Real Estate Investing in Zellwood, Florida (32798)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32798 (Zellwood, 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: 16.3% 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 Zellwood, FL (32798)?
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Market Analysis: 32798 Zellwood
The 32798 ZIP in Zellwood, FL is a local-operator market. Outside capital chasing a $337K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 32798 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 32798 sits on the difficult end of the FL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Looking more closely, 2,159 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.
Distressed ZIPs reward experience. robust returns are possible in 32798, 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 Zellwood:
Market Trends
Home Value History (with trend line)
📊 How Does 32798 Compare?
| Metric | 32798 | Zellwood | Orlando-Kissimmee-Sanford, FL | Florida |
|---|---|---|---|---|
| Home Value | $336,719 | $336,719 | N/A | $374,697 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.4% |
| Avg Rent | $1,368 | $1,368 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32798 (Zellwood, FL). Anonymous, moderated, never written by AI.
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Property managers serving Orange County
Manage rentals here? List your business →All County CFL provides full-service residential property management in Winter Park, FL and surrounding areas, focusing on maximizing revenue and managing tenant relationships for property owners. summary from their website
RentCare Property Management provides reliable, professional, and trusted residential property management services in Orlando since 1993, including marketing, resident screening, rent collection, and summary from their website
Southwest Property Management is a full-service Community Association Management Company serving Central Florida. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $336,719 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.2%). 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 32798
Population: 2,159
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 32798
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DREAM LAKE ELEMENTARY
CLAY SPRINGS ELEMENTARY
ROCK SPRINGS ELEMENTARY
WOLF LAKE ELEMENTARY
APOPKA ELEMENTARY
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
Investor Insight: With 2,752 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Zellwood, FL?
Median home price in Zellwood, FL is near $337K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is Zellwood, FL good for house hacking?
The a challenging house-hack environment in Zellwood, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is the tenant base reliable in Zellwood, FL?
The tenant pool in Zellwood, FL is solid, supported by local employment and population fundamentals. Rents of $1,368/mo are well-absorbed by the market.
Is rental property easy to operate in Zellwood, FL?
Rental owners in Zellwood, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much rent can I charge in Zellwood, FL?
Expect rents around $1,368/mo per month in Zellwood, FL. With home values at $337K, the yield math works out to reasonable levels for rental investors.
You know 32798 now. You don’t know where it ranks.
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How 32798 ranks in Orlando-Kissimmee-Sanford, FL
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