Jacksonville Farms-Terrace renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Jacksonville Farms-Terrace is about $1,808 per month. This puts it in the 86th percentile compared to the city average cost of rent, which is $1,410. Households in Jacksonville Farms-Terrace have a median income of $6,823 per month so the average renter in Jacksonville Farms-Terrace is spending roughly 26% of their earnings on housing.
Nationally, and in Jacksonville Farms-Terrace, home values are the data point most closely correlated with the cost of rent. The median price of a home in Jacksonville Farms-Terrace is $246,883 right now, which is higher than nearby neighborhoods, meaning that rents in Jacksonville Farms-Terrace also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Jacksonville Farms-Terrace while lower rent rates are often available in eastern areas.
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