What is the cap rate in Jacksonville, FL?

The median cap rate in Jacksonville, FL is 5.2%. This is based on HUD Fair Market Rents and current home values.

Is Jacksonville a good place to buy rental property?

Jacksonville has a cap rate of 5.2% and estimated cash flow of -$300/month. Returns are moderate — consider the appreciation potential. Median home price is $294,195 with average 3BR rent of $1,865/month.

What is the average rent in Jacksonville, FL?

The HUD Fair Market Rent for a 3-bedroom in Jacksonville, FL is $1,865/month. This represents the estimated rent for standard-quality housing in the area.

Jacksonville, FL — Rental Investment Analysis

🟡MODERATE— average returns

Data: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.

Investment Summary

As of 2026, rental properties in Jacksonville, FL yield a 5.2% cap rate. Median home price is $294,195 with 3-bedroom rents at $1,865/month.

Jacksonville is a moderate market — workable but not exceptional for cash flow. Median home price sits at $294,195 — moderate by national standards, requiring a solid down payment but not out of reach. With 3-bedroom rents around $1,865/month, the 5.2% cap rate tells the story. Cash flow is deeply negative at -$300/month with standard assumptions. This market requires appreciation to justify the investment.

At 0.70% on the 1% rule, rents are low relative to purchase prices. You'd need a significant discount from asking price to make the numbers work. DSCR of 0.81 is below 1.0, meaning rental income doesn't cover the mortgage. DSCR lenders will likely decline this market at current prices.

Bottom line: Jacksonville offers a balance of moderate cash flow and growth potential. Good for investors who want some income while building equity over time.

Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.

Cap Rate

5.2%

Below average

Monthly Cash Flow

-$300

After all expenses

Price-to-Rent

11.9

Investor-friendly

DSCR

0.81

Fails

Key Metrics

Median Home Price: $294,195
Average Rent (3BR): $1,865/mo
Price-to-Rent Ratio: 11.9(good)
1% Rule: 0.70%(fails — need 1%+)
Cash-on-Cash Return: -5.2%
Vacancy Rate: 8.0%

Market Strength

Unemployment Rate: 4.8%(+0.5% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +5.6% YoY

Assumptions Used

20% down, 6.52% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

0.86%

of assessed value (FL avg)

Median Income

$63,062

household (FL avg)

Rent-to-Income

35.5%

Stretched

Section 8 Max Rent

$1,865/mo

3BR voucher payment

FL Investor Climate

Landlord Friendly

8/10

State Income Tax

None

Property Tax

0.86% effective

Population Trend

+5.6% (3yr)

Population Movement (Tax Year 2021→2022)

Net Migration

+7,516 households

GROWING

Total Inflow

584,581

households moved in

Avg Income (New Residents)

$93,888

per household

Where they're coming from:

1.Hillsborough Non-migrants, FL559,556 households · avg $94,314

2.Miami-Dade, FL1,550 households · avg $67,225

3.Orange, FL1,266 households · avg $63,450

4.Manatee, FL1,209 households · avg $68,661

5.Broward, FL1,059 households · avg $67,650

Where residents are leaving to:

1.Hillsborough Non-migrants, FL559,556 households

2.Hernando, FL1,334 households

3.Manatee, FL1,220 households

4.Orange, FL1,118 households

5.Miami-Dade, FL866 households

Strong net inflow suggests growing rental demand and upward pressure on rents.

Best Zip Codes in Jacksonville for Investors

32209

Cap Rate: 11.2%Cash Flow: +$440/mo$108,779

32254

Cap Rate: 10.9%Cash Flow: +$482/mo$126,742

32208

Cap Rate: 9.7%Cash Flow: +$413/mo$150,414

All Zip Codes in Jacksonville

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
32209	11.2%	+$440	$108,779	$1,430/mo	1.76
32254	10.9%	+$482	$126,742	$1,630/mo	1.72
32208	9.7%	+$413	$150,414	$1,740/mo	1.52
32206	9.4%	+$329	$131,221	$1,480/mo	1.47
32202	8.0%	+$229	$165,642	$1,640/mo	1.26
32226	6.1%	-$98	$385,717	$3,050/mo	0.95
32221	6.0%	-$86	$296,332	$2,330/mo	0.95
32210	6.0%	-$72	$222,337	$1,740/mo	0.94
32256	5.8%	-$149	$312,857	$2,390/mo	0.91
32246	5.7%	-$191	$315,512	$2,360/mo	0.89
32244	5.6%	-$165	$256,893	$1,910/mo	0.88
32216	5.6%	-$178	$261,244	$1,930/mo	0.87
32205	5.5%	-$200	$258,420	$1,880/mo	0.85
32258	5.5%	-$284	$369,515	$2,690/mo	0.86
32211	5.2%	-$246	$246,994	$1,730/mo	0.81
32222	5.2%	-$317	$317,209	$2,220/mo	0.81
32218	5.0%	-$355	$298,456	$2,020/mo	0.78
32225	4.8%	-$507	$378,192	$2,490/mo	0.75
32277	4.7%	-$395	$283,693	$1,850/mo	0.74
32207	4.7%	-$392	$279,636	$1,820/mo	0.74
32220	4.5%	-$448	$289,092	$1,830/mo	0.71
32257	4.4%	-$564	$347,668	$2,170/mo	0.70
32219	3.8%	-$629	$291,616	$1,630/mo	0.59
32204	3.8%	-$698	$321,309	$1,790/mo	0.59
32217	3.6%	-$724	$311,806	$1,680/mo	0.56
32223	3.4%	-$1,091	$431,973	$2,220/mo	0.53
32224	3.4%	-$1,151	$456,759	$2,350/mo	0.53
32234	3.1%	-$802	$294,195	$1,440/mo	0.49
32234	3.1%	-$802	$294,195	$1,440/mo	0.49
32233	2.7%	-$1,509	$486,721	$2,160/mo	0.42