Real Estate Investing in Naples, Florida (34109)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34109 (Naples, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.3% of homes vacant — above national norms.
What’s happening in Naples, FL (34109)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34109 Naples
Not every below-median market is a bargain. Naples's 34109 ZIP comes in at signals that favor experienced operators who can absorb the risk $581K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 34109 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 34109's metrics run below Collier County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 34109 ZIP's population of 26,644 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 34109 is an operator game, not a passive one. Meanwhile, entry prices of $581K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Naples:
Property Strategy for 34109
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $194,858 | $1,900 | 7.0% | +8.2% | $194,858 |
| 2BR | $347,414 | $2,100 | 4.4% | +7.0% | $173,707 |
| 3BR | $658,706 | $2,730 | 3.0% | +9.9% | $219,569 |
| 4BR | $1,218,752 | $2,970 | 1.8% | +11.9% | $304,688 |
| 5BR | $1,744,907 | — | — | +12.7% | $348,981 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34109 Compare?
| Metric | 34109 | Naples | Naples-Marco Island, FL | Florida |
|---|---|---|---|---|
| Home Value | $580,925 | $595,849 | N/A | $374,697 |
| 5-Year CAGR | 5.6% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,575 | $3,517 | N/A | - |
| Cap Rate | 3.5% | 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 34109 (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 | $580,925 |
| Monthly Rent | $2,575 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | -3.4% ▼ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | +19.1% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +9.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 34109
Population: 26,644
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 34109
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
NAPLES PARK ELEMENTARY 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
Frequently Asked Questions
What is the best play in Naples, FL?
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.
What is the typical vacancy rate in Naples, FL?
Naples, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How does Naples, FL rate as a rental market?
Naples, FL scores 3.0/5 for investability. Home values sit at $581K and rents near $2,575/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are eviction rules reasonable in Naples, FL?
For rental operators, Naples, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Naples, FL?
Naples, FL draws a even-keeled base of working renters. Demand at the $2,575/mo rent level is reasonable for standard single-family and small multi rentals.
You know 34109 now. You don’t know where it ranks.
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How 34109 ranks in Naples-Marco Island, FL
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