Jacksonville, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,608
Monthly Cash Flow
-$106
Principal + Equity
$2,012
Annual Total Gain
$22,864
Cash on Cash
-1.79%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Suburbs to Live in Florida
#44out of 380 markets
Best Suburbs to Raise a Family in Florida
#85out of 380 markets
Best Suburbs for Young Professionals in Florida
#11out of 380 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Jacksonville, FL.
In Jacksonville, FL, Short Term Rentals (STRs) are regulated by the city's zoning code and the Florida Building Code. Here are some key regulations that an investor should be aware of before purchasing a property for Short Term Rental:
1. Zoning Restrictions: The city of Jacksonville has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. It is important for investors to check the zoning of the property they are interested in to ensure that Short Term Rentals are permitted in that area.
2. Licensing and Permits: In order to operate a Short Term Rental in Jacksonville, investors must obtain the necessary licenses and permits from the city. This may include a business tax receipt, a short-term rental license, and a fire inspection certificate.
3. Occupancy Limits: The city of Jacksonville has occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Health and Safety Regulations: Short Term Rentals in Jacksonville must meet certain health and safety standards, as outlined in the Florida Building Code. This may include requirements for smoke detectors, carbon monoxide detectors, and fire extinguishers.
5. Noise Regulations: Jacksonville has noise regulations in place to ensure that Short Term Rentals do not disturb neighboring residents. Investors should be aware of these regulations and take steps to minimize noise disturbances.
6. Taxation: Short Term Rentals in Jacksonville are subject to local taxes, including sales tax and tourist development tax. Investors should be aware of their tax obligations and ensure that they are in compliance with all tax laws.
Overall, investors should thoroughly research and understand the regulations surrounding Short Term Rentals in Jacksonville before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and even the shutdown of the Short Term Rental operation.
Market Trends Over Time
Explore 25 years of market data for Jacksonville, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Jacksonville, FL.
The LTR Genie Score of Jacksonville, FL is 71 and STR Genie Score is 64, indicating a moderate level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0513% suggests a steady increase in rental rates over time, while the 1-Year Price Appreciation Forecast of 0.97% indicates a slight appreciation in property values. The LTR Net ROI of 32.17% and STR Net ROI of 31.58% are both relatively high, showcasing the potential for strong returns on investment in both rental strategies.
The STR Occupancy rate of 59.09% and STR Revenue of $1850 indicate a decent demand for short-term rental properties in Jacksonville. However, the slightly lower STR Genie Score compared to the LTR Genie Score suggests that long-term rentals may be a more favorable investment option in this market.
Overall, Jacksonville, FL presents opportunities for both long-term and short-term rental investments, with a slightly higher preference for long-term rentals based on the Genie Scores. Investors looking for stable and consistent returns may find success in the long-term rental market in Jacksonville.
LTR Genie Score 93
$115,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,157 sqft.🏠 CONDO
3671 KIRKPATRICK Circle #15-2, Jacksonville, FL 32210
