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Jacksonville, FL mortgage & affordability calculator

The typical home in Jacksonville, FL is worth about $310,000. With 20% down that's a loan near $248,000 — the calculator is pre-filled with that figure. One of Florida's more affordable metros, with prices below Orlando and Tampa. The state's homestead exemption and Save Our Homes assessment cap help owners, but homeowners insurance is expensive and rising across the state.

$1,610.17 / month

Total interest
$331,664
Total paid
$579,664
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$62k$124k$186k$248k0612182430Year

How much you need to earn

Jacksonville, FL's median household income is about $70,000 a year. Under standard 28/36 lending rules that supports a home price around $232,835 with 20% down — below the $310,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$232,846 max home price

Max loan amount
$170,846
Housing payment budget
$1,633
P&I budget
$1,109
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Jacksonville, FL is about $1,600 a month, so owning the median home costs roughly $534 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Jacksonville, FL?
On the metro's roughly $310,000 typical home with 20% down, the loan is about $248,000. Principal and interest run near $1,610 a month at today's rate, and Jacksonville, FL's property tax plus insurance add about $524, for a full payment near $2,134.
Can I afford a home in Jacksonville, FL on the median income?
The median household income is about $70,000 a year. Under standard 28/36 lending rules that supports a home price around $232,835 with 20% down — below the $310,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Jacksonville, FL?
Typical asking rent is about $1,600 a month. The full owner payment on a median home is near $2,134, so owning costs roughly $534 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Jacksonville, FL?
The effective property tax rate in the core county is about 0.90% of market value — roughly $2,790 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Jacksonville, FL rising or falling?
Home values are up about 2% over the past year. One of Florida's more affordable metros, with prices below Orlando and Tampa. The state's homestead exemption and Save Our Homes assessment cap help owners, but homeowners insurance is expensive and rising across the state.

Nearby metros

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