Trends and Statistics of Jacksonville 2018-2019

In this section you will learn about the key factors that make Jacksonville one of the most powerful real estate markets in 2017, including: reasonableness, rental income and cash flow and equity growth potential. Check out Jacksonville's housing, population and employment trends in the tabs to learn more.

Sources of information :

• https://www.zillow.com/jacksonville-metro-fl_r394714/home-values/
• Real Affiliate Data of a Real Wealth Network
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/florida/jacksonville/

Jacksonville real estate prices are cheaper than in many other US cities today.

• In January 2018 the median price of 3-bedroom homes in Jacksonville was $ 171,000. This is 15% lower than the $ 202,000 national average.
• In neighborhoods where RWN members invest, the median price of 3-bedroom homes in Jacksonville was $ 141,000 in January 2018. This is 30% lower than the $ 202,000 national average.
• This shows us that property values ​​in Jacksonville are cheaper than many other cities in the US today. This is especially true in neighborhoods where RWN members invest.

In some Jacksonville neighborhoods a strong monthly income can be generated.

• In January 2018 the median monthly rental of 3 bedrooms in Jacksonville was $ 1,200, which is 0.72% of the median purchase price of $ 171,000. This is slightly higher than the national purchase and rent ratio of 0.71%.
  In neighborhoods where RWN members invest the median monthly rent for 3-bedroom homes was $ 1,150 in January, which is 0.82% of the $ 141,000 purchase price.
• This shows us that the Jacksonville Metro area offers investors the opportunity to generate more rental income from many cities in the U.S. today, especially in areas where RWN members invest.
• Bonus: In addition to affordable apartment prices and high monthly rents, Jacksonville also has no state income tax and one of the lowest property tax rates in the state. This is another great indication that JAX offers a strong cash flow opportunity.

For the past six years, Jacksonville's home values ​​have been valued at a slightly faster rate than other cities across the state.

• In January 2012 the median price of 3-bedroom homes in Jacksonville was $ 108,000. This means that in the last six years (January 2012 to January 2018), 3-bedroom homes in Jacksonville have been rated 42%. This is slightly higher than the 41% estimate for homes with 3 bedrooms nationwide.

In the last six years, the median monthly rent for three-bedroom homes has risen less than the national average.

• In January 2018 the median price of 3-bedroom homes in Jacksonville was $ 171,000. This is 15% lower than the $ 202,000 national average.
• In neighborhoods where RWN members invest, the median price of 3-bedroom homes in Jacksonville was $ 141,000 in January 2018. This is 30% lower than the $ 202,000 national average.
• This shows us that property values ​​in Jacksonville are cheaper than many other cities in the US today. This is especially true in neighborhoods where RWN members invest.

The Jacksonville population is growing significantly faster than the national average.

• Between January 2010 and 2017, the Jacksonville population grew by just under 12%. This is a rapid population growth of 118% of the national average.
• This shows us that housing demand is set to continue to rise in Jacksonville. More people = more tenants and more buyers. More tenants and more buyers = higher rents and apartment values.

Jacksonville produces jobs at a faster rate than other cities in the United States today.

• In the past year Jacksonville has created nearly 22,000 jobs - an annual growth rate of over 3.0%. This is 82% higher than the US annual growth rate of 1.73%.
• This shows us that JAX is experiencing faster job growth compared to most cities in the US today. This trend is likely to continue as individuals and businesses continue to move to the area because of sunlight, open spaces and its low taxes throughout the year (zero income tax and a flat corporate tax rate of only 5.5%).

Jacksonville pays off

• In neighborhoods where RWN members invest, the median price of 3-bedroom homes in Jacksonville was $ 141,000 in January 2018. This is 30% lower than the $ 202,000 national average.
• This shows us that property values ​​in Jacksonville are cheaper than many other cities in the US today. This is especially true in neighborhoods where RWN members invest.

JAX is great for cash flow

• In neighborhoods where RWN members invest the median monthly rent for 3-bedroom homes was $ 1,150 in January, which is 0.82% of the $ 141,000 purchase price.

  This shows us that the Jacksonville Metro area offers investors the opportunity to generate more rental income from many cities in the U.S. today, especially in areas where RWN members invest.

• Jacksonville also has lower taxes than most of the state - zero income tax and a flat 5.5% corporate tax rate - which are positive factors in creating a strong cash flow opportunity.

Jacksonville is growing rapidly

• Between January 2010 and 2017, the Jacksonville population grew by just under 12%. This is a rapid population growth of 118% of the national average.
• This shows us that housing demand is set to continue to rise in Jacksonville. More people = more tenants and more buyers. More tenants and more buyers = higher rents and apartment values.
• In the past year Jacksonville has created nearly 22,000 jobs - an annual growth rate of over 3.0%. This is 82% higher than the US annual growth rate of 1.73%.
• This shows us that JAX is experiencing faster job growth compared to most cities in the US today. This trend is likely to continue as individuals and businesses continue to move to the area because of sunlight, open spaces and its low taxes throughout the year (zero income tax and a flat corporate tax rate of only 5.5%).

Capital growth in Jacksonville is expected

• In January 2012 the median price of 3-bedroom homes in Jacksonville was $ 108,000. This means that in the last six years (January 2012 to January 2018), 3-bedroom homes in Jacksonville have been rated 42%. This is slightly higher than the 41% estimate for homes with 3 bedrooms nationwide.

  Between January 2012 and January 2018 the average rent for 3-bedroom homes in Jacksonville rose by 15%. This is a slightly lower increase than the national average of 17% during this period.

  All of this shows us that Jacksonville is still cheap for buyers and renters, but it probably won’t stay that cheap for long. If the population continues to grow rapidly - which seems reasonable - it is only a matter of time before demand exceeds supply, and increases the value of apartments and rents.