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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 23,515 people, 10,655 houses or apartments, and a median cost of homes of $654,335, Jacksonville Beach house prices are not only among the most expensive in Florida, Jacksonville Beach real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Jacksonville Beach, accounting for 51.28% of the city's housing units. Other types of housing that are prevalent in Jacksonville Beach include large apartment complexes or high rise apartments ( 32.40%), duplexes, homes converted to apartments or other small apartment buildings ( 10.72%), and a few row houses and other attached homes ( 5.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jacksonville Beach. Owner-occupied housing accounts for 66.65% of Jacksonville Beach's homes, and 58.32% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Jacksonville Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Jacksonville Beach built between 2000 and later ( 27.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.20%). There's also some housing in Jacksonville Beach built before 1939 ( 3.71%).
Vacant housing appears to be an issue in Jacksonville Beach. Fully 13.72% of the housing stock is classified as vacant. Left unchecked, vacant Jacksonville Beach homes and apartments can be a drag on the real estate market, holding Jacksonville Beach 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.
In the last 10 years, Jacksonville Beach has experienced some of the highest home appreciation rates of any community in the nation. Jacksonville Beach real estate appreciated 172.90% over the last ten years, which is an average annual home appreciation rate of 10.56%, putting Jacksonville Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jacksonville Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Jacksonville Beach that despite a nationwide downturn in the housing market, Jacksonville Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jacksonville Beach appreciation rates continue to be some of the highest in America, at 19.62%, which is higher than appreciation rates in 96.64% 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 Beach. Jacksonville Beach appreciation rates in the latest quarter were at 3.09%, which equates to an annual appreciation rate of 12.94%.
Importantly, this makes Jacksonville Beach 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 Florida, our data show that Jacksonville Beach's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jacksonville Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jacksonville Beach - 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 Beach real estate investment or home purchase decisions.
$654,335
for Florida
for nation
10,655
$3,366 / per month