Jacksonville, FL (32220) is an attractive city for homeowners and real estate investors alike. According to the data given, the median value of housing in Jacksonville is currently $288,000 – well below the national median of $338,100. This makes it one of the more affordable cities in which to buy a home. Furthermore, house appreciation in Jacksonville has been extraordinary over the last year at 16.20%, nearly double that of the US average at 8.27%. This means that buying a home now will likely result in strong returns on investment if you choose to sell it later. All things considered, investing in housing in Jacksonville is a wise decision for those looking to grow their wealth over time.
The median home cost in Jacksonville (zip 32220) is $288,000. Home appreciation the last 10 years has been 160.2%. Home Appreciation in Jacksonville (zip 32220) is up 24.7%.
Average Age of Homes
- The median age of Jacksonville (zip 32220) real estate is 30 years old
The Rental Market in Jacksonville (zip 32220)
- Renters make up 17.3% of the Jacksonville (zip 32220) population
- 0.9% of houses and apartments in Jacksonville (zip 32220), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.