Jacksonville, Florida Housing Market Prices
Jacksonville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 20% below the Florida median$247,980
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Median rent 12% below the Florida median$1,464
Housing Market Overview
| Metric | Jacksonville | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $247,980 | $311,338 | $248,835 |
| Price Trend (Annual %) | 13.3% | 11.2% | 7.5% |
| Median Gross Rent | $1,464 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jacksonville is about 20% lower than in Florida. Rent is about 12% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Jacksonville, up about 13.3% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Jacksonville rose about 56.7% between 2015 and 2024, from $935 to $1,464. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Jacksonville.
Buying the median-priced home in Jacksonville costs roughly 14.1 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. The price-to-rent ratio in Florida is about 15.6.
| Metric | Jacksonville | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $247,980 | $311,338 | $248,835 |
| Median Household Income | $70,144 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.5 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jacksonville rose about 156.5%, while median household income rose about 38.9% between 2009 and 2025 — 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 | Jacksonville | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.8% | 57.7% | 58.5% |
| Rental Rate | 38.8% | 27.7% | 31.2% |
| Vacancy Rate | 8.5% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Jacksonville has a homeownership rate of 52.8%, lower than the Florida average of 57.7%. Its housing vacancy rate is 8.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | Jacksonville | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Jacksonville was built around 1985. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Jacksonville, FL Housing Compared With Nearby Cities
How Jacksonville, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Jacksonville, FL | 981,405 | $247,980 #2/2 | $1,464 #2/2 | 57.6% #2/2 |
| Lakeside, FL | 29,908 | $335,125 | $1,486 | 69.3% |
Frequently Asked Questions
Common questions about the housing market in Jacksonville, Florida.
What is the median home price in Jacksonville, Florida?
The median home price in Jacksonville, Florida is $247,980, lower than the Florida average of $311,338.
What is the average home price in Jacksonville, Florida?
The typical home price in Jacksonville, Florida, reported as the median sale price, is $247,980. 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, Florida?
The median gross rent in Jacksonville, Florida is $1,464 per month, lower than the Florida average of $1,668.
What was the median gross rent in Jacksonville in 2020?
In 2020, the median gross rent in Jacksonville, Florida was $1,088 per month.
What is the price-to-rent ratio in Jacksonville, Florida?
The price-to-rent ratio in Jacksonville, Florida is about 14.1, meaning it would take roughly 14.1 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.
Are home prices or rent rising faster in Jacksonville, Florida?
Both home prices and rent are rising in Jacksonville, up about 13.3% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jacksonville, Florida?
52.8% of households in Jacksonville, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Jacksonville, Florida?
The housing vacancy rate in Jacksonville, Florida is 8.5%, lower than the Florida average of 14.6%.
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