Real Estate Investing in Chokoloskee, Florida (34138)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34138 (Chokoloskee, 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: 46.2% of homes vacant — above national norms.
ⓘ Read the numbers with care
- Volatile values — home values moved more than 35% in one year; the trend line deserves skepticism.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chokoloskee, FL (34138)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34138 Chokoloskee
This part of Collier is not an easy win. The 34138 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $311K asset, 34138 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 34138 sits on the difficult end of the FL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 34138 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.
The right play in 34138 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Chokoloskee:
Market Trends
Home Value History (with trend line)
📊 How Does 34138 Compare?
| Metric | 34138 | Chokoloskee | Florida |
|---|---|---|---|
| Home Value | $311,226 | $311,226 | $374,697 |
| 5-Year CAGR | N/A | N/A | 7.4% |
| Avg Rent | $1,791 | $1,791 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34138 (Chokoloskee, 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 | $311,226 |
| Monthly Rent | $1,791 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 19.7% |
📈 Home Appreciation
| 1-Year | +78.4% ▲ |
| 3-Year CAGR | +15.2% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.5%). 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 34138
Population: 911
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 34138
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
EVERGLADES CITY SCHOOL
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What do landlords charge for rent in Chokoloskee, FL?
Rent in Chokoloskee, FL is around $1,791/mo. The resulting rent-to-value relationship with $311K pricing is reasonable for most investor models.
What is the best play in Chokoloskee, FL?
For Chokoloskee, FL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of market is Chokoloskee, FL for investors?
Investors tracking Chokoloskee, FL will find a 2.0/5 rating supported by $311K median home values and $1,791/mo rents. That profile suits long-term holders targeting steady returns.
Do rentals sit vacant long in Chokoloskee, FL?
Expect elevated vacancy in Chokoloskee, FL. Rents at $1,791/mo are absorbed by the tenant base without meaningful lag.
How expensive is real estate in Chokoloskee, FL?
The median home value in Chokoloskee, FL is roughly $311K. That puts it reasonable relative to the FL statewide average.
You know 34138 now. You don’t know where it ranks.
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