Real Estate Investing in Waldo, Florida (32694)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32694 (Waldo, 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: 20.2% 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 Waldo, FL (32694)?
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Market Analysis: 32694 Waldo
Turning to rents, ZIP 32694 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $230K median. It rewards specialists, not generalists.
The 32694 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 32694 and stronger Waldo ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 1,870 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 32694 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 Waldo:
Property Strategy for 32694
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,126 | $1,430 | 6.2% | +6.7% | $83,063 |
| 3BR | $252,242 | $1,820 | 5.2% | +7.7% | $84,081 |
Market Trends
Home Value History (with trend line)
📊 How Does 32694 Compare?
| Metric | 32694 | Waldo | Gainesville, FL | Florida |
|---|---|---|---|---|
| Home Value | $229,558 | $229,558 | N/A | $374,697 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,287 | $1,287 | N/A | - |
| 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 32694 (Waldo, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $229,558 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 32694
Population: 1,870
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
🎓 Nearby Colleges & Universities
Investor Insight: With 5,074 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Waldo, FL make sense for an investment property?
The 3.0/5 investability rating in Waldo, FL reflects its $230K prices and $1,287/mo rents. Investors generally consider it a solid option within FL.
How much is rent in Waldo, FL?
Rents in Waldo, FL run near $1,287/mo. Compared with median home prices of $230K that produces solid gross yields for typical rentals.
How quickly do rentals get leased in Waldo, FL?
Waldo, FL carries elevated vacancy risk. Expect steady absorption at market rents of $1,287/mo.
Is Waldo, FL a good market for FHA house hackers?
Waldo, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,287/mo rent level.
Which investment style suits Waldo, FL?
A careful cash-flow rentals with hands-on management strategy Waldo, FL best. The market produces predictable results for that approach at the $230K price point.
You know 32694 now. You don’t know where it ranks.
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How 32694 ranks in Gainesville, FL
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