Real Estate Investing in Dundee, Florida (33838)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33838 (Dundee, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.5% of homes vacant — above national norms.
- Elevated poverty: 22.0% poverty rate — can affect rent collection.
What’s happening in Dundee, FL (33838)?
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Market Analysis: 33838 Dundee
Investors eyeing 33838 need to respect the fundamentals at play. Home values of $269K come alongside slower price movement and elevated management overhead.
Rent of $1,964/mo on a $269K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33838 sits below the stated 0.0% once reality is priced in.
Regionally, 33838 sits on the difficult end of the FL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 33838 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Dundee's stable or hybrid ZIPs before stepping into 33838. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dundee:
Property Strategy for 33838
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,144 | $1,550 | 6.8% | +6.6% | $82,572 |
| 3BR | $265,341 | $2,090 | 5.7% | +6.9% | $88,447 |
| 4BR | $304,718 | $2,600 | 6.1% | +6.7% | $76,180 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33838 Compare?
| Metric | 33838 | Dundee | Lakeland-Winter Haven, FL | Florida |
|---|---|---|---|---|
| Home Value | $268,684 | $268,684 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 7.4% |
| Avg Rent | $1,964 | $1,964 | N/A | - |
| Cap Rate | 5.7% | 5.7% | - | - |
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 33838 (Dundee, 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 | $268,684 |
| Monthly Rent | $1,964 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | -2.4% ▼ |
| 3-Year CAGR | -2.3% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (5.7%). 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 33838
Population: 5,431
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 33838
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 1,091 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Dundee, FL?
Dundee, FL median home values land near $269K. That is reasonable territory for investors looking at $1,964/mo-per-month rentals.
Is real estate in Dundee, FL a good investment right now?
Dundee, FL scores 3.0/5 for investability. Home values sit at $269K and rents near $1,964/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the renter demographic in Dundee, FL?
Dundee, FL offers a stable renter base at the $1,964/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are eviction rules reasonable in Dundee, FL?
Dundee, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Should investors worry about vacancy in Dundee, FL?
Vacancy in Dundee, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,964/mo.
You know 33838 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33838 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 33838 ranks in Lakeland-Winter Haven, FL
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