Real Estate Investing in Naples, Florida (34104)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34104 (Naples, 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.
- High vacancy: 29.4% of homes vacant — above national norms.
What’s happening in Naples, FL (34104)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34104 Naples
This part of Collier County is not an easy win. The 34104 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $2,272/mo on a $350K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 34104 sits below the stated 0.0% once reality is priced in.
The gap between 34104 and stronger Naples ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 25,873 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.
New investors are better served looking at Naples's stable or hybrid ZIPs before stepping into 34104. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Naples:
Property Strategy for 34104
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $172,114 | $1,790 | 7.5% | +10.6% | $172,114 |
| 2BR | $284,274 | $1,980 | 5.0% | +8.6% | $142,137 |
| 3BR | $456,866 | $2,570 | 4.1% | +8.6% | $152,289 |
| 4BR | $720,485 | $2,800 | 2.8% | +10.0% | $180,121 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34104 Compare?
| Metric | 34104 | Naples | Naples-Marco Island, FL | Florida |
|---|---|---|---|---|
| Home Value | $350,338 | $595,849 | N/A | $374,697 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,272 | $3,517 | N/A | - |
| Cap Rate | 5.1% | 4.2% | - | - |
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 34104 (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 | $350,338 |
| Monthly Rent | $2,272 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | -4.4% ▼ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +2.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 34104
Population: 25,873
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 34104
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
Frequently Asked Questions
How strong is Naples, FL for real estate investors?
Naples, FL scores 3.0/5 for investability. Home values sit at $350K and rents near $2,272/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much rent can I charge in Naples, FL?
Rents in Naples, FL run near $2,272/mo. Compared with median home prices of $350K that produces solid gross yields for typical rentals.
Is Naples, FL better for rentals, flips, or BRRRR?
For Naples, FL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Can I live-in-and-rent in Naples, FL?
The house hack math a challenging in Naples, FL. Owner-occupant buyers benefit from the $2,272/mo rents and $350K home values.
What are home prices like in Naples, FL?
The median home value in Naples, FL is roughly $350K. That puts it reasonable relative to the FL statewide average.
You know 34104 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34104 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 34104 ranks in Naples-Marco Island, FL
Every ZIP in this metro, ranked. Free.
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