The Most Affordable Neighborhoods in Jacksonville Farms-Terrace, Jacksonville, FL by Home Value

 

Jacksonville Farms-Terrace, Jacksonville, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Jacksonville Farms-Terrace area can be challenging. Home prices in Jacksonville Farms-Terrace are now at a median cost of $351,185, lower than the Jacksonville average of $363,577.

The average cost of rent is $2,365/mo in Jacksonville Farms-Terrace, primarily driven by the current value of real estate in the Jacksonville Farms-Terrace area. In Jacksonville Farms-Terrace, 8.12% of households rent, and 24.21% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Jacksonville Farms-Terrace is $7,572 per month. Households that rent pay about 31.24% of their income on rent here. Jacksonville Farms-Terrace’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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