Real Estate Investing in Bonifay, Florida (32425)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32425 (Bonifay, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.2% 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 Bonifay, FL (32425)?
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Market Analysis: 32425 Bonifay
Not every below-median market is a bargain. Bonifay's 32425 ZIP reflects signals that favor experienced operators who can absorb the risk $188K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $188K asset, 32425 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within FL, ZIP 32425 trails on several market indicators that neighboring Holmes submarkets outperform. The gap is real and robust enough to shape underwriting.
From a cash-flow lens, 13,944 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.
Strategy in 32425 is an operator game, not a passive one. In practical terms, entry prices of $188K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bonifay:
Property Strategy for 32425
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $164,180 | $1,090 | 4.8% | +9.3% | $82,090 |
| 3BR | $215,746 | $1,430 | 4.8% | +9.9% | $71,915 |
| 4BR | $295,304 | $1,460 | 3.6% | +8.6% | $73,826 |
Market Trends
Home Value History (with trend line)
📊 How Does 32425 Compare?
| Metric | 32425 | Bonifay | Florida |
|---|---|---|---|
| Home Value | $188,194 | $188,194 | $374,697 |
| 5-Year CAGR | 2.4% | 2.4% | 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 32425 (Bonifay, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,194 |
| Monthly Rent | $981 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 32425
Population: 13,944
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 32425
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
What is the typical vacancy rate in Bonifay, FL?
Bonifay, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average home sale price in Bonifay, FL?
Expect median prices around $188K in Bonifay, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Which investment style suits Bonifay, FL?
Investors usually favor careful cash-flow rentals with hands-on management in Bonifay, FL. With home values at $188K and rents near $981/mo, other strategies can work but produce measured rather than outsized returns.
How strong is the working-renter base in Bonifay, FL?
Tenant demand in Bonifay, FL is solid. The local workforce $981/mo rents across most rental classes.
Are rents high in Bonifay, FL?
Rents in Bonifay, FL run near $981/mo. Compared with median home prices of $188K that produces solid gross yields for typical rentals.
You know 32425 now. You don’t know where it ranks.
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