Real Estate Investing in Century, Florida (32535)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32535 (Century, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.4% of homes vacant — above national norms.
- Lower household income: $39,828 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Century, FL (32535)?
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Market Analysis: 32535 Century
Investors eyeing 32535 need to respect the fundamentals at play. Home values of $201K come alongside slower price movement and elevated management overhead.
Rent of $1,305/mo on a $201K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 32535 sits below the stated 0.0% once reality is priced in.
Regionally, 32535 sits on the difficult end of the FL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 32535 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Century's stable or hybrid ZIPs before stepping into 32535. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Century:
Market Trends
Home Value History (with trend line)
📊 How Does 32535 Compare?
| Metric | 32535 | Century | Pensacola-Ferry Pass-Brent, FL | Florida |
|---|---|---|---|---|
| Home Value | $200,535 | $200,535 | N/A | $374,697 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.4% |
| Avg Rent | $1,305 | $1,305 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32535 (Century, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,535 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (5.1%). 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 32535
Population: 5,880
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 32535
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
What are vacancy rates like in Century, FL?
Vacancy in Century, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,305/mo.
Are landlord laws favorable in Century, FL?
Century, FL operates under FL law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the best play in Century, FL?
For Century, FL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is house hacking profitable in Century, FL?
House hacking works a challenging in Century, FL. Rents of $1,305/mo against $201K acquisition make the strategy solid for owner-occupants.
Where do home prices stand in Century, FL?
Century, FL median home values land near $201K. That is reasonable territory for investors looking at $1,305/mo-per-month rentals.
You know 32535 now. You don’t know where it ranks.
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How 32535 ranks in Pensacola-Ferry Pass-Brent, FL
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