Jacksonville Multifamily Market Report

Younger population continues to grow. Jacksonville’s resident base is expected to expand by 0.5 percent in 2026. While still slightly above the national pace, this marks a notable deceleration from the post-2000 annual average of 1.8 percent. Even so, the age 20-34 cohort, a key renter demographic, is projected to grow by 0.3 percent, well outperforming the national decline of 0.6 percent. Meanwhile, household income growth of roughly 5.3 percent annually as of March places the metro in the top quartile nationally. Coupled with affordability relative to most other southeastern markets, it should continue drawing new residents.