Jacksonville Real Estate Update
Jacksonville, Florida is one of the biggest cities in the state. With a population of just under 900,000 people in 2017, Jacksonville is a city in high demand.
The median home value in Jacksonville is $190,908. While this is relatively low, home values have actually increased by 4% over 2019 and are predicted to rise almost 3% more in 2020.
Per square foot, the median list price comes in at $125. However, in the metro area of Jacksonville, $139. The list value of homes is $215,000 on average, but homes are typically sold at a median value of $168,900.
Jacksonville is currently a hot market for sellers, with sellers having the upper hand, as houses are in high demand.
In other real estate developments, Airbnb is currently not regulated in Jacksonville, however there has been a push for it to come to the city. Airbnb is currently neither legal or illegal, but there is potential for it to become officially legalized in the 2020 year.
Airbnb is a big topic for investors and homeowners alike, and according to predictions now is a great time to either purchase a home for renting out, or to prepare your home for accomodations.