Real Estate Investing in Naples, Florida (34120)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34120 (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: 20.3% of homes vacant — above national norms.
What’s happening in Naples, FL (34120)?
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Market Analysis: 34120 Naples
ZIP 34120 in Naples, FL carries a solid set of headwinds. Home values near $549K and rents of $2,820/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 34120 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 34120 sits on the difficult end of the FL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 34120 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 34120 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Naples:
Property Strategy for 34120
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $415,993 | $2,460 | 4.3% | +10.2% | $207,996 |
| 3BR | $519,951 | $3,200 | 4.4% | +9.4% | $173,317 |
| 4BR | $642,286 | $3,470 | 3.9% | +9.9% | $160,571 |
| 5BR | $756,364 | — | — | +9.8% | $151,273 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34120 Compare?
| Metric | 34120 | Naples | Naples-Marco Island, FL | Florida |
|---|---|---|---|---|
| Home Value | $549,381 | $595,849 | N/A | $374,697 |
| 5-Year CAGR | 5.6% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,820 | $3,517 | N/A | - |
| Cap Rate | 4.0% | 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 34120 (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 | $549,381 |
| Monthly Rent | $2,820 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 34120
Population: 39,919
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 34120
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 much does a house cost in Naples, FL?
In Naples, FL the median home value sits at $549K. Against the broader FL market, that reads as reasonable for most investors.
Does Naples, FL make sense for an investment property?
With a 3.0/5 investability score, Naples, FL ranks as a solid market for rental property investors. Median prices of $549K and rents of $2,820/mo drive the underlying numbers.
What kind of tenants rent in Naples, FL?
Naples, FL offers a stable renter base at the $2,820/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is it like being a landlord in Naples, FL?
FL law landlord-friendly for landlords, and Naples inherits those rules. Investors should still review local ordinances for rental licensing.
How strong are rents in Naples, FL?
The typical rental in Naples, FL commands about $2,820/mo monthly. That rent profile stable cash flow against the $549K purchase basis.
You know 34120 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34120 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 34120 ranks in Naples-Marco Island, FL
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