How Long to Save for a Home in Jacksonville, FL
Median home price, average rent, and a personalized savings timeline for Jacksonville — updated 2026-Q1.
Median Home Price
$340,000
Average Rent
$1,550/mo
Median Income
$62,000/yr
5yr Price Growth
+30%
Calculate for Jacksonville
Invest this % of your rent ($1,550/mo)
Down payment
Down Payment Scenarios in Jacksonville
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $11,900 | 5.3 years | 5.8 years |
| 10% Down | $34,000 | 11.3 years | 13.8 years |
| 20% Down | $68,000 | 17.2 years | 22.6 years |
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Buying a Home in Jacksonville, Florida
Jacksonville is one of the South's growing metro areas with a population of 950,000. The median home price of $340,000 is near the national average.
With average rent at $1,550/month, a renter in Jacksonville investing 10% of their rent ($155/month) into diversified REITs could accumulate a 20% down payment of $68,000 in approximately 17.2 years. The same monthly contribution in a high-yield savings account would take about 22.6 years.
Home prices in Jacksonville have grown 30% over the past five years, outpacing the national average. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.