Downtown / Riverside, Jacksonville, FL—32204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown / Riverside, Jacksonville, FL
As of Oct '25, the median home price in Downtown / Riverside, Jacksonville, FL is $308,000, with a year-over-year change of -9.4%. This indicates that home prices in Downtown / Riverside, Jacksonville, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $308,000 | -9.4% |
| Single Family | $289,000 | -8.5% |
| Condos | $353,000 | -9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $238,000 | -13.5% |
2 Bed | $296,000 | -11.4% |
3 Bed | $305,000 | -5.6% |
4 Bed | $508,000 | -4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown / Riverside, Jacksonville, FL
As of July '25, Rentcast reports the average rent in Downtown / Riverside, Jacksonville, FL is $1,400, with a year-over-year rent change of -11.4%. Per bedroom, the median rent as of July '25 in Downtown / Riverside, Jacksonville, FL is studios: $774, 1-bedrooms: $1,100, 2-bedrooms: $1,490, 3-bedrooms: $1,950, 4-bedrooms: $1,320. The most common rental property sizes in Downtown / Riverside, Jacksonville, FL are 2-bedroom and 1-bedroom, accounting for 38.5% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,400 |
| Studio Rent | $750 | $774 |
| 1 Bed Rent | $1,020 | $1,100 |
| 2 Bed Rent | $1,450 | $1,490 |
| 3 Bed Rent | $1,700 | $1,950 |
| 4 Bed Rent | $1,250 | $1,320 |
% of Rental Stock
Property Listings — Downtown / Riverside, Jacksonville, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown / Riverside, Jacksonville, FL is 91. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | 0.0% |
Listing Count | 58 | -13.0% |
| Listings as % of Homes | 0.6% | -13.0% |
Days on Market | 91 | 41.0% |
Demographics — Downtown / Riverside, Jacksonville, FL
As of the latest ACS Survey released in 2023, Downtown / Riverside, Jacksonville, FL has a population of 8,420, which has increased by 12.2% over the past 5 years. Downtown / Riverside, Jacksonville, FL is a less popular place for families, as children make up 10.4% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,420 | 12.2% |
% Under 18 | 10.4% | -24.1% |
% Seniors | 22.3% | 8.8% |
% WFH | 16.4% | 264.4% |
% w/ College Degree | 40.7% | -5.1% |
As of the latest ACS Survey released in 2023, Downtown / Riverside, Jacksonville, FL is a predominantly white area, with 54.7% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Downtown / Riverside, Jacksonville, FL is black, making up 30.8% of the population. Foreign-born residents account for 7.4% of the population in Downtown / Riverside, Jacksonville, FL, and this percentage has increased by 48.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.7% | -8.8% |
% Black | 30.8% | 12.0% |
% Hispanic | 5.9% | -10.6% |
% Asian | 5.9% | 883.3% |
% Foreign Born | 7.4% | 48.0% |
Mortgage and Risk — Downtown / Riverside, Jacksonville, FL
According to HUD data as of 2023, there were 93 mortgage originations in Downtown / Riverside, Jacksonville, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Downtown / Riverside, Jacksonville, FL. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Downtown / Riverside, Jacksonville, FL
As of 2024, the percent of homes in Downtown / Riverside, Jacksonville, FL under the Section 8 program is 15.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Downtown / Riverside, Jacksonville, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 685 |
Total Units Section 8 | 676 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,020 | $1,270 |
| 2 Bedroom | $60 | $1,450 | $1,510 |
| 3 Bedroom | $190 | $1,700 | $1,890 |
| 4 Bedroom | $1,140 | $1,250 | $2,390 |
Affordability — Downtown / Riverside, Jacksonville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $308,000 |
| Median Household Income | $54,500 |