Jacksonville appreciation rates and housing market information

Jacksonville housing market information

With 66,751 people, 18,352 houses or apartments, and a median cost of homes of $168,323, Jacksonville real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Jacksonville, accounting for 55.57% of the city's housing units. Other types of housing that are prevalent in Jacksonville include row houses and other attached homes (18.01%), duplexes, homes converted to apartments, or other small apartment buildings (10.96%), large apartment complexes or high rise apartments (9.56%), and a few mobile homes or trailers (5.90%).

The most prevalent building size and type in Jacksonville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 37.06% owning, and 56.75% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jacksonville's housing was primarily built during this period, from the '40s through the '60s. A full 48.56% of the city's housing hails from this era. Other housing ages represented in Jacksonville include homes built between 1970-1994 (43.13%), and housing constructed from 1995 and later (6.96%). There's also some housing in Jacksonville built between 1939 and earlier (1.35%).

Jacksonville home appreciation rates

Appreciation rates for homes in Jacksonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.59%, which ranks in the top 40% nationwide. This equates to an annual average Jacksonville house appreciation rate of 8.35%.

NeighborhoodScout's data show that during the latest twelve months, Jacksonville home appreciation rates, at 1.25%, have been at or slightly above the national average. In the latest quarter, Jacksonville's appreciation rate has been 2.78%, which annualizes to a rate of 11.12%.

Importantly, this makes Jacksonville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Carolina, our data show that Jacksonville's latest annual appreciation rate is higher than 27% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jacksonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jacksonville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Jacksonville real estate investment or home purchase decisions.