends
Home Value History (with trend line)
📊 How Does 32340 Compare?
| Metric | 32340 | Madison | Florida |
|---|---|---|---|
| Home Value | $187,515 | $187,515 | $374,697 |
| 5-Year CAGR | 4.9% | 4.9% | 7.4% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 32340 (Madison, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,515 |
| Monthly Rent | $981 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 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 (4.1%). 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 32340
Population: 10,424
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 32340
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
Where do rents currently stand in Madison, FL?
The typical rental in Madison, FL commands about $981/mo monthly. That rent profile predictable cash flow against the $188K purchase basis.
Is vacancy a concern in Madison, FL?
Rental vacancy in Madison, FL is elevated. Investors should budget normal turnover but not chronic empty units.
How does Madison, FL stack up for property investment?
Yes - Madison, FL a 3.0/5 investability score. With $188K home prices against $981/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Madison, FL a friendly market for rental owners?
Madison, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How expensive is real estate in Madison, FL?
Median home price in Madison, FL is near $188K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
You know 32340 now. You don’t know where it ranks.
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