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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Jacksonville, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jacksonville, NC Housing Market Trends

With a population of 70,420, 22,089 total housing units (homes and apartments), and a median house value of $217,731, house prices in Jacksonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Jacksonville, accounting for 46.00% of the city's housing units. Other types of housing that are prevalent in Jacksonville include large apartment complexes or high rise apartments ( 22.18%), row houses and other attached homes ( 21.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.27%).

Renters dominate Jacksonville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

Jacksonville homes and real estate are some of the newest in America. 40.62% of Jacksonville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Jacksonville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.85%), and between 1940-1969 ( 22.95%).

Vacant housing appears to be an issue in Jacksonville. Fully 11.51% of the housing stock is classified as vacant. Left unchecked, vacant Jacksonville homes and apartments can be a drag on the real estate market, holding Jacksonville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Jacksonville Home Appreciation Rates

Real estate appreciation rates in Jacksonville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.10% during the period.

Appreciation rates are so strong in Jacksonville that despite a nationwide downturn in the housing market, Jacksonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jacksonville appreciation rates continue to be some of the highest in America, at 14.45%, which is higher than appreciation rates in 99.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jacksonville. Jacksonville appreciation rates in the latest quarter were at 3.55%, which equates to an annual appreciation rate of 14.98%.

Importantly, NeighborhoodScout’s exclusive research found that Jacksonville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 90% 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 2000, to assist you in making the best Jacksonville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$217,731

Jacksonville, NC Home Prices
> $1,486,000
$1,114,001 - $1,486,000
$743,001 - $1,114,000
$594,001 - $743,000
$446,001 - $594,000
$297,001 - $446,000
$149,001 - $297,000
$74,001 - $149,000
$0 - $74,000
1.0%
1.0%
0.7%
0.7%
0.5%
0.5%
1.6%
1.6%
4.4%
4.4%
19.6%
19.6%
59.2%
59.2%
8.8%
8.8%
4.3%
4.3%
0% 100.0%
% of Homes
Low

for North carolina

Low

for nation

Number of Homes And Apartments:

22,089

Jacksonville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,087 / per month

Homeownership Rate

Owners
Renters
26.4%
26.4%
73.6%
73.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.5%
11.5%
88.5%
88.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.6%
40.6%
35.9%
35.9%
23.0%
23.0%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
46.0%
46.0%
21.5%
21.5%
7.3%
7.3%
22.2%
22.2%
3.0%
3.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
7.5%
7.5%
28.6%
28.6%
48.2%
48.2%
12.9%
12.9%
1.2%
1.2%
0% 100.0%
% of Homes