Cap Rate in Jacksonville, FL

2026 Market Overview for Real Estate Investors

Avg Cap Rate

6.4%

#23 of 50 markets

Median Home Price

$285,000

Purchase price

Median Monthly Rent

$1,550

$18,600/yr gross

Rent-to-Price Ratio

0.54%

Moderate

Cap Rate Rating

Good

Strong return relative to market norms. Common in cash-flow-focused markets in the Midwest and South.

Market Snapshot

Population	985,843
5-Year Population Growth	+9.5%
Median Household Income	$58,000
Vacancy Rate	6.5%
Property Tax Rate	0.89%($2,537/yr)

Investor Takeaway

Jacksonville is one of the fastest-growing large cities in Florida with no state income tax. The port and logistics economy provide stable employment, while insurance costs are the main expense wildcard.

Quick Math

Estimated annual numbers for a median-priced property in Jacksonville, FL before financing:

Annual Gross Rent$18,600

Less Vacancy (6.5%)($1,209)

Less Property Tax (0.89%)($2,537)

Less Est. Insurance + Maintenance($5,700)

Estimated NOI$9,155

Implied Cap Rate3.2%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.