Jacksonville real estate market overview
- Average Monthly Rent: $1,411
- Home Price/Value Percentage Change: 18.5%
- Median Home Value: $275,000
- Best Time To Sell a Home: December
- Affordability Index: 132
- Days To Sell a 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.
Jacksonville real estate market details
- Julington Creek
- San Marco
- Bartram Park
There has been a 18.5% increase in Jacksonville's median home value over the last year. As of 2022, the median home value is $275,000.
On average, homes in Jacksonville sell after 53 days on the market.
Selling a home in the month of December can provide homeowners with the highest valued sale. Selling during the month of August can provide the quickest sale.
The affordability index in Jacksonville is 132. This number indicates high affordability in this city.
The top ranked public schools are Julia Landon College Preparatory & Leadership Development School, John Stockton Elementary School, James Weldon Johnson College Preparatory Middle School. This information is based on the school's combined math and reading proficiency data in testing.
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