Property Makler
Advanced analytics for residential real estate investing

Jacksonville, FL housing market

Housing market indicators

Indicator	2022	2023	2024	2025*	2022	2023	2024	YTD
Median Listing Price per Square Feet	$214	$224	$219	$215	5.9%	4.7%	-2.2%	-1.8%
Active Listing Count	5,804	5,951	8,138	8,828	142.4%	2.5%	36.8%	8.5%
Median Days on Market	64	61	78	76	33.3%	-4.7%	27.9%	-2.6%
Share of listings with price increase	2.3%	2%	2%	1.5%
Share of listings with price decrease	16%	20.1%	24.6%	26.5%
Employees, thousands	789	806	820	812	3.2%	2.2%	1.7%	-1%
Permits	1,616	1,480	1,064	1,343	0.3%	-8.4%	-28.1%	26.2%

* last available value

Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED

The Jacksonville Metropolitan Statistical Area (MSA) includes Duval, Clay, Nassau, St. Johns, and Baker counties, with a 2020 census population of 1,605,848 and 2023 estimate of 1,713,240.
Core city of Jacksonville in Duval County has a 2025 population projection of approximately 1,009,833 to 1,024,000, growing at 1.4-1.65% annually.
Key geographic regions: Urban core (Downtown Jacksonville), beach communities (Atlantic Beach, Jacksonville Beach in St. Johns County), suburbs (Orange Park in Clay County), rural outskirts (Baker County).
MSA spans Northeast Florida's First Coast, featuring coastal areas, rivers (St. Johns River), and inland growth zones.

Area	City/Town	Population	Density	Income (High/Low/...)	Quality of Schools (GreatSchools rating range)	Crime Level	Property Tax (%)	Comments
Urban Core	Jacksonville (Downtown)	6,290 (neighborhood)	High urban	Median $66,981 household	4-7	Moderate-high	0.89% (Duval millage)	Diverse, revitalizing with new developments targeting 13,000 residents by 2030
East Suburbs	East Arlington	17,770	Medium	Above median	6-9	Low-moderate	0.89%	Family-friendly, growing residential
South Suburbs	Sandalwood	17,720	Medium-high	Median	5-8	Moderate	0.89%	Convenient to highways, mixed housing
Beach Region	Jacksonville Beach (St. Johns)	~24,000	Medium	High	8-10	Low	0.77% (St. Johns)	Premium coastal living, tourism-driven
West Suburbs	Orange Park (Clay)	~9,000	Medium	Above median	7-9	Low	0.85% (Clay)	Affordable suburbs, military proximity (NAS Jacksonville)
North Rural	Fernandina Beach (Nassau)	~13,000	Low	High	7-9	Very low	0.82% (Nassau)	Historic coastal, retiree appeal
Inland Rural	Macclenny (Baker)	~7,000	Low	Low-median	5-7	Low	0.90% (Baker)	Agricultural, low-cost housing

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Median household income in Jacksonville: $66,981; per capita income: $45,996; poverty rate: 15.03%.
MSA average age: 36.3 years, relatively young demographic supporting workforce growth.
Racial diversity: White 51-53%, Black/African American 30%, Multiracial 8-10%, Asian 5%.
Net migration of 5,310 college-educated residents in 2023, boosting skilled workforce.
52% of households are married couples; average household size: 2.4 persons.
Education levels rising with population growth; favorable for professional influx due to affordable living and no state personal income tax.

Financial services: Major hub with banks and fintech, driving white-collar jobs.
Logistics and port operations: Jacksonville Port is top U.S. container port by volume.
Healthcare and biotech: Expanding hospitals and research facilities.
Military: NAS Jacksonville and bases in Clay/Nassau counties support 50,000+ jobs.
Distribution and manufacturing: Warehousing boom from e-commerce.
Tourism and real estate: Coastal areas fuel seasonal and retiree economy.
Economy projected to grow 11% from 2023-2028, ranking 3rd nationally.

Zoning openness: Duval County moderately permissive for single-family and multifamily; St. Johns stricter on coastal builds.
Regulatory strictness: Hurricane codes increase costs 10-15%; permitting delays average 6-12 months in urban core.
Construction workforce cost: Labor shortage post-2022 boom raises costs 20% above national average; skilled trades median wage $55,000.
New supply: 15,000+ units permitted 2023-2025, focused on suburbs and beach areas.
Land availability: Abundant inland (Baker/Clay), limited coastal due to flood zones.
Inventory low at 2.5 months supply in 2025, constraining market.

Net in-migration: +16,365 city residents 2023-2024; metro +37,572 in 2023; ranks top 15 U.S. cities for growth.
Growing industries: Logistics (+12% jobs 2020-2024), fintech (+15%), healthcare (+10%).
Declining: Traditional manufacturing (-5%), offset by distribution gains.
Remote workers and retirees drawn to no income tax, beaches; young professionals for affordability vs. Miami/Tampa.
Population up 5% metro 2020-2022, 20% decade-long; 103 daily new residents.

Inventory shortage: 2-3 months supply drives median prices to $320,000, up 8% YoY.
Affordability gap: Rising insurance (hurricane risk) adds $3,000/year; 30% of income on housing for median buyers.
Flood and climate risk: 30% properties at risk, slowing financing and insurance availability.
Labor shortages delay builds; material costs up 15% from inflation.
Urban-rural divide: Core crime/mixed schools deter families; suburbs strain infrastructure.
Interest rates at 6-7% cool demand but sustain prices via low supply.

Area	Appreciation Potential	Risk	Key Drivers
Beach Region (St. Johns: Jax Beach, Ponte Vedra)	High	Medium (Flood/Insurance)	Tourism growth, high incomes, top schools; 10-12% YoY appreciation
East Suburbs (Arlington, Mandarin)	High	Low	In-migration, new builds, family demand; 8-10% potential
Urban Core (Downtown, Riverside)	Medium-High	Medium (Crime/Revitalization)	Development boom, young professionals; 7-9% with office conversion
West Suburbs (Clay: Orange Park)	Medium	Low	Military stability, affordability; steady 5-7%
North Rural (Nassau)	Medium	Low-Medium	Retiree influx, low density; 6% balanced growth
Inland Rural (Baker)	Low	Medium (Economic lag)	Low demand, ag focus; 2-4% or flat