Real Estate Investing in Monticello, Florida (32344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32344 (Monticello, 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: 17.9% 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 Monticello, FL (32344)?
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Market Analysis: 32344 Monticello
ZIP 32344 inside Jefferson County looks affordable on the surface — median value of $316K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $316K asset, 32344 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 32344 sits on the difficult end of the FL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 32344 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Monticello:
Property Strategy for 32344
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $185,791 | $1,070 | 4.1% | — | $185,791 |
| 2BR | $157,629 | $1,190 | 5.4% | +6.7% | $78,815 |
| 3BR | $330,135 | $1,500 | 3.3% | +7.3% | $110,045 |
| 4BR | $455,424 | $1,650 | 2.6% | +7.8% | $113,856 |
Market Trends
Home Value History (with trend line)
📊 How Does 32344 Compare?
| Metric | 32344 | Monticello | Tallahassee, FL | Florida |
|---|---|---|---|---|
| Home Value | $316,047 | $316,047 | N/A | $374,697 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.4% |
| Avg Rent | $1,071 | $1,071 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 32344 (Monticello, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $316,047 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.6%). 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 32344
Population: 12,879
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 32344
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 strong are rents in Monticello, FL?
Investors in Monticello, FL typically see rents near $1,071/mo per month against $316K home values - a solid setup for rental cash flow.
What are vacancy rates like in Monticello, FL?
Monticello, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
Is real estate in Monticello, FL a good investment right now?
Monticello, FL scores 3.0/5 for investability. Home values sit at $316K and rents near $1,071/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What does house hacking look like in Monticello, FL?
For house hackers, Monticello, FL is a challenging. The $1,071/mo rent on a unit helps defray the mortgage on a $316K property.
What is the average home sale price in Monticello, FL?
Typical homes in Monticello, FL go for around $316K. The 5-year CAGR of 0.0% predictable price movement.
You know 32344 now. You don’t know where it ranks.
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How 32344 ranks in Tallahassee, FL
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