Real Estate Investing in Eagle Lake, Florida (33839)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33839 (Eagle Lake, 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: 20.6% of homes vacant — above national norms.
What’s happening in Eagle Lake, FL (33839)?
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Market Analysis: 33839 Eagle Lake
Investors eyeing 33839 need to respect the fundamentals at play. Home values of $285K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33839 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 33839's metrics run below Polk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 33839 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 33839 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Eagle Lake:
Property Strategy for 33839
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,230 | $1,560 | 6.8% | +7.9% | $82,615 |
| 3BR | $264,955 | $2,110 | 5.7% | +7.4% | $88,318 |
| 4BR | $308,810 | $2,620 | 6.1% | +5.8% | $77,203 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33839 Compare?
| Metric | 33839 | Eagle Lake | Lakeland-Winter Haven, FL | Florida |
|---|---|---|---|---|
| Home Value | $285,280 | $285,280 | N/A | $374,697 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 7.4% |
| Avg Rent | $2,137 | $2,137 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33839 (Eagle Lake, FL). Anonymous, moderated, never written by AI.
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Property managers serving Polk County
Manage rentals here? List your business →All County Polk is a full-service residential property management company in Lakeland, FL, serving Lakeland and surrounding areas in Polk County. summary from their website
Paragon Property Services, LLC offers full-service home inspection services in Central Florida, including Lake, Sumter, Seminole, Orange, Osceola, Polk, Pasco, Hernando, Hillsborough, Volusia, and Cit summary from their website
PMI Arrico Realty and Property Management offers residential property management, investment services, and real estate services in Lakeland, FL. 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 | $285,280 |
| Monthly Rent | $2,137 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +4.0% ▲ |
| 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 (5.8%). 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 33839
Population: 4,397
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 33839
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
FRANK E. BRIGHAM ACADEMY
JOHN SNIVELY ELEMENTARY
WAHNETA ELEMENTARY SCHOOL
CYPRESS JUNCTION MONTESSORI
DENISON MIDDLE SCHOOL
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 1,351 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Eagle Lake, FL good for landlords?
Eagle Lake, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What kind of tenants rent in Eagle Lake, FL?
Eagle Lake, FL offers a steady renter base at the $2,137/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Eagle Lake, FL suited for a house hack?
The a challenging house-hack environment in Eagle Lake, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the investability score for Eagle Lake, FL?
Eagle Lake, FL clocks in at an investability rating of 3.0/5, with median home values near $285K and average rents around $2,137/mo. That combination puts it in the solid tier for investor interest.
What is the smart move for investors in Eagle Lake, FL?
Most investors in Eagle Lake, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 33839 now. You don’t know where it ranks.
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How 33839 ranks in Lakeland-Winter Haven, FL
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