Real Estate Investing in Crystal River, Florida (34428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34428 (Crystal River, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.5% of homes vacant — above national norms.
- Elevated poverty: 23.4% poverty rate — can affect rent collection.
What’s happening in Crystal River, FL (34428)?
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Market Analysis: 34428 Crystal River
The 34428 ZIP in Crystal River, FL is a local-operator market. Outside capital chasing a $296K entry has to pair deep knowledge with the discount.
The 34428 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Crystal River have seen price recovery that 34428 has not matched. Citrus County data supports the view that the spread is structural rather than temporary.
On balance, 9,325 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.
Strategy in 34428 is an operator game, not a passive one. On the rental side, entry prices of $296K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Crystal River:
Property Strategy for 34428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,341 | $1,080 | 3.5% | +8.5% | $111,670 |
| 3BR | $312,207 | $1,520 | 3.5% | +9.4% | $104,069 |
| 4BR | $470,760 | $1,820 | 2.8% | +9.8% | $117,690 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34428 Compare?
| Metric | 34428 | Crystal River | Homosassa Springs, FL | Florida |
|---|---|---|---|---|
| Home Value | $296,380 | $275,052 | N/A | $374,697 |
| 5-Year CAGR | 4.9% | 3.9% | N/A | 7.4% |
| Avg Rent | $1,763 | $1,865 | N/A | - |
| Cap Rate | 4.6% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34428 (Crystal River, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $296,380 |
| Monthly Rent | $1,763 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (4.6%). 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 34428
Population: 9,325
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 34428
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.
Frequently Asked Questions
Does Crystal River, FL make sense for an investment property?
The 3.0/5 investability rating in Crystal River, FL reflects its $296K prices and $1,763/mo rents. Investors generally consider it a solid option within FL.
What monthly rent should investors expect in Crystal River, FL?
Average rent in Crystal River, FL is approximately $1,763/mo per month. Against $296K home values that yields a reasonable rent-to-price ratio.
Which investment style suits Crystal River, FL?
A careful cash-flow rentals with hands-on management strategy Crystal River, FL best. The market produces reliable results for that approach at the $296K price point.
Should investors worry about vacancy in Crystal River, FL?
Crystal River, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
Does house hacking work in Crystal River, FL?
House hacking in Crystal River, FL is reasonable to execute. Prices around $296K and rents of $1,763/mo solid owner-occupant economics.
You know 34428 now. You don’t know where it ranks.
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How 34428 ranks in Homosassa Springs, FL
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