Jacksonville, FL
Duval County · Pop. 985,843
Ranked #96 of 243 cities
44Moderate
Median Home Price
🏠$320K
4.5% YoY
Median Rent
🔑$1,450
3.5% YoY
Median Income
💰$58K
Rent Burden
📊32.0%
% of income to rent
Income to Buy
🏦$92K
annual income needed
Income to Rent
📝$58K
annual income needed
Price-to-Income
⚖️5.5x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$1,703/mo
Est. mortgage (7%, 20% down)
Need $92K/yr income
Rent
$1,450/mo
Median rent
Need $58K/yr income
How Jacksonville Compares
| Metric | Jacksonville | Florida | National |
|---|---|---|---|
| Home Price | $320K | $381K | $410K |
| Rent | $1,450 | $1,719 | $1,500 |
| Income | $58K | $73K | $75K |
| Rent Burden | 32.0% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in Jacksonville are 22% lower than the national average.
- • Rent is 3% lower than the national average.
- • You need an income of $92K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.