Investor · Miami · Member since 2023 · 28 posts · 39 votes
Looking to invest in Jacksonville, Florida.. I can’t seem to figure out what would be considered Class B and Class C neighborhoods any body have any thoughts or suggestions on this? .. I did read several forums that say avoid zip code 32209… Thanks!
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
3y
@Account Closed thanks for the post. Invested in Jacksonville, Florida for many years.
This is the BRRRR Method forum so I'll address this from that perspective. Class C is what we want to focus on primarily. I mean, you can do what you want...but the working class people that we want as tenants rent in "Class C" neighborhoods. This is BELOW the median price point - in Jacksonville that's $310,000 - and we want 3br 2ba homes. So, if you filter your settings to those parameters then you will find what you need.
Real Estate Broker · Jacksonville FL & Middletown, CT · Member since 2008 · 1k+ posts · 633 votes
3y
Some areas of 32209 are not too bad. I've shopped for investors there. I actually recently wrote about the zip code - not sure I can post a link here. As of that article (June) the average 3/2 was $159k, with the average rents for such at $1380. I suspect the sale price point is a little lower now. I saw some decent rental grade stuff for low 100's.
For reference, HUD pays $1210 for a 3 bed, $1530 for a 4 bed in that zip.
I would personally call that a C/D area, but south of that is a little better. The neighborhoods in west side range so much. If you want B and above in Jax, you really should be east of the river, or along it, but not downtown lol.
I could go on, and on and on lol, but I guess without knowing what you're after and at what price point, kind of a moot point. If you need help, feel free to reach out.