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 needed to check out the ZIP codes with the best lease improve over the previous 12 months, and the one ZIP code the place the lease has truly decreased.

The median lease jumped by 61% in a single a part of Arlington, based on information launched from Renthub.com, evaluating lease in December 2021 to at least one 12 months earlier. For those who’ve been following our reporting on this difficulty you understand there’s a housing scarcity all through our state, and increasingly individuals are shifting to Florida.

Based on actual property professionals, out-of-state traders are principally accountable.

Luann Brown is an actual property nearer.

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

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

“And one of many huge issues is, is that now we have loads of traders that stay up north which are shopping for our properties, our condo buildings, our duplexes and quadruplexes down right here,” Brown stated. “They usually’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 lease improve of almost 39%. Persons are paying on common $1,320, for his or her month-to-month lease.

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

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

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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 lease improve by share 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 lease over the previous 12 months, dropping slightly greater than 5%. The median lease there now could be $1,515 a month.