Jacksonville, FL variant. This is a Jacksonville, FL-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
Jacksonville's gross rental yield - annual rent ÷ property price - is about 7.1%, based on $1,650/month rent on a $280,000 median home.
Rental yield in Jacksonville
Gross yield = ($1,650 × 12) ÷ $280,000 = 7.1%. Net yield subtracts property tax (0.94%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. Jacksonville's yield is attractive for cash-flow investors.
About Jacksonville, FL
Jacksonville residents pay no state or city income tax, since Florida does not impose a personal income tax.
Jacksonville offers relatively affordable home prices, helped by its very large land area and abundant room for development.
Jacksonville's economy is supported by logistics, financial services, healthcare, and a sizable military and port presence.
Worked example: Jacksonville yield
Annual rent $19,800 ÷ price $280,000 = 7.1% gross. After 0.94% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $280,000
- Median rent: $1,650/mo
- Median household income: $61,070
- Local sales tax: 7.5%
- Effective property tax rate: 0.94%
- Cost of living index: 95 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; Jacksonville runs about 7.1%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.