Real Estate Investing in Morriston, Florida (32668)
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Should you buy in 32668 (Morriston, 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.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 36.2 — 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 Morriston, FL (32668)?
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Market Analysis: 32668 Morriston
The 32668 ZIP in Morriston, FL is a local-operator market. Outside capital chasing a $469K entry has to pair deep knowledge with the discount.
For an experienced owner, 32668 can be a worth a close look for hunting ground — but the discount at $469K reflects genuine risk that outside investors often underestimate.
Regionally, 32668 sits on the difficult end of the FL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 32668 includes headwinds that any investor should price in. Income distribution skews lower than Morriston averages, and tenant stability requires active management.
Distressed ZIPs reward experience. significant returns are possible in 32668, 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 Morriston:
Market Trends
Home Value History (with trend line)
📊 How Does 32668 Compare?
| Metric | 32668 | Morriston | Gainesville, FL | Florida |
|---|---|---|---|---|
| Home Value | $468,849 | $468,849 | N/A | $374,697 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.4% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32668 (Morriston, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $468,849 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 36.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (1.8%). 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 32668
Population: 5,326
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
Frequently Asked Questions
Where do rents currently stand in Morriston, FL?
Average rent in Morriston, FL is approximately $1,080/mo per month. Against $469K home values that yields a reasonable rent-to-price ratio.
Which investment style suits Morriston, FL?
The best-fit strategy in Morriston, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Morriston, FL a good place for real estate investing?
Investors tracking Morriston, FL will find a 3.0/5 rating supported by $469K median home values and $1,080/mo rents. That profile suits long-term holders targeting stable returns.
How expensive is real estate in Morriston, FL?
Morriston, FL median home values land near $469K. That is reasonable territory for investors looking at $1,080/mo-per-month rentals.
What is the renter demographic in Morriston, FL?
Morriston, FL draws a measured base of working renters. Demand at the $1,080/mo rent level is reasonable for standard single-family and small multi rentals.
You know 32668 now. You don’t know where it ranks.
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How 32668 ranks in Gainesville, FL
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