Jacksonville rental yield by ZIP code: where it's highest, and what it costs to get there
Across 45 ZIP codes in the Jacksonville metro, median gross listing yield is 6.5%, or 0.55% of purchase price a month. Of 14,726 homes listed metro-wide, 965 sit in a ZIP code yielding 8% or better: about 6.6%. Measured from live listing inventory on both sides, asking prices against asking rents, so these are gross ratios rather than net returns.
- 6.5%Median gross listing yield
- $339,000Median list price
- 49 daysMedian time on market
- 6.6%Share of listings yielding 8%+
The CapScout Listing Yield Snapshot measures gross rental yield from live listing inventory on both sides of the ratio: what is for sale in a ZIP code right now, against what is asking to rent in it right now. Most published market data measures closed sales, reported monthly and lagged by weeks.
Which Jacksonville ZIP codes have the highest rental yields?
- 32202: 10.1% on a $215,000 median list price, $1,800 median rent. Only 32 homes for sale and 40 for rent, so read it as a signal to look, not a measurement.
- 32209: 9.8% on a $133,500 median list price, $1,095 median rent. 437 homes for sale.
- 32208: 9.1% on a $170,000 median list price, $1,293 median rent. 321 homes for sale.
- 32254: 9.0% on a $167,400 median list price, $1,250 median rent. 175 homes for sale.
- 32210: 7.9% on a $225,000 median list price, $1,475 median rent. 500 homes for sale.
- 32244: 7.8% on a $259,900 median list price, $1,695 median rent. 429 homes for sale.
- 32220: 7.7% on a $271,950 median list price, $1,750 median rent. 106 homes for sale.
- 32221: 7.7% on a $309,904 median list price, $1,990 median rent. 223 homes for sale.
- 32068: 7.6% on a $314,900 median list price, $1,999 median rent. 661 homes for sale.
- 32219: 7.5% on a $309,850 median list price, $1,945 median rent. 434 homes for sale.
The scarcity is the part worth acting on. Of the 14,726 homes currently listed across the metro, 965 sit in a ZIP code yielding 8% or better: about 6.6%. The ranking points at a small corner of the market. CapScout triages every one of them against your buy box, and the ZIP codes above link straight into that search.
How much do you have to spend to get an 8% gross yield?
| Median list price | ZIP codes | Median yield | Range | Median days on market |
|---|---|---|---|---|
| Under $200k | 4 | 9.0% | 7.5% to 9.8% | 64 |
| $200k to $300k | 7 | 7.7% | 6.2% to 10.1% | 58 |
| $300k to $400k | 21 | 6.8% | 4.3% to 7.7% | 44 |
| $400k to $500k | 8 | 5.9% | 4.4% to 6.3% | 49 |
| $500k and up | 5 | 5.1% | 4.0% to 6.2% | 66 |
The band medians ladder down without a single exception, 9.0% at the bottom of the price range to 5.1% at the top. Then look at the Range column. The $300k to $400k band alone holds 21 of these ZIP codes and 6,451 listings, and inside it yields run from 4.3% to 7.7%. Normalised to a $350,000 purchase that spread is about $11,900 a year in gross rent, comparing ZIP medians rather than two homes you could actually bid on. Price sets the band. Inside it, 21 ZIP codes still disagree.
The yield column is mostly a price column. A cheap entry price here is compensation for something: shorter tenancies, higher turnover cost, collection loss, and deferred capital work on older stock. Gross yield cannot see any of them, and every one lands below the rent line.
What does gross yield actually tell you?
Nothing is deducted. Rent times twelve over price: no taxes, no insurance, no vacancy, no maintenance, no management.
And the two halves of that ratio describe different homes. The median price comes from what's listed for sale, the median rent from what's listed for rent. In some of these ZIP codes those aren't even the same kind of property. Rank ZIP codes with it. Don't underwrite a home with it.
Put it in the screen most buyers actually run, monthly rent as a share of price, and the metro median of 6.5% is 0.55% a month. The strongest ZIP code in the metro is 0.84%. Not one of these 45 ZIP codes clears the 1% rule, and that is before a dollar of expense comes out.
What does a 6.5% gross yield become after expenses?
The usual rule of thumb says net lands near half of gross. Here it lands lower. $339,000 at 6.5% is $22,171 of gross rent a year. Take out 6% vacancy, 9% management on collected rent, 1.25% of value in maintenance, and $3,500 of insurance, and the net yield lands between 2.1% and 2.5% depending on the property tax rate (0.8% to 1.2% of value). Half of gross would be 3.3%.
Every assumption above is printed, and so is what it leaves out: no capex reserve, no leasing fee on turnover, no HOA, and no CDD assessment. Each of those is real money in this metro and none of it is inside that band. What the band does say is $7,159 to $8,515 of operating income on a $339,000 purchase, before a dollar of debt service. At the median, this metro is not a cash-flow market.
No single line is the villain. The load is: vacancy, management, maintenance, insurance and tax take 62% to 68% of gross rent, against the 50% the rule of thumb assumes. Insurance is the line that behaves differently from the rest. Fixed in dollars, it takes 16% of gross rent on the metro median and 27% in 32209, the highest-yielding ZIP code on this page with a real sample behind it. Your own bound insurance and the actual tax bill will move this more than any input above, and an investment property gets neither the homestead exemption nor the Save Our Homes cap that most published effective rates assume.
The expenses this table can't see
- Insurance is the line that decides deals here. Jacksonville premiums average around $3,500 a year against a national figure nearer $2,450, and they do not scale down with price: homes built before 2000 average close to double the premium of post-2015 construction. Model from a bound quote, never an estimate.
- Flood zone moves that premium more than any other single fact about the home. Check it before you check the rent.
- Newer subdivisions across several of these counties carry CDD assessments on top of property tax and HOA. They arrive on the tax bill and are easy to miss when you are modelling from a listing.
Read the days-on-market column for what it is: how long a home takes to sell, not how long a unit takes to rent. Among ZIP codes with at least 100 listings, 32234 clears in 13 days and 32034 takes 76. A slow ZIP code hands you negotiating room on the way in and a thin buyer pool on the way out. Whether the rent itself is achievable is a separate question, and answering it needs rental vacancy and lease-up time. Neither is in this table.
Is Jacksonville a good place to buy a rental?
Not at the median, if you are buying for cash flow. $339,000 at 6.5% gross models out to 2.1% to 2.5% net before any debt service, and none of these 45 ZIP codes clears the 1% rule. Rent will not carry a median-priced deal here.
The return that does exist is concentrated at the cheap end. The 4 ZIP codes yielding 8% or better hold 6.6% of the metro's listings, and every one of them sits below the metro's $339,000 median list price. That is real and it is narrow, and it comes with everything the yield column cannot see: shorter tenancies, higher turnover, collections risk, older stock, and an insurance premium fixed in dollars that lands hardest on the cheapest homes.
What should a property manager tell an owner asking where to buy?
Of these 45 ZIP codes, 22 yield above the metro median and 16 show listing prices higher than a year ago. Only 5 clear both and carry enough listings on each side to mean anything: 1,789 homes, 12% of the metro. The price-trend half of that test is the weaker half, since it compares two months of asking prices rather than sales, so treat those 5 as where to pull real sales history first.
All 45 ZIP codes
Sample size cuts both ways. 32202 carries only 32 homes for sale, so its median price moves when a handful of them change. On the rent side, 4 of these ZIP codes have fewer than 25 homes listed for rent, and the thinnest, 32009, has 2. A median rent drawn from that few listings is one landlord's asking price rather than a market. Both counts are columns below.
Show the full table
| ZIP | Median price | Median rent | Gross listing yield | Days on market | For sale | For rent under 25 = thin | 12-mo price |
|---|---|---|---|---|---|---|---|
| 32202 | $215,000 | $1,800 | 10.1% | 66 | 32 | 40 | +7% |
| 32209 | $133,500 | $1,095 | 9.8% | 74 | 437 | 368 | -2.9% |
| 32208 | $170,000 | $1,293 | 9.1% | 54 | 321 | 173 | +3% |
| 32254 | $167,400 | $1,250 | 9.0% | 49 | 175 | 118 | -2.7% |
| 32210 | $225,000 | $1,475 | 7.9% | 47 | 500 | 384 | 0% |
| 32244 | $259,900 | $1,695 | 7.8% | 49 | 429 | 414 | +4% |
| 32220 | $271,950 | $1,750 | 7.7% | 58 | 106 | 38 | +4.6% |
| 32221 | $309,904 | $1,990 | 7.7% | 62 | 223 | 155 | +7% |
| 32068 | $314,900 | $1,999 | 7.6% | 44 | 661 | 209 | -4.6% |
| 32219 | $309,850 | $1,945 | 7.5% | 16 | 434 | 96 | 0% |
| 32206 | $184,900 | $1,161 | 7.5% | 73 | 216 | 195 | -7.1% |
| 32216 | $259,990 | $1,624 | 7.5% | 63 | 272 | 206 | 0% |
| 32234 | $304,400 | $1,899 | 7.5% | 13 | 208 | 11 | -3.1% |
| 32222 | $330,000 | $2,029 | 7.4% | 61 | 124 | 103 | -1.5% |
| 32218 | $318,888 | $1,949 | 7.3% | 32 | 702 | 456 | -0.3% |
| 32043 | $362,990 | $2,135 | 7.1% | 34 | 710 | 137 | +2.6% |
| 32097 | $399,500 | $2,315 | 7.0% | 49 | 448 | 136 | -6.7% |
| 32073 | $325,000 | $1,870 | 6.9% | 39 | 257 | 170 | -1.5% |
| 32011 | $350,000 | $2,000 | 6.9% | 57 | 103 | 17 | +9.4% |
| 32211 | $262,000 | $1,495 | 6.8% | 40 | 162 | 201 | -1.1% |
| 32246 | $319,900 | $1,800 | 6.8% | 43 | 288 | 197 | -7.3% |
| 32258 | $356,516 | $2,000 | 6.7% | 45 | 233 | 150 | -5.9% |
| 32065 | $345,000 | $1,880 | 6.5% | 49 | 248 | 216 | -2.8% |
| 32256 | $310,000 | $1,650 | 6.4% | 40 | 488 | 318 | -4.6% |
| 32092 | $488,485 | $2,580 | 6.3% | 38 | 1,023 | 268 | -0.3% |
| 32225 | $399,900 | $2,100 | 6.3% | 39 | 300 | 202 | -1.3% |
| 32226 | $433,000 | $2,245 | 6.2% | 71 | 233 | 112 | -1% |
| 32081 | $674,900 | $3,500 | 6.2% | 47 | 441 | 85 | +0.7% |
| 32095 | $474,990 | $2,449 | 6.2% | 53 | 392 | 126 | -1% |
| 32205 | $278,997 | $1,432 | 6.2% | 58 | 332 | 302 | -5.4% |
| 32257 | $359,000 | $1,823 | 6.1% | 39 | 223 | 127 | +7.8% |
| 32233 | $459,900 | $2,300 | 6.0% | 55 | 161 | 91 | -16.4% |
| 32003 | $480,000 | $2,300 | 5.8% | 43 | 185 | 88 | +6.7% |
| 32259 | $574,000 | $2,655 | 5.5% | 47 | 708 | 203 | +1.2% |
| 32046 | $330,900 | $1,500 | 5.4% | 67 | 121 | 7 | +8.8% |
| 32223 | $489,000 | $2,175 | 5.3% | 38 | 168 | 41 | +7.5% |
| 32217 | $339,000 | $1,499 | 5.3% | 44 | 158 | 89 | +9.4% |
| 32277 | $309,000 | $1,350 | 5.2% | 40 | 161 | 179 | -0.3% |
| 32250 | $699,000 | $2,950 | 5.1% | 66 | 355 | 161 | -2.9% |
| 32224 | $475,000 | $2,000 | 5.0% | 44 | 301 | 134 | -13.2% |
| 32034 | $639,900 | $2,495 | 4.7% | 76 | 902 | 122 | -5.2% |
| 32207 | $340,777 | $1,299 | 4.6% | 45 | 272 | 279 | +4.9% |
| 32009 | $449,000 | $1,650 | 4.4% | 99 | 29 | 2 | +10.3% |
| 32204 | $379,900 | $1,363 | 4.3% | 67 | 89 | 116 | -11.4% |
| 32082 | $900,082 | $2,995 | 4.0% | 70 | 395 | 134 | -9.5% |
How is this data calculated?
Each ZIP code's figure is the median asking price of what is currently for sale in it, against the median asking rent of what is currently for rent in it. That is a different question from what homes sold for, and a different use.
This snapshot carries no sale-to-list ratio, so how far asks are from closes is not something it can tell you. At a metro median of 49 days on market, assume there is a gap. Figures are medians for each ZIP code, current through August 25, 2026, across 14,726 for-sale and 7,376 rental listings. Counties covered: Duval, Clay, Nassau, St. Johns, Baker.
The price-trend column compares the oldest month in each ZIP code's history against the newest. It is a two-point comparison rather than a fitted trend, so on a ZIP code with a few hundred listings a double-digit move there usually reflects a change in which homes are listed. Values may not have moved at all. Pull the ZIP code's actual sales history before you trust it.
This page reports market aggregates. No individual listing, address or price appears on it.
Cite as: CapScout Listing Yield Snapshot, Jacksonville FL, August 2026 edition. capscout.ai/markets/jacksonville-fl
Frequently asked questions
What is the average rental yield in Jacksonville?
Median gross listing yield across 45 ZIP codes in the Jacksonville metro is 6.5%, on a median list price of $339,000. Individual ZIP codes range from 4.0% to 10.1%. Gross yield deducts nothing.
Is gross yield the same as cap rate?
No, and the gap scales with the yield instead of coming off it as a fixed number. Gross yield is annual rent divided by price with nothing taken out. A cap rate divides net operating income (rent after taxes, insurance, vacancy, maintenance and management) by the property's market value. The usual rule of thumb puts the cap rate near half the gross yield, but in Jacksonville it lands lower: operating costs run 62% to 68% of gross rent, so the metro median models out at 2.1% to 2.5% against a half-of-gross figure of 3.3%.
Does anywhere in Jacksonville meet the 1% rule?
No. The 1% rule asks for monthly rent worth 1% of purchase price. The Jacksonville metro median is 0.55% a month and the strongest ZIP code reaches 0.84%. None of the 45 clears it.
How current is this data, and where does it come from?
Both sides are live listings: asking prices against asking rents, not closed sales and not signed leases. This edition runs through August 25, 2026, covering 14,726 for-sale and 7,376 rental listings across Duval, Clay, Nassau, St. Johns, Baker counties.
This table ranks ZIP codes. CapScout ranks the homes inside them. Set a buy box (price, beds, days on market, the return you need) and every matching listing in the metro comes back triaged, strongest first. Save the box and it keeps watching the market for you. Teams run one box per client.
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