Breaking down will increase in Jacksonville rents by ZIP code

JACKSONVILLE, Fla. – The News4JAX I-TEAM continues to listen to from individuals about rising rents all through the Jacksonville metro space. So, we wished to try the ZIP codes with the very best hire improve over the previous 12 months, and the one ZIP code the place the hire has truly decreased.

The median hire jumped by 61% in a single a part of Arlington, in response to information launched from Renthub.com, evaluating hire in December 2021 to at least one 12 months earlier. For those who’ve been following our reporting on this situation there’s a housing scarcity all through our state, and an increasing number of persons are shifting to Florida.

In response to actual property professionals, out-of-state buyers are principally in charge.

Luann Brown is an actual property nearer.

Advert

“I’ve those that are available and the rents are going up $300-$400 monthly,” Brown mentioned.

The News4JAX I-TEAM caught up with Brown within the 32211 ZIP code in Arlington. It’s the place the median hire has elevated 61% within the only a 12 months. The median hire proper now in 32211 is $1,500, in response to the newest information from Renthub.com.

“And one of many huge issues is, is that now we have a whole lot of buyers that dwell up north which can be shopping for our houses, our residence buildings, our duplexes and quadruplexes down right here,” Brown mentioned. “And so they’re elevating the rents so excessive that landlords really feel that they will get on board. Oh, they’re going to get $1,200 and $1,300, then why can’t I?”

The ZIP code 32208, which encompasses a big portion of North Jacksonville, skilled the second highest hire improve of almost 39%. Individuals are paying on common $1,320, for his or her month-to-month hire.

Advert

Within the ZIP code 32224, simply east of the St. Johns City Middle, hire has elevated almost 38% with a median hire of $1,975 {dollars}

And within the ZIP code 32250 in Jacksonville seashore, it’s seeing a 34% worth hike, and a median hire of $2,550 {dollars}.

RELATED: Jacksonville tenants left feeling powerless as rental prices skyrocket | Don’t be the subsequent sufferer of a rental rip-off | Florida renters scramble for shelter as inexpensive housing erodes | Florida invoice would let renters pay month-to-month charges as a substitute of safety deposits

Advert

Jacksonville resident Rita Skinner requested, ″How are they going to make that fee? I imply that’s outrageous you’ll be able to’t make that.”

Renters in ZIP code 32210 noticed the fifth-highest hire improve by proportion within the Jacksonville metro space, at almost 33%, and a median month-to-month fee of $1,625.

One ZIP code, 32207, truly noticed a lower within the median hire over the previous 12 months, dropping a little bit greater than 5%. The median hire there now could be $1,515 a month.