Real Estate Investing in Cedar Key, Florida (32625)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32625 (Cedar Key, 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: 44.2% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.6% in the last year.
- High price-to-rent: Price-to-rent ratio 27.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cedar Key, FL (32625)?
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Market Analysis: 32625 Cedar Key
The 32625 ZIP in Cedar Key, FL is a local-operator market. Outside capital chasing a $320K entry has to pair deep knowledge with the discount.
Looking more closely, the numbers look inviting — $320K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32625 is substantial and deserves full respect.
Statewide comparisons place 32625 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 32625 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 32625 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cedar Key:
Market Trends
Home Value History (with trend line)
📊 How Does 32625 Compare?
| Metric | 32625 | Cedar Key | Gainesville, FL | Florida |
|---|---|---|---|---|
| Home Value | $320,287 | $320,287 | N/A | $374,697 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 7.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32625 (Cedar Key, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,287 |
| Monthly Rent | $972 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | -3.6% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.4%). 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 32625
Population: 1,255
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 32625
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 is tenant demand in Cedar Key, FL?
The tenant pool in Cedar Key, FL is solid, supported by local employment and population fundamentals. Rents of $972/mo are well-absorbed by the market.
Should investors worry about vacancy in Cedar Key, FL?
Cedar Key, FL carries elevated vacancy risk. Expect steady absorption at market rents of $972/mo.
What is the typical home price in Cedar Key, FL?
Median home price in Cedar Key, FL is near $320K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What is the typical rental rate in Cedar Key, FL?
Rent in Cedar Key, FL is around $972/mo. The resulting rent-to-value relationship with $320K pricing is reasonable for most investor models.
What does house hacking look like in Cedar Key, FL?
House hacking in Cedar Key, FL is reasonable to execute. Prices around $320K and rents of $972/mo solid owner-occupant economics.
You know 32625 now. You don’t know where it ranks.
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