MarketsRun a deal in this market
State · FL
Florida
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$403k
+1.5%Zillow ZHVI
Median rent
$2,150/mo
+3.1%Zillow ZORI
Gross yield
6.40%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$71,711
Census ACS
Owner-occupied
67.7%
Census ACS
Renter-occupied
32.3%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 6.40% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 3.1% YoY while values moved 1.5%. That gap drives whether yield compresses or expands over time.
Renter share is 32% - a deep renter pool means lower vacancy risk in Florida.
Median income of $71,711 sets the affordability ceiling on rent growth.