2023 Housing Market Overview
Jacksonville Real Estate Market 2023
Jacksonville Real Estate Market Overview
Metro Population: 1.6 M
Median Household Income:$56,000
Median Home Price*:$353,756
Median Monthly Rent*:$1,743
Interested in investing in the Jacksonville real estate market in 2023? On this page you’ll learn about housing market trends and statistics to help you make that decision.
Jacksonville is the largest city in Florida, and the third largest city by area in the contiguous United States. It is home to over 900,000 people and serves as the county seat of Duval County.
Jacksonville’s location on Florida’s Atlantic coast makes it a popular destination for tourists, who come to visit its beaches and world-class golf courses. The city boasts numerous military bases as well as an international trade seaport.
In the past decade, Jacksonville has seen an influx of businesses and has become a center for healthcare, bioscience and technology. In fact, Jacksonville has been consistently ranked as one of the best cities for real estate investors. This is because of a combination of low prices, high rental rates and high appreciation rates.
In the past ten years, Jacksonville’s population has increased by almost 16%. Currently there are over 1.5 million people living in this area and more continue to move here every year. In fact, Jacksonville’s population has been steadily increasing at a rate of over 2% per year, and its workforce has been expanding at twice the national average.
Jacksonville Housing Market Trends
Jacksonville Real Estate Market Trends & Statistics 2023
In Jacksonville, rising home prices have slowed somewhat. Still, the average price for a home is not expected to fall anytime soon, which has many hopeful homeowners resigned to renting for the time being.
The Jacksonville real estate market offers several advantages, including affordability, rental income, cash flow and equity growth potential. Explore the tabs to learn more about the Jacksonville housing market, population, and employment trends.
Major Employers in Jacksonville
- "One of 10 US cities where buying a home is a good deal right now" - Business Insider
- "Jacksonville shows Florida’s real estate heat" - Globest
- "Investor home purchases up by 40% YOY in Q2 of 2022" - Redfin
- "#1 Hottest Real Estate Market to Watch in 2017" - Forbes
- "#5 in America’s Fastest Growing Cities in 2017" - Forbes
- "#7 Best City for Future Job Growth" - Forbes
- "#8 Biggest US City with Fastest-Growing Economy" - Forbes
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