Jacksonville Real Estate Market Overview
Average Monthly Rent:
$1,411
Percentage Change in Home Price/Value:
18.5%
Median Home Value:
$275,000
Best Time To Sell Home:
December
Affordability Index:
132
Days To Sell House:
53
Job Market:
Fair
Public School Ranking:
18
Location and Weather
Jacksonville rests on the Atlantic coast of Florida, and is the most populous city in the state. Seated in Duval County, Jacksonville’s geographical layout is composed of wide-stretch beaches, over 80,000 acres of national parks, a lively downtown, and up to 40 miles of waterway.
This city’s subtropical climate gives residents and visitors’ mild winters and humid summers, with frequent thunderstorms.
Population, Job Market and Cost of Living
Jacksonville has a significant population of 938,717, with a growth rate of 0.98% annually. The job market has increased by 2.8% over the last year. In ten years, the growth rate is predicted to be 44.4%. Known as the biggest little city in the South, residents also describe Jacksonville as a safe and progressive city to live in. Jacksonville attracts the likes of many young professionals and families, considering it is home to Flagler College, Edwards Water College and the University of North Florida.
Aside from education, industries such as manufacturing, aviation, finance, information technologies and life sciences are also core contributors to Jacksonville’s economy. This city is an affordable place to live, especially in comparison to its neighboring Floridian cities.