Jacksonville Farms Terrace, Jacksonville, FL—32234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jacksonville Farms Terrace, Jacksonville, FL
As of Oct '25, the median home price in Jacksonville Farms Terrace, Jacksonville, FL is $285,000, with a year-over-year change of -4.7%. This indicates that home prices in Jacksonville Farms Terrace, 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 | $285,000 | -4.7% |
| Single Family | $285,000 | -4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | -7.3% |
3 Bed | $272,000 | -5.2% |
4 Bed | $302,000 | -4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jacksonville Farms Terrace, Jacksonville, FL
As of July '25, Rentcast reports the average rent in Jacksonville Farms Terrace, Jacksonville, FL is $1,810, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Jacksonville Farms Terrace, Jacksonville, FL is 1-bedrooms: $634, 2-bedrooms: $1,250, 3-bedrooms: $1,880, 4-bedrooms: $2,170. The most common rental property sizes in Jacksonville Farms Terrace, Jacksonville, FL are 2-bedroom and 3-bedroom, accounting for 43.9% and 41.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $630 | $634 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,750 | $1,880 |
| 4 Bed Rent | $2,080 | $2,170 |
% of Rental Stock
Property Listings — Jacksonville Farms Terrace, Jacksonville, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Jacksonville Farms Terrace, Jacksonville, FL is 50. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 3.0% |
Listing Count | 52 | 21.0% |
| Listings as % of Homes | 0.8% | 21.0% |
Days on Market | 50 | -26.0% |
Demographics — Jacksonville Farms Terrace, Jacksonville, FL
As of the latest ACS Survey released in 2023, Jacksonville Farms Terrace, Jacksonville, FL has a population of 9,020, which has increased by 56.1% over the past 5 years. Jacksonville Farms Terrace, Jacksonville, FL is a popular place for families, as children make up 29.7% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,020 | 56.1% |
% Under 18 | 29.7% | 58.8% |
% Seniors | 14.4% | -14.3% |
% WFH | 11.4% | 395.7% |
% w/ College Degree | 18.5% | 88.8% |
As of the latest ACS Survey released in 2023, Jacksonville Farms Terrace, Jacksonville, FL is a predominantly white area, with 75.6% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Jacksonville Farms Terrace, Jacksonville, FL is black, making up 15.6% of the population. Foreign-born residents account for 4.3% of the population in Jacksonville Farms Terrace, Jacksonville, FL, and this percentage has increased by 65.4% 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 | 75.6% | -5.7% |
% Black | 15.6% | 73.3% |
% Hispanic | 5.9% | -4.8% |
% Asian | 0.7% | -30.0% |
% Foreign Born | 4.3% | 65.4% |
Mortgage and Risk — Jacksonville Farms Terrace, Jacksonville, FL
According to HUD data as of 2023, there were 137 mortgage originations in Jacksonville Farms Terrace, Jacksonville, FL, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Jacksonville Farms Terrace, Jacksonville, FL. Investor activity is low, as 1.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Jacksonville Farms Terrace, Jacksonville, FL
As of 2024, the percent of homes in Jacksonville Farms Terrace, Jacksonville, FL under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Jacksonville Farms Terrace, Jacksonville, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $630 | $1,010 |
| 2 Bedroom | -$40 | $1,250 | $1,210 |
| 3 Bedroom | -$240 | $1,750 | $1,510 |
| 4 Bedroom | -$170 | $2,080 | $1,910 |
Affordability — Jacksonville Farms Terrace, Jacksonville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $285,000 |
| Median Household Income | $81,100 |