Real Estate Investing in Chipley, Florida (32428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32428 (Chipley, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.4% 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 Chipley, FL (32428)?
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Market Analysis: 32428 Chipley
From an investor standpoint, ZIP 32428 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $232K median. It rewards specialists, not generalists.
The 32428 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 32428 sits on the difficult end of the FL spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 32428 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to 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 Chipley:
Property Strategy for 32428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,342 | $1,450 | 5.9% | +7.2% | $88,671 |
| 3BR | $252,065 | $1,930 | 5.5% | +8.1% | $84,022 |
| 4BR | $317,070 | $2,440 | 5.5% | +7.4% | $79,267 |
Market Trends
Home Value History (with trend line)
📊 How Does 32428 Compare?
| Metric | 32428 | Chipley | Florida |
|---|---|---|---|
| Home Value | $232,118 | $232,118 | $374,697 |
| 5-Year CAGR | 4.2% | 4.2% | 7.4% |
| Avg Rent | $1,305 | $1,305 | - |
| Cap Rate | 4.4% | 4.4% | - |
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 32428 (Chipley, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,118 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 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 (4.4%). 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 32428
Population: 18,015
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 32428
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 Chipley, FL a good market for buy-and-hold investors?
Investors tracking Chipley, FL will find a 3.0/5 rating supported by $232K median home values and $1,305/mo rents. That profile suits long-term holders targeting reliable returns.
What real estate strategy is ideal for Chipley, FL?
For Chipley, FL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical vacancy rate in Chipley, FL?
Chipley, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do home values compare in Chipley, FL?
Homes in Chipley, FL typically sell near $232K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How much is rent in Chipley, FL?
Rents in Chipley, FL run near $1,305/mo. Compared with median home prices of $232K that produces solid gross yields for typical rentals.
You know 32428 now. You don’t know where it ranks.
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