Home Values in Jacksonville, Florida — 2026 Market Report
Updated March 2026 | Seller's Market | +7.8% YoY
The median home value in Jacksonville, Florida is $305,000 as of March 2026, which is below the national median of $400,000. Home values in Jacksonville have increased by 7.8% over the past year and 45.6% over the last five years. With a population of 949,611 and a median household income of $55,530, the price-to-income ratio stands at 5.5x, making Jacksonville affordable for the average household.
Jacksonville Housing Market Conditions
| Metric | Jacksonville | National Avg |
|---|---|---|
| Median Home Value | $305,000 | $400,000 |
| YoY Appreciation | +7.8% | +3.8% |
| 5-Year Appreciation | +45.6% | +22.4% |
| Price per Sq Ft | $135 | $222 |
| Days on Market | 29 days | 45 days |
| Months of Supply | 2 | 3.5 |
| List-to-Sale Ratio | 101.3% | 98.5% |
| Monthly Homes Sold | 695 | — |
| Foreclosure Rate | 0.18% | 0.3% |
Home Value Trends in Jacksonville
A homeowner who purchased at the median price of $209,478 five years ago in Jacksonville would have gained approximately $95,522 in equity, representing a 45.6% return on investment. Over the past year alone, the typical homeowner gained $22,069 in home equity.
Affordability in Jacksonville, FL
With a median household income of $55,530 and a median home price of $305,000, the price-to-income ratio in Jacksonville is 5.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,402 compared to estimated monthly ownership costs of $1,668 gives a rent-vs-buy ratio of 0.69. In Jacksonville, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Jacksonville
The effective property tax rate in Florida is 0.86%. On a home valued at $305,000, the estimated annual property tax bill is $2,623, or approximately $219/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Jacksonville is 96.2 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Jacksonville, FL?
The median home value in Jacksonville, Florida is $305,000 as of March 2026. Home values have changed +7.8% over the past year, with a 5-year appreciation of 45.6%.
Is Jacksonville a buyer's or seller's market?
Jacksonville is currently a seller's market with 2 months of housing supply. Homes spend an average of 29 days on market, and the list-to-sale price ratio is 101.3%. Low inventory gives sellers an advantage.
Are home values going up in Jacksonville?
Yes, home values in Jacksonville have increased by 7.8% over the past year. The 5-year appreciation rate is 45.6%, meaning a home worth $209,478 five years ago is now worth $305,000.
Is it better to rent or buy in Jacksonville?
The average monthly rent in Jacksonville is $2,402, while estimated monthly homeownership costs are approximately $1,668. The price-to-rent ratio is 10.6. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Jacksonville, Florida is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.