Jacksonville was recently ranked as the #4
"Best Place to Live in Florida" in 2023 by BankRate. This study analyzed the 25 of the largest cities in Florida (with populations of greater than 100,000) and was based upon multiple factors including housing affordability, safety, educational attainment and overall culture.
View City Rankings List
Florida Has No State Income Tax
||Average Home Price
||Fort Myers, FL
||Port St. Lucie, FL
Average Home Prices as of Nov 1, 2023
As a Florida resident, you will definitely appreciate not having to pay a state income tax. This allows you to keep a higher percentage of the dollars you earn. In lieu of a state income tax, the state of Florida earns healthy revenues from the millions of tourists that visit the sunshine state every year through a 7% sales tax (state level) and a 5% tourist tax (county level) from revenues on rental properties and hotel visits that are for six months or less. Once you declare your Florida residency, you will surely appreciate the many tourists who pay your share of state taxes.
Jacksonville is a Fast-Growing City in Florida
Jacksonville's Real Estate Market Remains Healthy
Jacksonville's population has been growing quickly in recent years and now ranks as the #17th fast-growing city in the entire country by U.S. News & World Report for 2023-24 (view rankings
). Strong population growth in genreral is a good leading indicator of cities on an economic upswing.
Jacksonville Has Top-Rated Healthcare & Hospitals
Jacksonville's real estate market has been appreciating steadily in recent years due to the influx of people relocating to the area. Jacksonville's Nocatee Community, located east of the St Johns River in Ponte Vedra, is one of the best-selling communities in all of Florida. At the start of November 2023, the average Jacksonville home price is $293,086 and represents a 1.8% year-over-year decrease. To find out exact housing and living costs, the most preferred and popular neighborhoods people are moving into, contact Jeff Riber
, our Jacksonville relocation expert listed on this page.
Jacksonville Has Strong Employment Market
The greater Jacksonville area has several top rated hospitals including the Mayo Clinic, Wolfson Children's Hospital and Baptist Medical Center. US News & World Report currently ranks Jacksonville's Mayo Clinic as the #1 overall Best Hospital in the state of Florida (out of 247 hospitals evaluated).
View Mayo Clinic ranking
Jacksonville's job market has been very strong in recent years with an unemployment rate of only 2.8% (Sep 2023). Top sectors in the Jacksonville economy include healthcare, manufacturing, professional services, education, and retail. The largest employers in the greater Jacksonville area include the Naval Air Station, Duval County Schools, Jacksonville City Government and Baptist Health.
Jacksonville Offers a Year-Round Playground
With an average year-round temperature of 67.9' degrees and 221 sunny days each year, Jacksonville is a top Florida city for outdoor enthusiasts. If you enjoy watersport activities, try kayaking or paddle boarding on the St. Johns River or Trout River. If you prefer landside recreation, Jacksonville offers miles of biking, jogging and pet-friendly trails including the Riverwalk Trail and the Baldwin Rail Trail. If you like to observe the native sea life and wild birds, visit Castaway Island Preserve.
Jacksonville is a Top City for Millenials
Jacksonville Has Great Dining & Cuisine Options
According to US Census Data, Jacksonville is a top city where Millennials are moving to. In 2022, SmartAsset Magazine ranked Jacksonville as the #1 city destination in all of Florida (and #5 city nationwide) of which Millenials are moving to. With the great year-round weather and lack of a state income tax, it's not hard to see why Jacksonville is a top pick. View the Where Millennials Are Moving in 2022
The greater Jacksonville area offers a wide variety of cuisines from casual, pet-friendly sidewalk cafes to fancy, five-star restaurants. There's also a popular scene of craft pubs and beer gardens to check out such as Bold City Brewery, Bottlenose Brewing, Engine 15 Brewing and Wicked Barley Brewing. Many of these trendy places offer a pet-friendly vibe, live entertainment and some even offer corn hole, darts and foosball while you enjoy a fresh, locally-crafted brew.
Jacksonville Offers Endless Events to Explore
Your Jacksonville Relocation Expert
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The Jacksonville Real Estate Market
Market outlook, trends and relocation advice by Jeff Riber.
The Jacksonville housing market continues to remain healthy and vibrant even after all the Fed’s record rate increases over the past year. Since the start of 2023, we’ve experienced increasing demand from buyers who continue to step up in this now higher-rate environment. This strong demand is causing the Jacksonville median home price to gradually rise each month and is also causing our available supply of homes to remain relatively low at a 3.5 month supply. New listings are now spending approximately 40 days on market vs 12 days as was during the Covid frenzy. While we are still experiencing some multiple offer situations for in-demand areas and price ranges, it's nowhere near nor extreme as it was during the market peak. New home builders have now also backed away from their auction system when releasing their available lots, which makes for a healthier and more balanced market.
View my market outlook.
Jacksonville Housing Market Outlook
My outlook for the Jacksonville real estate market in 1st half of 2024 is that buyer demand will continue to be very healthy, and that this trend is likely to remain. Should the Fed raise rates again, which is likely to be minimal at this point, I don’t see this as having a big impact on our market as buyers have now digested the hefty rate increases and are now moving forward again. I also expect our Jacksonville home price appreciation to be much less than we saw during the pandemic years and think we’ll see appreciation more in the 1% - 5% range in the year ahead.
Market Trends I'm Observing
As Jacksonville grows into being a major US city, the demand for its real estate has come along for the ride. Many businesses are also relocating a portion of their operations (or even their full headquarters) which is bringing new jobs and more people seeking housing. With access to Atlantic coast beaches, the St Johns River, diverse shopping and restaurant options, and a lifestyle pace that is far more enticing than most major metropolitan areas, Northeast Florida is no-longer a hidden gem but a discovered reality. Several hundred new homes are being built in St Johns County alone every month. Many out-of-town buyers are also drawn to the amenity-rich master-planned communities of Silverleaf and Nocatee (south of Jacksonville) as they are top-selling communities in the entire Southeast.
My Relocation Advice
If you're new to the Jacksonville area and not exactly sure where you’d like to live yet, feel free to reach out to me and we can discuss what activities you enjoy and what you’d like to be close to. Also, just wanted to mention that as Jacksonville is the 2nd largest U.S. city (behind Anchorage, AK) at 874 square-miles in size, your experiences in one part of town could be different that one’s in a different part. As a long-time resident of the Jacksonville area, I am glad to provide my unique perspective on the different areas of Jacksonville and even glad to connect you with others who reside in these areas who can relay their experiences.
Jacksonville Relocation Reviews:
Read what Jeff's past clients are saying.
"We worked with Jeff during our relocation to the Jacksonville area. He made the process so smooth. We could not be happier with the area we chose to live, and the home is exactly what we wanted!"
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"Jeff is great to work with! He makes buying a home easy and he puts his clients' needs first. He is very knowledgeable and a great advocate for his clients. I would recommend him to anyone that has a real estate need!"
"Jeff is a great agent who helped us find our dream home. He has so much knowledge of the JAX area and understands the housing market. We appreciated his honesty when looking at properties and his patience with us through a long search for the right one. You can’t go wrong with choosing Jeff as your agent!"
Your Jacksonville Relocation Specialist