Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Duval County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,101 | $293,727 | $242,182 |
| Price Trend (Annual %) | 14.5% | 12.0% | 8.2% |
| Median Gross Rent | $1,385 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Duval County is about 18% lower than in Florida. Rent is about 11% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Duval County, up about 14.5% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Duval County rose about 46.9% between 2015 and 2023, from $943 to $1,385. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Duval County.
Buying the median-priced home in Duval County costs roughly 14.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Duval County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Duval County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,101 | $293,727 | $242,182 |
| Median Household Income | $68,659 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.5 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Duval County rose about 145.9%, while median household income rose about 40.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Duval County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.8% | 57.1% | 58.2% |
| Rental Rate | 38.1% | 27.7% | 31.3% |
| Vacancy Rate | 9.2% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Duval County has a homeownership rate of 52.8%, lower than the Florida average of 57.1%. Its housing vacancy rate is 9.2%, compared with 15.2% in Florida.
Housing Stock
| Metric | Duval County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1983 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Duval County was built around 1983. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Duval County, Florida.
What is the median home price in Duval County, Florida?
The median home price in Duval County, Florida is $241,101, lower than the Florida average of $293,727.
What is the average home price in Duval County, Florida?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Duval County, Florida?
The median gross rent in Duval County, Florida is $1,385 per month, lower than the Florida average of $1,564.
What was the median gross rent in Duval County in 2020?
In 2020, the median gross rent in Duval County, Florida was $1,096 per month.
What is the price-to-rent ratio in Duval County, Florida?
The price-to-rent ratio in Duval County, Florida is about 14.5, meaning it would take roughly 14.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Duval County.
Are home prices or rent rising faster in Duval County, Florida?
Both home prices and rent are rising in Duval County, up about 14.5% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Duval County, Florida?
52.8% of households in Duval County, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Duval County, Florida?
The housing vacancy rate in Duval County, Florida is 9.2%, lower than the Florida average of 15.2%.