Real Estate Investing in Perry, Florida (32347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32347 (Perry, 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: 22.8% 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 Perry, FL (32347)?
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Market Analysis: 32347 Perry
The 32347 ZIP covers a section of Perry that demands careful diligence. Prices near $213K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $213K asset, 32347 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within FL, ZIP 32347 trails on several market indicators that neighboring Taylor County submarkets outperform. The gap is real and impressive enough to shape underwriting.
From a cash-flow lens, 7,174 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 32347, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Perry:
Market Trends
Home Value History (with trend line)
📊 How Does 32347 Compare?
| Metric | 32347 | Perry | Florida |
|---|---|---|---|
| Home Value | $212,892 | $197,416 | $374,697 |
| 5-Year CAGR | 5.5% | 5.1% | 7.4% |
| Avg Rent | $873 | $927 | - |
| Cap Rate | 3.2% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32347 (Perry, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,892 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.2%). 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 32347
Population: 7,174
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 32347
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 Perry, FL a good investment right now?
Perry, FL scores 3.0/5 for investability. Home values sit at $213K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strong are rents in Perry, FL?
Investors in Perry, FL typically see rents near $873/mo per month against $213K home values - a solid setup for rental cash flow.
How strong is tenant demand in Perry, FL?
Working renters make up the core of the Perry, FL tenant base. The pool is reasonable for investors targeting long-term holds.
Is Perry, FL good for house hacking?
House hacking in Perry, FL is a challenging. With home values around $213K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
What is the smart move for investors in Perry, FL?
Most investors in Perry, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 32347 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32347 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.
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