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Jacksonville, FL 32206 Real Estate Market Report

ZIP Code: 32206
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
108
Active Listings
63
Sold Properties
45

Market Metrics

Median Listing Price
$155,000
Median Sold Price
$157,200
Median Price per Sqft
$125/sqft

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,200

Property Taxes

Property Tax Rate
1.25%

Liquidity & Velocity

Median Days on Market
355
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
moderate

Key Findings

  1. The primary market signal is the median sold price of 157,200, which represents the best available indicator of recent transaction value and suggests a mid-market benchmark for SFR and condo listings in 32206. neutral market temperature may temper aggressive pricing moves against this sale benchmark.

  2. Comparing transaction context to asking behavior shows a close seller-to-list signal: the median listing price of 155,000 sits near the median sold price, which may indicate limited upside for sellers and increased importance of pricing to achieve closings; the market appears to be in a balanced state rather than strongly one-sided.

  3. Liquidity is muted with a median days on market of 355, which points to slower sales velocity and greater lead time to transact — this may increase buyer leverage and require sellers to address condition, pricing, or concessions to accelerate closings. down in broad price trend supports a cautious approach.

  4. Macro and rental context: year-over-year indicators show price trend: down and rent trend: down, while interest rate pressure: moderate and market temperature: neutral — collectively these signals suggest a corrective pricing environment and modest downward pressure on rents, so investors and owners should stress-test holding-cost scenarios and be selective on acquisition pricing. down


Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

4505 W Castlewood Dr, Jacksonville, FL 32206
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
2 baths
1,142 sqft
$4,370,000
Apr 1, 2026
$3,827/sqft/sqft
1232 N Laura St, Jacksonville, FL 32206
Premium

Sold above market average

4 beds
2.5 baths
3,466 sqft
$795,000
Feb 1, 2026
$229/sqft/sqft
3977 days on market
1706 Silver St, Jacksonville, FL 32206
Premium

Sold above market average

3 beds
2.5 baths
2,788 sqft
$565,000
Mar 1, 2026
$203/sqft/sqft
2366 days on market
915 Franklin St, Jacksonville, FL 32206
Premium

Sold above market average

3 beds
2 baths
1,160 sqft
$190,900
Apr 1, 2026
$165/sqft/sqft
386 days on market
1053 Sylvan Ct, Jacksonville, FL 32206
Market Benchmark

Sold at market average

3 beds
2 baths
1,504 sqft
$185,000
Apr 1, 2026
$123/sqft/sqft
1659 days on market
3918 Springfield Blvd, Jacksonville, FL 32206
Premium

Sold above market average

3 beds
2 baths
1,222 sqft
$185,000
Mar 1, 2026
$151/sqft/sqft
882 days on market
2816 Mars Ave, Jacksonville, FL 32206
Value

Sold below market average

4 beds
2 baths
1,344 sqft
$65,000
Mar 1, 2026
$48/sqft/sqft
84 days on market
323 Long Branch Blvd, Jacksonville, FL 32206
Value

Sold below market average

3 beds
1 baths
1,152 sqft
$60,000
Feb 1, 2026
$52/sqft/sqft

Jacksonville, FL 32206 Real Estate Market Report

ZIP Code: 32206
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
47
Active Listings
2
Sold Properties
45

Market Metrics

Median Listing Price
$192,000
Median Sold Price
$129,500
Median Price per Sqft
$136/sqft

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$995

Property Taxes

Property Tax Rate
0.35%

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Liquidity metrics unavailable due to insufficient data quality.


Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
moderate

Key Findings

  1. median sold price remains the primary indicator of market value and recent transaction activity for ZIP 32206, and current transaction patterns appear consistent with a localized price correction rather than a sustained rebound.

  2. price year-over-year trend is down, and the broader market context shows a down trajectory for prices while the market temperature is neutral (neutral), suggesting balanced conditions with increasing buyer leverage rather than an outright market shift.

  3. median market rent is 995 and rent year-over-year trend is down (down), indicating weakening rental support that may limit near-term upside for sold prices and investor rent-based returns.

  4. total sold properties analyzed is 45, and the analyzed sample shows relatively constrained active supply in that subset; combined with interest rate pressure at moderate (moderate), this suggests moderate transaction velocity and that sellers may need price concessions to convert listings into closed sales.


Notable Properties

The following 2 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

111 E 1st St Apt 43, Jacksonville, FL 32206
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
2 baths
953 sqft
$120,000
Dec 1, 2025
$126/sqft/sqft
378 days on market
111 E 1st St Apt 10, Jacksonville, FL 32206
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
953 sqft
$119,000
Apr 1, 2026
$125/sqft/sqft
197 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$195/mo
32206 Avg Rent
32206 Cost to Own
Rent$1,200
Own$1,005

20% down, 6.5% rate, 1.3% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

32206 Avg nightly rate
32206 Avg occupancy (days/year)
Nightly rate$116/night
Occupancy153 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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