Jacksonville Housing Market

Over the past three years, homes across the nation have been the beneficiaries of historically high appreciation rates. In fact, home values have nearly returned to their pre-recession levels. The Jacksonville housing market is no exception. Homeowners in this area have received a lot of equity over the course of three years. The Jacksonville real estate investing market is no exception. The following highlights how much equity has been gained relative to the year of the home’s purchase:

• Homes purchased in the Jacksonville housing market one year ago have appreciated, on average, by $4,257. The national average was $12,783 over the same period.
• Homes purchased in the Jacksonville housing market three years ago have appreciated, on average, by $65,748. The national average was $55,406 over the same period.
• Homes purchased in the Jacksonville housing market five years ago have appreciated, on average, by $51,449. The national average was $49,675 over the same period.
• Homes purchased in the Jacksonville housing market seven years ago have appreciated, on average, by $13,979. The national average was $9,474 over the same period.
• Homes purchased in the Jacksonville housing market nine years ago have appreciated, on average, by $24,752. The national average increased $3,419 over the same period.