Greater Jacksonville, FL Home Buying Guide

Planning a move to Greater Jacksonville, FL? Our home buying guide gives you unparalleled data on the area, so you can make an informed decision.


Average House Prices in Greater Jacksonville

Home budget is probably the most important factor in deciding where to live in any area. The average median price for a city in the Jacksonville area is $507.87k, compared to a national median sale price of $428.7k. This, of course, makes this area more expensive than average, so most families in the Jacksonville area will want to the price of the city they live in into consideration.

Your Budget

Before deciding where to live, it will be helpful to have a range in mind for your home budget, and to look for a city whose median home price is close to that range. Our Buying Power calculator (based on a 30-year fixed-rate mortgage) can help you decide what your budget should be.

The median household income in the Jacksonville area is $61,183 so we've set up our calculator to start out showing the budget caculation for a hypothetical family with this income.

How much do you make?
Annual Income
Your total household income, pre-tax.
How much do you have saved?
The total amount in cash and investments that you have available to use for your down payment.
What’s your credit score, roughly?
Your credit score affects the interest rate you'll pay on your mortgage, with a higher score often meaning a lower rate.

Your buying power is

$255k - $282k
What you're paying monthly
$872 + $319 /mo
Where your money is going (monthly payment breakdown)
Principal & interest
$872
Property Taxes
$198
Homeowner's Insurance
$120
Monthly HOA Fee
$0
Like what you see? You can get prequalified for a home loan at this amount in just under 3 minutes! We'll make it easy. We promise.
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Median price by city

Let's compare this budget as shown by the dotted line to the median prices in each major neighborhood and county in the Jacksonville area:

Median price by county

Market Conditions

Seller's Markets

This maps shows zipcodes where there's been a “seller's market” in real estate over the last few months according to ZeroDown data. That means homes have been selling quickly, getting a lot of offers, and selling for above list price. The redder the area on the map, the hotter the market has been for sellers.

This can give you some idea of the level of competition you'll face as a buyer. It's often frusterating to be a buyer in a seller's market, since you may get outbid. On the other hand, it can be some indication that you are buying into an area that will be desirable going forward and therefore a good investment.

Homes sold in hot markets

Looking at volume in homes sold per 100k population gives an another view of the market conditions near Jacksonville. While high sales volume is often a indicator of a seller's market, it's not a strict relationship, since sales numbers are an indication both of supply and of demand. In the last few months, however, the relationship has held true to a significant degree in the Jacksonville area.

Are homes in Greater Jacksonville a good investment?

Price Growth

Price Growth in the Last Year

Price Growth vs Distance to Jacksonville

Prices have grown by 13.7% in the average city in the Jacksonville area over the last year, which is a smaller increase than the national average of about 20%. Things were fairly even in the last year between inner and outer suburbs, without a clear relationship between driving time to Jacksonville and price growth.

Price Growth in Expensive Cities

This chart gives shows where prices are high near Jacksonville, and where they are increasing (or falling) the most. Often, less expensive areas get more expensive when a city is growing, whereas more expensive areas get more expensive in a hot national housing market. This year, price gaps got even wider as more expensive cities had higher price growth than the less expensive ones.

Rental Income

Rent and Home Price

Average median rent in the Jacksonville area is $1.25k. As you would expect, rents and sale prices have a strong correlation in the Jacksonville area. The ratio between the value of a home and the amount that can be made by renting it is a strong indicator of how good an investment the home is as a rental property. Thus, cities above the dotted line in this plot may be more attractive for this purpose than those below.

Percent of Renters

On average, 27.6% percent of people in Jacksonville cities rent. In the plot above, we see the both where rents are high and where more people tend to rent near Jacksonville. This is actually (perhaps surprisingly) a negative relationship not only here but in almost all metro areas, because people are more likely to rent in poorer areas, and in areas with younger people without families, who tend to rent smaller and cheaper homes.

Commute Times

This map visualizes commute time by car to Jacksonville, with areas that have shorter commutes shown in green and longer commutes shown in orange.

Driving Time to Jacksonville

Surprisingly, homes near Jacksonville tend to cost slightly less near Jacksonville, suggesting that home prices in this region aren't driven by commute times. A home that's a 10 minute drive closer will tend to cost about $0.29 less per square foot.

Driving Time to Daytona Beach

Commute time to Daytona Beach also isn't a big factor for home prices in the Jacksonville area, but it does have some influence. A home which is 10 minutes closer to Daytona Beachwill sell for about $1 more per square foot on average.

What part of Greater Jacksonville has the best schools?

School Quality vs Price

Though there is a strong relationship between school quality and home price in most metro areas in the country, this doesn't seem to hold in the Jacksonville area. In fact, the opposite seems to be true. Homes are $86.92k cheaper on average for every one step up in grade (e.g. from a B to a B+).

School Quality vs Distance to Jacksonville

In many metro areas, there is a trade-off between school quality and proximity to the urban center, but near Jacksonville, there actually isn't a very clear relationship between proximity to Jacksonville and school quality. Overall, the average letter grade for schools in the Jacksonville area is a C+ . This below the national average for metro areas which is in the a B to B- range.

Demographics in Greater Jacksonville

Population Density

This map gives an idea of where most of the people near Jacksonville live. Darker areas correpond to higher population densities. Population density one of the most important factors for showing the type of place a city or neighborhood is, since it relates both to the home size and lot size of the typical home in a the area, and the availability and density of homes, businesses, schools, roads, transit, and almost everything else.

Age vs Income

Since most people tend to earn more money as they progress in their careers, in most areas of the country, there's a strong relationship between the average age of a given city and its average income, but this relationship doesn't really hold in the Jacksonville area. Being above the dotted line in this graph can be taken as a sign of prosperity relative to this region as a whole.

Families

Many people with kids will naturally want to live in cities where other families are living. We can get a sense of which cities near Jacksonville these are by looking both at the number of people younger than 14, and the average houshold size. Cities towards the top right of this graph are the ones where many of your neighbors will be raising families, whereas towards the lower left are the cities with the most single people and couples without kids.

Most walkable places to live in Greater Jacksonville

This map shows the walkable zip codes in the Jacksonville, with the more walkable neighborhoods shown in darker colors of green.

Walk Score vs Density

Denser cities tend to have a significant advantage in walkability just because things tend to be closer together. But, there are many other factors like the presence of mixed-use neighborhoods rather than purely residential neighborhoods and the existence of sidewalks that contribute to walkability.

People Without Cars

Another way to look at walkability is to ask how many people in a given city actually manage to get by without a car. The plot above shows two different ways of measuring this, showing the percent of households near Jacksonville with a vehicle on the X axis, and the percent of commuters who drive to work alone on the Y axis. The cities towards the lower left of this plot can be considered most walkable by these measures.

Greater Jacksonville Political Map

This map shows the precint-level voting results in the Jacksonville area for the 2020 presidential election, with darker redder areas voting more for Trump, and darker blue ares voting more for Biden. You can see above your potential neighbors voted at a very granual level by zooming in.

Trump Vote vs Distance to Jacksonville

The general pattern in American metro areas is that the city center is blue, and the suburbs get redder and redder as you go out away from it. This relationship doesn't hold however in the Jacksonville area, perhaps reflecting that Jacksonville isn't quite a typical urban center. In any case, if you care about the political alignment of the community you're thinking of moving to, you may want to find it on the graph above.

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