Jacksonville Real Estate Market Trends

Barely: the Federal Housing Finance Agency index for the Jacksonville metro was up 0.11% over the year to the second quarter of 2026 and down 1.27% from the first quarter (FHFA).

That one year gain ranks Jacksonville 211th in the agency's 2026Q2 table of metro areas, which ranks metros by the 1 year change in its all-transactions index, built from sales prices and appraisal data. Over 5 years the same index is up 40.52%, and since 1991 it is up 399.28% (FHFA 2026Q2 metro table).

The quarterly values behind those changes show the turn. The index for the Jacksonville metro, CBSA code 27260, reached 464.82 in the first quarter of 2026, its highest reading, then fell to 458.94 in the second quarter, almost exactly the 458.44 of a year earlier (FHFA metro index file). The Census Bureau's permit files assign the same CBSA code, 27260, to Jacksonville-Duval County (Census Building Permits Survey).

Last verified: October 18, 2026, by pulling the FHFA 2026Q2 metro index file and change table, the ten-year property value table in the city's 2024 financial report, the 2020 to 2023 Census permit files and the ACS 2020-2024 housing table for Jacksonville.

The Jacksonville index rose from 280.29 in the first quarter of 2020 to 436.36 in the third quarter of 2022, a rise of about 56%, then stayed between 427.13 and 444.72 through the second quarter of 2024 (FHFA).

In 2021 the Jacksonville index went from 307.15 in the first quarter to 370.38 in the fourth, and kept going to 416.69 by the second quarter of 2022 (FHFA). Through 2023 it stayed between 431.03 and 439.42. The Jacksonville 2007 high of 268.22 was not passed again until 2019, when the index read 271.13 in the second quarter. The index reports change, not a price; the Jacksonville real estate hub at /florida/jacksonville/real-estate/ carries the Census median home value.

Jacksonville's 0.11% one year change sits between Orlando, up 0.83%, and Deltona-Daytona Beach-Ormond Beach, down 0.17%, in the FHFA 2026Q2 metro table (FHFA).

In the same table as Jacksonville, St. Petersburg-Clearwater-Largo, listed as a metropolitan division, is down 0.09% over the year, and West Palm Beach-Boca Raton-Delray Beach, also a division, is up 3.65% (FHFA 2026Q2 metro table). Jacksonville's 5 year rise of 40.52% compares with 45.41% for Orlando and 38.64% for Deltona-Daytona Beach-Ormond Beach.

A statewide figure on the same FHFA page uses a different index from the Jacksonville metro row, so the two are not directly comparable: Florida's seasonally adjusted purchase-only index is up 0.96% over the year and 37.47% over 5 years (FHFA state table). The purchase-only index uses sales prices only, while the metro table uses the all-transactions index, which adds appraisal data.

The assessed value of residential real property in Jacksonville rose from about $51.2 billion in 2020 to about $85.5 billion in 2024, according to the Property Appraiser's figures in the city's fiscal 2024 financial report (City of Jacksonville ACFR).

The ten-year table, in thousands of dollars, shows residential assessed value at 36,523,696 in 2015, 51,194,197 in 2020, 55,969,628 in 2021, 72,228,105 in 2022, 82,807,287 in 2023 and 85,536,139 in 2024 (ACFR statistical section). The single biggest Jacksonville jump, about $16.3 billion, came between 2021 and 2022, against about $2.7 billion between 2023 and 2024. The same report says property taxes are based on assessed value at January 1.

The report says homestead increases are limited to the lesser of 3% or the change in the Consumer Price Index, and non-homestead increases are capped at 10% of the previous year's assessed value; its 2024 total taxable assessed value of 98,956,772 thousand dollars was 62.79% of the estimated actual, or just, value of 157,608,721 thousand (ACFR). Owners who dispute a value file with the Value Adjustment Board, and the Duval County Property Appraiser warns that petitioners must partially pay ad valorem taxes, 75% in most cases, before the delinquency date, usually April 1; the office answers at 904-255-5900 (Duval County Property Appraiser).

Jacksonville-Duval County permitted 6,191 single-family homes in 2021, the most of the years from 2020 to 2023, before falling to 4,223 in 2023 (Census BPS 2021).

The Census Bureau's annual place files list, for Jacksonville-Duval County, 5,549 single-family permits valued at $865,345,755 in 2020 (BPS 2020), 6,191 valued at $999,209,753 in 2021 (BPS 2021), 5,484 valued at $1,013,168,781 in 2022 (BPS 2022) and 4,223 valued at $905,892,520 in 2023 (BPS 2023). So the number of Jacksonville houses fell in 2022 while their total construction value still rose.

In these four files, Jacksonville apartment permits peaked a year later. Units in buildings of five or more went from 3,413 in 2020 and 3,578 in 2021 to 5,782 in 118 buildings in 2022, then 5,099 in 130 buildings in 2023 (BPS 2022; BPS 2023). The Jacksonville new construction 2026 guide at /florida/jacksonville/real-estate/new-construction-2026/ follows the permit count from 2024 into 2026.

The Census files list four other Duval County places apart from Jacksonville-Duval County, and the three beach cities' houses carry far higher average permit values. In 2021 Jacksonville Beach permitted 100 single-family homes valued at $46,157,022, Atlantic Beach 22 valued at $11,051,320, Neptune Beach 11 and the town of Baldwin 2 (BPS 2021). That works out to about $461,570 per Jacksonville Beach house against about $161,400 per house in Jacksonville-Duval County the same year. In 2023 the file lists 57 for Jacksonville Beach, though the file shows only 3 months reported for it, 24 for Atlantic Beach, 12 for Neptune Beach and 6 for Baldwin (BPS 2023).

Few owner homes sit empty in Jacksonville: the ACS 2020-2024 homeowner vacancy rate is 1.3%, against a rental vacancy rate of 7.9% (ACS DP04).

Of occupied Jacksonville homes, 26.7% have a householder who moved in between 2020 and 2022, and 6.2% moved in 2023 or later (ACS 2020-2024 DP04). The largest value band is $300,000 to $499,999, which holds 34.8% of owner homes, with 24.8% at $200,000 to $299,999, 10.8% at $500,000 to $999,999 and 2.9% at $1,000,000 or more.

Most Jacksonville owners carry a loan: 146,505 owner homes, or 64.5%, have a mortgage, with median monthly owner costs of $1,730, against $560 for the 35.5% without one (ACS DP04). On the rental side, 44.7% of renters for whom the figure can be computed spend 35.0% or more of household income on gross rent. These Jacksonville figures are 5-year estimates covering 2020 to 2024, so they predate the 2026 FHFA readings above.