2021 Housing Market Overview
Jacksonville Real Estate Market 2021
Jacksonville Real Estate Market Overview
Metro Population: 1.5 M
Median Household Income:$59,000
Median Home Price*:$240,000
Median Monthly Rent*:$1,379
Interested in investing in the Jacksonville real estate market in 2021? On this page you’ll learn about housing market trends and statistics to help you make that decision.
Located on the eastern coast of Florida, Jacksonville lines both banks of the St. Johns River – the longest river in Florida and also one of only two rivers in North America that flows north instead of south.
In the past 10 years, the Jacksonville metro area has grown by almost 16%. To date, there are over 1.5 million people living in this area and more continue to come 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.
There are many factors that explain this growth. First, Jacksonville is the only Florida city that is home to four Fortune 500 companies. The region also has a world-class health care system, with more than 20 hospitals and a growing bioscience community. Additionally, 13 of Forbes Global 500 have operations in Jacksonville.
With a cost of living below the national average, wonderful climate and business-friendly environment, we believe Jacksonville is one of the best real estate markets in the country.
More To Love About Jacksonville
- The population in Jacksonville has grown nearly 16% in population since 2010, which is higher than both Miami and Tampa.
- Future job growth in Jacksonville is predicted to be around 40% over the next 10 years.
- The expansion of the Panama Canal is helping to bring jobs into the Jacksonville area ports, which is likely to lead to even more population growth.
- The Jacksonville metro also has a world-class health care system with more than 20 hospitals and a growing bio-science community.
Jacksonville Housing Market Trends
Jacksonville Real Estate Market Trends & Statistics 2021In this section, you’ll learn about the top factors that make Jacksonville one of the strongest real estate markets of 2021, including affordability, rental income and cash flow, and equity growth potential. Explore Jacksonville’s housing market, population, and employment trends in the tabs to learn more.
Major Employers in Jacksonville
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