Market Analysis

Jacksonville, FL Multifamily Market

Cap rates, rent trends, and underwriting benchmarks for Jacksonville apartment investors.

5.8%
Avg Cap Rate
5.0% – 6.8%
Cap Rate Range
1.30x
Avg DSCR
$155,000
Price / Unit
$1,350
Avg Rent / Unit
6.5%
Vacancy Rate
+2.8%
YoY Rent Growth
985,000
Population

Market Trend

Jacksonville benefits from Florida's population growth without the pricing of South Florida. Military presence (Naval Station Mayport, NAS Jacksonville) provides employment stability. The Beaches and St. Johns County submarkets are particularly strong.

Lender Notes

Standard agency and bank lending. 1.20-1.25x DSCR. Flood insurance required in many areas adds to operating costs.

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