Rent vs Buy Calculator — Jacksonville, FL
Prefilled with Jacksonville estimates: a ~$320,000 home (about $64,000 for 20% down) versus ~$1,650/mo rent. Florida's effective property tax of 0.91% — near the U.S. average (~1.1%) — adds roughly $2,912/yr, and typical homeowners insurance runs about $5,500/yr. Adjust every field to your actual home below.
Is it better to rent or buy in Jacksonville?
There's no universal answer — it hinges on how long you'll stay, what you'd earn investing the down payment instead, and Florida's tax and insurance costs. Property tax is the biggest local lever: at 0.91% on a $320,000 home that's about $2,912 every year, before insurance and maintenance. Use the break-even readout above to see the year buying pulls ahead, and the appreciation rate that flips the decision.
What makes Jacksonville, FL different
- Median home price estimate: $320,000
- Typical monthly rent estimate: $1,650
- Florida effective property tax: 0.91% (~$2,912/yr here)
- Florida avg. homeowners insurance: $5,500/yr
Starting estimates as of 2026-01 — see the methodology & sources.