Real Estate Investing in Homosassa, Florida (34446)
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Should you buy in 34446 (Homosassa, 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: 12.4% of homes vacant — above national norms.
What’s happening in Homosassa, FL (34446)?
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Market Analysis: 34446 Homosassa
ZIP 34446 in Homosassa, FL carries a substantial set of headwinds. Home values near $321K and rents of $1,900/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 34446 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 34446 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 34446 ZIP's population of 18,797 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategically, 34446 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 Homosassa:
Property Strategy for 34446
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,615 | $1,240 | 4.3% | +7.9% | $103,307 |
| 3BR | $330,198 | $1,720 | 3.8% | +8.0% | $110,066 |
| 4BR | $382,218 | $2,040 | 3.8% | +7.6% | $95,555 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34446 Compare?
| Metric | 34446 | Homosassa | Homosassa Springs, FL | Florida |
|---|---|---|---|---|
| Home Value | $320,667 | $196,497 | N/A | $374,697 |
| 5-Year CAGR | 4.2% | 3.8% | N/A | 7.4% |
| Avg Rent | $1,900 | $1,904 | N/A | - |
| Cap Rate | 4.6% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34446 (Homosassa, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,667 |
| Monthly Rent | $1,900 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 34446
Population: 18,797
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Homosassa, FL a good investment right now?
Homosassa, FL rates 3.0/5 for investability. With median values at $321K and rents near $1,900/mo, the market offers reasonable fundamentals for rental investors.
What are rental rates like in Homosassa, FL?
Rental rates in Homosassa, FL average $1,900/mo. Tenant demand and $321K home values make the yield look reasonable by investor standards.
Which real estate strategy fits Homosassa, FL?
The best-fit strategy in Homosassa, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do rentals sit vacant long in Homosassa, FL?
Rental vacancy in Homosassa, FL is elevated. Investors should budget normal turnover but not chronic empty units.
How expensive is real estate in Homosassa, FL?
Median home price in Homosassa, FL is near $321K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
You know 34446 now. You don’t know where it ranks.
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How 34446 ranks in Homosassa Springs, FL
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