Real Estate Investing in Grant-Valkaria, Florida (32949)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32949 (Grant-Valkaria, 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: 14.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.8 — 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 Grant-Valkaria, FL (32949)?
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Market Analysis: 32949 Grant-Valkaria
The 32949 ZIP in Grant-Valkaria, FL is a local-operator market. Outside capital chasing a $519K entry has to pair deep knowledge with the discount.
Rent of $1,674/mo on a $519K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 32949 sits below the stated 0.0% once reality is priced in.
In the broader FL picture, 32949 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Put differently, 2,821 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.
Strategy in 32949 is an operator game, not a passive one. Turning to rents, entry prices of $519K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Grant-Valkaria:
Property Strategy for 32949
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $384,252 | $1,860 | 3.5% | — | $192,126 |
| 3BR | $489,293 | $2,540 | 3.7% | +8.5% | $163,098 |
| 4BR | $471,171 | $2,890 | 4.4% | +8.4% | $117,793 |
Market Trends
Home Value History (with trend line)
📊 How Does 32949 Compare?
| Metric | 32949 | Grant-Valkaria | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $518,767 | $518,767 | N/A | $374,697 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.4% |
| Avg Rent | $1,674 | $1,674 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 32949 (Grant-Valkaria, FL). Anonymous, moderated, never written by AI.
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Property managers serving Brevard County
Manage rentals here? List your business →Solutions Property Management LLC offers residential, multi-family, commercial, and community association property management services in Melbourne, including marketing, tenant screening, rent collect summary from their website
Aamerican Property Management provides services for renters, including rental FAQs, online applications, online payments, and maintenance requests. summary from their website
All Brevard Property Management is a property management company. 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 | $518,767 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (2.5%). 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 32949
Population: 2,821
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
Frequently Asked Questions
What is the tenant pool like in Grant-Valkaria, FL?
The tenant pool in Grant-Valkaria, FL is solid, supported by local employment and population fundamentals. Rents of $1,674/mo are well-absorbed by the market.
Can owner-occupants cash flow in Grant-Valkaria, FL?
Grant-Valkaria, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,674/mo rent level.
What price range are homes in Grant-Valkaria, FL?
The median home value in Grant-Valkaria, FL is roughly $519K. That puts it reasonable relative to the FL statewide average.
How do landlord-tenant laws work in Grant-Valkaria, FL?
FL law landlord-friendly for landlords, and Grant-Valkaria inherits those rules. Investors should still review local ordinances for rental licensing.
How much do tenants pay in Grant-Valkaria, FL?
Rent in Grant-Valkaria, FL is around $1,674/mo. The resulting rent-to-value relationship with $519K pricing is reasonable for most investor models.
You know 32949 now. You don’t know where it ranks.
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How 32949 ranks in Palm Bay-Melbourne-Titusville, FL
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