Location: Jacksonville, FL | Metro: Jacksonville, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,190 | $89,011 | 1.34% | A |
| 2BR | $1,420 | $102,501 | 1.39% | A |
| 3BR | $1,740 | $150,072 | 1.16% | B |
| 4BR | $2,170 | $201,534 | 1.08% | B |
| 5BR | $2,517 | $241,933 | 1.04% | B |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 32208, Jacksonville, FL, suggests a balanced market with slight indications of stability and potential growth. The median home value stands at $146,115, reflecting a segment of the market that is accessible to first-time buyers and investors alike. This figure is crucial as it provides a baseline for understanding the overall affordability and demand in the area.
The fact that only 0.3% of listings have been reduced is a strong indicator that sellers are maintaining their asking prices, which points to a resilient housing market. This resilience is further supported by the median days on market (DOM) of 64 days, suggesting that homes are selling relatively quickly. Combined, these factors imply that landlords and small-portfolio investors can expect to maintain or slightly increase rental yields without significant pressure to reduce property values.
On the rental side, the Forward Monthly Rent (FMR) for ZIP 32208 is projected to be $1,380 for fiscal year 2024, while the current market rent, as measured by ZORI, is $1,358. This slight upward trend in FMR indicates a potential for rental income growth, though modest. Landlords should be prepared to adjust rents incrementally to align with these projections, ensuring that they remain competitive yet profitable.
For long-term investors, the data suggests a realistic appreciation thesis centered around steady, gradual growth rather than explosive increases. With the current median home value and the observed stability in listing reductions, there is an implied scenario where property values will likely appreciate in line with inflationary pressures and economic conditions. However, it's important to note that this appreciation is not expected to be rapid or substantial. Instead, it will be a slow and consistent process, providing a reliable but not overly aggressive return on investment.
In summary, the combination of a stable median home value, minimal listing reductions, and a quick median DOM, along with a modest increase in projected rental rates, sets up a scenario where landlords and small-portfolio investors can expect steady performance. Pricing power is maintained, and rental yields are likely to grow gradually, making this area suitable for those seeking a dependable real estate investment with low risk and moderate returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.