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
With 903,889 people, 333,866 houses or apartments, and a median cost of homes of $201,887, Jacksonville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Jacksonville, accounting for 60.60% of the city's housing units. Other types of housing that are prevalent in Jacksonville include large apartment complexes or high rise apartments ( 23.78%), duplexes, homes converted to apartments or other small apartment buildings ( 5.79%), and a few mobile homes or trailers ( 4.94%).
The most prevalent building size and type in Jacksonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.76% owning and 45.24% renting.
There is a lot of housing in Jacksonville 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 built between 1940-1969 ( 26.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.29%). There's also some housing in Jacksonville built before 1939 ( 5.23%).
Vacant housing appears to be an issue in Jacksonville. Fully 11.98% 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.
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 48.47%, which ranks in the top 30% nationwide. This equates to an annual average Jacksonville house appreciation rate of 4.03%.
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 5.82%, which is higher than appreciation rates in 78.22% 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 0.29%, which equates to an annual appreciation rate of 1.16%.
Notably, Jacksonville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Jacksonville'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 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.
|$985,001 - $1,314,000||1.0|
|$657,001 - $985,000||2.1|
|$525,001 - $657,000||2.4|
|$394,001 - $525,000||6.4|
|$262,001 - $394,000||18.8|
|$131,001 - $262,000||37.9|
|$66,001 - $131,000||20.3|
|$0 - $66,000||10.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Jacksonville HOMES|
|2000 or Newer||24.3|
|1970 - 1999||43.7|
|1940 - 1969||26.7|
|1939 or Older||5.2|
|TYPE OF Jacksonville HOMES|
|Small Apt. Buildings||5.8|
|SIZE OF Jacksonville HOMES|
|5 or more bedrooms||2.70|