Investing in Jacksonville (32209, 32206)
What's up everyone. I am in the market for another rental. I have experience in investing in class D neighborhoods as I have two quads in Belle Glade since 2016 that are doing pretty well. I've been looking in Jacksonville and noticed a lot of inventory in 32209 and surrounding areas. A lot of houses are sitting well over 90 DOM so I know there is plenty of flexibility in negotiations. As a South Floridian, I don't have any first hand experience with this specific area but everything I am finding suggests that it is a very high crime area. Is there anyone here with hands on experience that can advise if there's any potential here? Is it that hard to cash flow? Thanks in advance.
Most Popular Reply
Hey Rudy!
As a Jacksonville native, I can share some local perspective. While those ZIP codes haven't traditionally been considered among the area's strongest-performing neighborhoods, Jacksonville is evolving rapidly and many submarkets are changing alongside that growth.
One factor worth paying attention to is the significant redevelopment taking place throughout Downtown Jacksonville and the surrounding urban core. As major projects continue to come online over the next several years, nearby neighborhoods could experience meaningful shifts in demand, infrastructure, and overall desirability.
Whether the timing makes sense today depends on your investment strategy, risk tolerance, and hold period. If you're taking a long-term approach, there may be opportunities worth exploring as the area continues to mature.
I'd recommend digging into neighborhood-level trends, planned developments, and rental demand before making a decision. Jacksonville is a large and highly segmented market, so local knowledge can make a big difference when evaluating specific opportunities. :)