Jacksonville Real Estate Market Overview
Average Monthly Rent:
$1,098
Percentage Change in Home Price/Value:
6.4%
Median Home Value:
$178,300
Best Time To Sell Home:
December
Affordability Index:
148.3
Days To Sell House:
71.583
Job Market:
Fair
Public School Ranking:
26
Location and Weather
Jacksonville is in the northeast corner of Florida. Situated on the beautiful St. Johns River, Jacksonville is known as the "City of 7-Bridges" crisscrossing along the St. Johns River. The bridges are vital to connecting the widely spread out city. It’s home to the University of North Florida (UNF) with 14,255 students on a forested 1,300 acres. It’s also where the Jacksonville Jaguars Pro football team trains and plays at their huge stadium complete with swimming pools in the north end zone. Jacksonville beach is nearby with a beautiful wide beach and unlimited water sports.
Jacksonville has a more northern climate than South Florida but still gets very warm in the summer. From June through October the high temperatures are in the 90’s and the low temperatures are in the mid-70’s. During the cooler months of November through May, the high temperatures are in the mid 60’s to low 70’s and the evening lows can get down to 42 degrees.
Population, Job Market and Cost of Living
Jacksonville has the largest population of any city in Florida. The population in 2018 was 903,889. The job growth has increased 2.8% over last year. The 10-year future predicted job growth is 44.4%. Jacksonville is home to four Fortune 500 companies, more than 20 hospitals, 13 of Forbes Global 500 companies and a growing bioscience community. The cost of living is moderate due to the Jacksonville real estate market and availability of moderately priced housing.
With the St. Johns River, lakes and nearby ocean, growing job market, sports and cultural activities, growing housing market and moderate cost of living, Jacksonville will continue to attract newcomers who want the vibrancy of a city with a Florida beach lifestyle.
