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.
Housing Market Overview
| Metric | Jacksonville Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $322,005 | $293,727 | $242,182 |
| Price Trend (Annual %) | 12.3% | 12.0% | 8.2% |
| Median Gross Rent | $1,866 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 7.8% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jacksonville Beach is about 10% higher than in Florida. Rent is about 19% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Jacksonville Beach, up about 12.3% and 7.8% a year respectively. Home prices are changing faster.
Median rent in Jacksonville Beach rose about 60.1% between 2015 and 2023, from $1,165 to $1,866. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Jacksonville Beach.
Buying the median-priced home in Jacksonville Beach costs roughly 14.4 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 Jacksonville Beach. The price-to-rent ratio in Florida is about 15.7.
| Metric | Jacksonville Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $322,005 | $293,727 | $242,182 |
| Median Household Income | $118,080 | $71,865 | $78,145 |
| Price-to-Income Ratio | 2.7 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Jacksonville Beach rose about 19.8%, while median household income rose about 90.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Jacksonville Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 57.1% | 58.2% |
| Rental Rate | 26.9% | 27.7% | 31.3% |
| Vacancy Rate | 14.8% | 15.2% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Jacksonville Beach has a homeownership rate of 58.4%, higher than the Florida average of 57.1%. Its housing vacancy rate is 14.8%, compared with 15.2% in Florida.
Housing Stock
| Metric | Jacksonville Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.16 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1982 | 1987 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in Jacksonville Beach was built around 1982. On average, 2.2 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jacksonville Beach, Florida.
What is the median home price in Jacksonville Beach, Florida?
The median home price in Jacksonville Beach, Florida is $322,005, higher than the Florida average of $293,727.
What is the average home price in Jacksonville Beach, 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 Jacksonville Beach, Florida?
The median gross rent in Jacksonville Beach, Florida is $1,866 per month, higher than the Florida average of $1,564.
What was the median gross rent in Jacksonville Beach in 2020?
In 2020, the median gross rent in Jacksonville Beach, Florida was $1,531 per month.
What is the price-to-rent ratio in Jacksonville Beach, Florida?
The price-to-rent ratio in Jacksonville Beach, Florida is about 14.4, meaning it would take roughly 14.4 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 Jacksonville Beach.
Are home prices or rent rising faster in Jacksonville Beach, Florida?
Both home prices and rent are rising in Jacksonville Beach, up about 12.3% and 7.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jacksonville Beach, Florida?
58.4% of households in Jacksonville Beach, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Jacksonville Beach, Florida?
The housing vacancy rate in Jacksonville Beach, Florida is 14.8%, lower than the Florida average of 15.2%.