Lake Forest, Jacksonville, FL—32208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Forest, Jacksonville, FL
As of Oct '25, the median home price in Lake Forest, Jacksonville, FL is $146,000, with a year-over-year change of -5.8%. This indicates that home prices in Lake Forest, Jacksonville, FL are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $146,000 | -5.8% |
| Single Family | $146,000 | -5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $83,000 | -5.7% |
2 Bed | $101,000 | -8.2% |
3 Bed | $146,000 | -6.4% |
4 Bed | $197,000 | -3.4% |
| 5 Bed | $229,000 | 5.0% |
% of Housing Stock
Rental Trends — Lake Forest, Jacksonville, FL
As of July '25, Rentcast reports the average rent in Lake Forest, Jacksonville, FL is $1,260, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Lake Forest, Jacksonville, FL is studios: $672, 1-bedrooms: $746, 2-bedrooms: $1,100, 3-bedrooms: $1,360, 4-bedrooms: $1,640. The most common rental property sizes in Lake Forest, Jacksonville, FL are 3-bedroom and 2-bedroom, accounting for 47.8% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,260 |
| Studio Rent | $650 | $672 |
| 1 Bed Rent | $702 | $746 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,340 | $1,360 |
| 4 Bed Rent | $1,620 | $1,640 |
% of Rental Stock
Property Listings — Lake Forest, Jacksonville, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Forest, Jacksonville, FL is 64. This is a increase of 9.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $171,000 | -7.0% |
Listing Count | 277 | 24.0% |
| Listings as % of Homes | 1.2% | 24.0% |
Days on Market | 64 | 9.0% |
Demographics — Lake Forest, Jacksonville, FL
As of the latest ACS Survey released in 2023, Lake Forest, Jacksonville, FL has a population of 31,100, which has decreased by -3.4% over the past 5 years. Lake Forest, Jacksonville, FL is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,100 | -3.4% |
% Under 18 | 24.9% | 6.0% |
% Seniors | 21.6% | 23.4% |
% WFH | 9.2% | 360.0% |
% w/ College Degree | 14.7% | 23.5% |
As of the latest ACS Survey released in 2023, Lake Forest, Jacksonville, FL is a predominantly black area, with 76.9% of the population identifying as black. The black population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Lake Forest, Jacksonville, FL is white, making up 16.3% of the population. Foreign-born residents account for 2.4% of the population in Lake Forest, Jacksonville, FL, and this percentage has decreased by 29.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.3% | 7.9% |
% Black | 76.9% | -4.4% |
% Hispanic | 3.3% | 37.5% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 2.4% | -29.4% |
Mortgage and Risk — Lake Forest, Jacksonville, FL
According to HUD data as of 2023, there were 419 mortgage originations in Lake Forest, Jacksonville, FL, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Lake Forest, Jacksonville, FL. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 419 |
% Conventional Loans | 44.0% |
% Government Loans | 56.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lake Forest, Jacksonville, FL
As of 2024, the percent of homes in Lake Forest, Jacksonville, FL under the Section 8 program is 20.3%. 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 Lake Forest, 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 | 1,482 |
Total Units Section 8 | 1,188 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $538 | $702 | $1,240 |
| 2 Bedroom | $380 | $1,100 | $1,480 |
| 3 Bedroom | $510 | $1,340 | $1,850 |
| 4 Bedroom | $720 | $1,620 | $2,340 |
Affordability — Lake Forest, Jacksonville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $146,000 |
| Median Household Income | $39,900 |