Real Estate Investing in The Hammocks, Florida (33196)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33196 (The Hammocks, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in The Hammocks, FL (33196)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33196 The Hammocks
ZIP 33196 in The Hammocks, FL carries a impressive set of headwinds. Home values near $568K and rents of $2,615/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $568K asset, 33196 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 33196 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 33196 includes headwinds that any investor should price in. Income distribution skews lower than The Hammocks averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 33196 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 The Hammocks:
Property Strategy for 33196
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $224,233 | $2,460 | 7.9% | +6.4% | $224,233 |
| 2BR | $292,016 | $3,000 | 7.4% | +8.0% | $146,008 |
| 3BR | $528,744 | $3,850 | 5.2% | +8.2% | $176,248 |
| 4BR | $698,365 | $4,450 | 4.6% | +10.3% | $174,591 |
| 5BR | $797,765 | — | — | +10.6% | $159,553 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33196 Compare?
| Metric | 33196 | The Hammocks | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $568,371 | $568,371 | N/A | $374,697 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.4% |
| Avg Rent | $2,615 | $2,615 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 33196 (The Hammocks, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33196 (The Hammocks, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Miami-Dade County
Manage rentals here? List your business →Cadisa Inc. specializes in delivering reliable, hands-on property management solutions for condominium associations, commercial buildings, and multifamily communities across South Florida, with a focu summary from their website
Florida Property Management Strategies is a boutique community association management firm serving select communities in Miami, built on responsiveness and supported by systems for smooth community op summary from their website
Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude 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 | $568,371 |
| Monthly Rent | $2,615 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 33196
Population: 53,846
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 33196
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 688 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does The Hammocks, FL stack up for property investment?
The Hammocks, FL rates 3.0/5 for investability. With median values at $568K and rents near $2,615/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in The Hammocks, FL?
The Hammocks, FL home values average about $568K. That price point suits investors targeting rentals with $2,615/mo in monthly income.
Are rents high in The Hammocks, FL?
The typical rental in The Hammocks, FL commands about $2,615/mo monthly. That rent profile steady cash flow against the $568K purchase basis.
What is it like being a landlord in The Hammocks, FL?
Rental owners in The Hammocks, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are there empty rentals in The Hammocks, FL?
Expect elevated vacancy in The Hammocks, FL. Rents at $2,615/mo are absorbed by the tenant base without meaningful lag.
You know 33196 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33196 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33196 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33196 (The Hammocks)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33196 (The Hammocks, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.