Real Estate Investing in Graceville, Florida (32440)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32440 (Graceville, FL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Graceville, FL (32440)?
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Market Analysis: 32440 Graceville
ZIP 32440 in Graceville, FL carries a notable set of headwinds. Home values near $174K and rents of $945/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $174K asset, 32440 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 32440's metrics run below Jackson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A significant renter share of 34% in 32440 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 32440, 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 Graceville:
Property Strategy for 32440
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $119,483 | $1,050 | 6.3% | +8.1% | $59,741 |
| 3BR | $188,570 | $1,380 | 5.3% | +8.5% | $62,857 |
| 4BR | $298,392 | $1,390 | 3.4% | +8.9% | $74,598 |
Market Trends
Home Value History (with trend line)
📊 How Does 32440 Compare?
| Metric | 32440 | Graceville | Florida |
|---|---|---|---|
| Home Value | $174,326 | $174,326 | $374,697 |
| 5-Year CAGR | 4.5% | 4.5% | 7.4% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 4.2% | 4.2% | - |
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 32440 (Graceville, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,326 |
| Monthly Rent | $945 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (4.2%). 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 32440
Population: 8,048
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 32440
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 rental occupancy rate in Graceville, FL?
Graceville, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Graceville, FL?
A careful cash-flow rentals with hands-on management strategy Graceville, FL best. The market produces predictable results for that approach at the $174K price point.
Is real estate in Graceville, FL a good investment right now?
Graceville, FL rates 3.0/5 for investability. With median values at $174K and rents near $945/mo, the market offers reasonable fundamentals for rental investors.
What does house hacking look like in Graceville, FL?
For house hackers, Graceville, FL is a challenging. The $945/mo rent on a unit helps defray the mortgage on a $174K property.
Are rents high in Graceville, FL?
Graceville, FL rentals go for roughly $945/mo a month. That puts gross yield in solid territory relative to $174K acquisition costs.
You know 32440 now. You don’t know where it ranks.
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