Real Estate Investing in Weeki Wachee, Florida (34614)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34614 (Weeki Wachee, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Weeki Wachee, FL (34614)?
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Market Analysis: 34614 Weeki Wachee
This part of Hernando County is not an easy win. The 34614 ZIP reports 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 $358K asset, 34614 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 34614 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 34614 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 34614 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 Weeki Wachee:
Property Strategy for 34614
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $280,629 | $1,490 | 3.8% | +9.7% | $140,314 |
| 3BR | $340,254 | $1,940 | 4.1% | +9.4% | $113,418 |
| 4BR | $381,930 | $2,350 | 4.4% | +9.6% | $95,482 |
Market Trends
Home Value History (with trend line)
📊 How Does 34614 Compare?
| Metric | 34614 | Weeki Wachee | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $357,887 | $357,887 | N/A | $374,697 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $1,341 | $1,341 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 34614 (Weeki Wachee, FL). Anonymous, moderated, never written by AI.
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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 | $357,887 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (2.9%). 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 34614
Population: 9,561
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 34614
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 kind of market is Weeki Wachee, FL for investors?
Our data puts Weeki Wachee, FL at 3.0/5 for investability. Home prices of $358K and rents around $1,341/mo create a solid backdrop for investor activity.
What is the average monthly rent in Weeki Wachee, FL?
Rent in Weeki Wachee, FL is around $1,341/mo. The resulting rent-to-value relationship with $358K pricing is reasonable for most investor models.
How should investors approach Weeki Wachee, FL?
Most investors in Weeki Wachee, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How expensive is real estate in Weeki Wachee, FL?
The median home value in Weeki Wachee, FL is roughly $358K. That puts it reasonable relative to the FL statewide average.
Can I house hack in Weeki Wachee, FL?
Weeki Wachee, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,341/mo rent level.
You know 34614 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34614 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 34614 ranks in Tampa-St. Petersburg-Clearwater, FL
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