Jacksonville, FL 32216 Real Estate Market Report
ZIP Code: 32216
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.
Market Metrics
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
Property Taxes
Liquidity & Velocity
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Jacksonville FL are 6.3% compared to 5.8% when typical loans in this area originated earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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median sold price: $275,000 is the primary indicator of current market value and recent transaction activity, signaling that recent closings are clustering around this level rather than asking prices; use sold prices for valuation when underwriting or pricing comps.
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median listing price: $296,500 sits above the median sold price, which suggests a pricing gap that may indicate seller optimism relative to completed transactions and could require competitive concessions or price adjustments to achieve closings.
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median days on market: 273 points to materially slower sales velocity and prolonged marketing periods compared with typical residential markets, and the overall market temperature is neutral, which suggests a balanced-to-cooling environment where buyers have time to negotiate.
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interest rate pressure: elevated is an important headwind for buyers and sellers; Current 30-year fixed mortgage rates in Jacksonville FL are 6.3% compared to 5.8% when typical loans in this area originated earlier in 2026, and rent year-over-year trend is down, both of which may restrain buyer purchasing power and investor demand in the near term.
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
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Jacksonville, FL 32216 Real Estate Market Report
ZIP Code: 32216
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.
Market Metrics
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
Property Taxes
Liquidity & Velocity
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Jacksonville FL are 6.3% compared to 5.8% when typical loans in this area originated earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator, the neighborhood's median sold price, is $157,450, which represents the most reliable snapshot of recent transaction activity and should be treated as the reference point for valuation and comparables.
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The median listing price is $162,500, which exceeds the median sold price and may indicate seller expectations above recent transaction levels; combined with a median days on market of 404, this suggests pricing friction and slower sales velocity rather than rapid turnover.
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Market-level signals show price year-over-year trend as down while market temperature is neutral, implying a generally balanced market that is leaning toward cooling as buyers and sellers adjust to softer price momentum.
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Rental and financing context: median market rent is $1,395 with rent year-over-year trend down, and elevated interest rate pressure noted (current 30-year fixed ~6.3% vs 5.8% earlier in 2026) which may suppress buyer purchasing power and extend time-to-sale for some listings.
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
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Sold below market average
Sold above market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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