RENT OR BUY

Rent or buy in Jacksonville, FL?

Typical rent against typical home prices across Jacksonville, and where each is heading.

Renting in Jacksonville costs about $1,740 a month, and the typical home is listed at $319,000. That puts the price-to-rent ratio at 15.3: a typical home costs as much as 15.3 years of rent.

Jacksonville now and in 2031

Jacksonville, FL: typical rent and list price, now and projected for 2031
Now2031 (projected)
Typical asking rent$1,740/mo$1,655/mo
Typical list price$319,000$398,000
Price-to-rent ratio15.3—

Rent is projected at -1.0% a year, the trend in RentCast's median rents for these ZIP codes since mid-2024. For home values: The first 2 years follow this year's change in list prices (-1.9%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+9.0% a year). These are trends carried forward, not predictions of the next market turn.

The short-term and long-term signals disagree. List prices in Jacksonville moved -1.9% over the past year, while the FHFA index rose +9.0% a year from 2020 to 2025. The projection follows today's direction for 2 years before returning to the long-run average, and nobody knows when, or whether, that turn comes. Treat years 3 to 5 as the less certain part.

How to read the price-to-rent ratio

The ratio divides the typical list price by a year of typical rent. A higher ratio means buying is expensive relative to renting; a lower one means monthly rent is high compared with what a home costs. It's a quick way to compare cities, not a verdict for your situation.

By ZIP code

Jacksonville, FL: RentCast medians for the ZIP codes in this sample
ZIPMedian rentRental listingsMedian list priceSale listings
32218$1,910/mo440$315,000755
32210$1,425/mo390$229,000502
32244$1,700/mo407$264,900429
32246$1,795/mo216$315,000306
32256$1,650/mo328$319,990501
32225$2,050/mo185$397,500274
32224$1,900/mo145$510,000271

What this doesn't account for

Mortgage rates, your down payment, property taxes, insurance, HOA fees, maintenance, and how long you'll stay decide more than any city-wide figure. These are area numbers built from active listings; they don't know the specific home or your finances.

Source: RentCast market data for 7 of Jacksonville's 31 ZIP codes (the most populous, home to 43% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.

Frequently asked questions

How much is rent in Jacksonville, FL?

Typical asking rent is $1,740 a month, across 2,111 active rental listings in 7 ZIP codes.

How much do homes cost in Jacksonville, FL?

The typical list price is $319,000, across 3,038 active sale listings in 7 ZIP codes. List prices are asking prices, not final sale prices.

What is the price-to-rent ratio in Jacksonville, FL?

About 15.3: the typical list price equals 15.3 years of typical rent. The higher the ratio, the more buying costs relative to renting.

Forecast a specific ZIP's home values