Real Estate Investing in Naples, Florida (34102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34102 (Naples, 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: 44.0% of homes vacant — above national norms.
What’s happening in Naples, FL (34102)?
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Market Analysis: 34102 Naples
The 34102 ZIP in Naples, FL is a local-operator market. Outside capital chasing a $1.3M entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.3M asset, 34102 is the wrong submarket. If the plan prices in friction, the yield can still work.
On balance, 34102 offers a low basis, the region around Naples has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 34102 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Naples:
Property Strategy for 34102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $402,732 | $1,640 | 2.9% | +4.9% | $402,732 |
| 2BR | $714,721 | $1,810 | 1.8% | +4.6% | $357,360 |
| 3BR | $2,350,338 | $2,350 | 0.7% | +9.8% | $783,446 |
| 4BR | $5,376,542 | $2,560 | 0.3% | +11.8% | $1,344,136 |
| 5BR | $10,280,862 | — | — | +12.9% | $2,056,172 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34102 Compare?
| Metric | 34102 | Naples | Naples-Marco Island, FL | Florida |
|---|---|---|---|---|
| Home Value | $1,298,081 | $595,849 | N/A | $374,697 |
| 5-Year CAGR | 4.3% | 5.0% | N/A | 7.4% |
| Avg Rent | $7,095 | $3,517 | N/A | - |
| Cap Rate | 4.3% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34102 (Naples, FL). Anonymous, moderated, never written by AI.
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Property managers serving Collier County
Manage rentals here? List your business →Equity Property Management LLC manages apartments and offers services related to construction, tax credits, and investor relations. summary from their website
Sandcastle Community Management offers HOA and Condominium Management, professional maintenance, financial solutions, and real estate services in Florida, including Naples, Fort Myers, and Bonita Spri summary from their website
BZG International is a full-service Real Estate Brokerage Firm in Miami, FL, specializing in selling and leasing properties throughout South Florida, representing sellers, buyers, landlords, and tenan 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 | $1,298,081 |
| Monthly Rent | $7,095 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | -2.9% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | -24.5% ▼ |
| 3-Year CAGR | -7.1% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 34102
Population: 10,804
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 34102
Schools in This ZIP Code
About Repit School Scores
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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
Frequently Asked Questions
Does Naples, FL make sense for an investment property?
Naples, FL rates 3.0/5 for investability. With median values at $1.3M and rents near $7,095/mo, the market offers reasonable fundamentals for rental investors.
What strategy should investors use in Naples, FL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Naples, FL. The numbers - $1.3M homes against $7,095/mo rents - support that play.
How expensive is real estate in Naples, FL?
Naples, FL median home values land near $1.3M. That is reasonable territory for investors looking at $7,095/mo-per-month rentals.
How tight is the rental market in Naples, FL?
Rental vacancy in Naples, FL is elevated. Investors should budget normal turnover but not chronic empty units.
Does house hacking make sense in Naples, FL?
Naples, FL is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $1.3M price point reasonable to enter.
You know 34102 now. You don’t know where it ranks.
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How 34102 ranks in Naples-Marco Island, FL
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