Real Estate Investing in Brooksville, Florida (34602)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34602 (Brooksville, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.9% in the last year.
What’s happening in Brooksville, FL (34602)?
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Market Analysis: 34602 Brooksville
ZIP 34602 inside Hernando County looks affordable on the surface — median value of $299K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 34602 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 34602 and stronger Brooksville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 11% in 34602 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Brooksville:
Property Strategy for 34602
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $219,097 | $1,640 | 5.4% | +9.0% | $109,549 |
| 3BR | $304,998 | $2,100 | 5.0% | +7.6% | $101,666 |
| 4BR | $382,070 | $2,550 | 4.8% | +8.0% | $95,517 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34602 Compare?
| Metric | 34602 | Brooksville | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $298,986 | $315,232 | N/A | $374,697 |
| 5-Year CAGR | 4.0% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,825 | $1,745 | N/A | - |
| Cap Rate | 4.8% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34602 (Brooksville, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 34602 (Brooksville, FL)?
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Property managers serving Hernando County
Manage rentals here? List your business →Dennis Property Management offers rental agency and management services in the Tampa Bay area, including multi-family management, investor packages, and resources for homeowners and tenants. summary from their website
Dennis Property Management, a division of Dennis Realty & Investment Corporation, offers full-service property management in Spring Hill, Florida and surrounding areas. summary from their website
Paragon Property Services, LLC offers full-service home inspection services in Central Florida, including Lake, Sumter, Seminole, Orange, Osceola, Polk, Pasco, Hernando, Hillsborough, Volusia, and Cit 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 | $298,986 |
| Monthly Rent | $1,825 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.8%). 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 34602
Population: 10,391
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 34602
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
What is the typical rental rate in Brooksville, FL?
Rents in Brooksville, FL run near $1,825/mo. Compared with median home prices of $299K that produces solid gross yields for typical rentals.
Is it easy to find good tenants in Brooksville, FL?
Working renters make up the core of the Brooksville, FL tenant base. The pool is reasonable for investors targeting long-term holds.
What is the rental occupancy rate in Brooksville, FL?
Vacancy risk in Brooksville, FL is elevated. That supports measured cash flow for typical rental holds.
Is Brooksville, FL good for landlords?
The landlord environment in Brooksville, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What strategy should investors use in Brooksville, FL?
Brooksville, FL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($299K prices, $1,825/mo rents) make it a reasonable choice.
You know 34602 now. You don’t know where it ranks.
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How 34602 ranks in Tampa-St. Petersburg-Clearwater, FL
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