JACKSONVILLE Real Estate Outlook
The combination of river and ocean makes Jacksonville unique as a major southern city, its low cost of living, great schools, close proximity to the ocean, and incredible year-round weather make it a paradise.
From the point of view of commercial and industrial development, it has industrial ports for large companies, an international airport, an NFL team, great city shows and concerts. With a budding population of 1.4 million, there is a lot of growth on the way.
Jacksonville's beaches have historically been a market for a second home for families from Northern States and also for retired older adults, all of which have fueled continued commercial development. The last 5-8 years, Jax is getting
momentum and has changed rapidly as families across the country discover lifestyle and affordability.
Jacksonville has a higher real estate appreciation than the national average, but it is still below the national average in home prices and homeowners allocate 9.8% of their income to mortgages compared to 16.3% nationally. This allows for an abundance of growth.