Whether you’re moving neighborhoods in Jacksonville or moving to Jacksonville, you’re probably doing your homework on what the best neighborhoods are. Today we’re going to start our Jacksonville series with the most affordable neighborhoods. While cost of living leads this category, we’ll also be looking at education, crime, and home values
We’re pulling our information from www.AreaVibes.com and www.Niche.com.
If you need more information, try a quick search on www.NeighborhoodScout. The reports cost a fee but it’s a good place to start your initial search. If you want in depth stats, head over to www.StatisticalAtlas.com. If you’re concerned about the walkability or bikeability of a city, head over to www.WalkScore.com. For a more indepth look at crime, check out www.MyLocalCrime.com.
With the additional tools out of the way, let’s get into the nitty gritty.
#1 - Del Rio
Del Rio is an affordable, low cost of living neighborhood with relatively low crime and good high school graduation rates. The cost of living is 8% lower than the national average, and the cost of housing is 19% lower than the national average. While it’s reported on AreaVibes.com that crime in the Del Rio neighborhood is 52% lower than the national average, it may be unreliable data as I could not verify the data with a second party. The average crime rate in Jacksonville as a whole is 42% higher than the national average.
Average home value is around $160K - $180K while rent averages around $600 - $1,100. Average household income ranges from $60K - $62K and unemployment sits at the national average of 4%.
#2 - Hidden Hills
Next on our list is, Hidden Hills. The cost of living is 9% lower than the national average, and the cost of housing is 12% lower than the national average. While it’s reported on AreaVibes.com that crime in the Hidden Hills neighborhood is 38% lower than the national average, it may be unreliable data as I could not verify the data with a second party. The average crime rate in Jacksonville as a whole is 42% higher than the national average.
Average home value is around $145K - $160K while rent averages around $550 - $800. Average household income is $70K and unemployment sits at the national average of 4%.
#3 - University Park
Third on the list is the suburb of University Park.The cost of living is 7% lower than the national average, and the cost of housing is 20% lower than the national average. While it’s reported on AreaVibes.com that crime in the University Park neighborhood is 51% lower than the national average, it may be unreliable data as I could not verify the data with a second party. The average crime rate in Jacksonville as a whole is 42% higher than the national average.
Average home value is around $150K while rent averages around $900. Average household income is $38K - $45K and unemployment sits at 2%.
#4 - Tiger Hole-Secret Woods
The fourth neighborhood is Tiger Hole-Secret Woods.The cost of living is 12% lower than the national average, and the cost of housing is 27% lower than the national average. While it’s reported on AreaVibes.com that crime in the Tiger Hole-Secret Woods neighborhood is 7% higher than the national average, it may be unreliable data as I could not verify the data with a second party. The average crime rate in Jacksonville as a whole is 42% higher than the national average.
Average home value is around $140K - $160K while rent averages around $500 - $1,000. Average household income is $66K and unemployment sits at the national average of 4%.
#5 - Loretto
Lastely, is Loretto. The cost of living is 7% lower than the national average, and the cost of housing is 30% lower than the national average. While it’s reported on AreaVibes.com that crime in the Loretto neighborhood is 46% higher than the national average, it may be unreliable data as I could not verify the data with a second party. The average crime rate in Jacksonville as a whole is 42% higher than the national average.
Average home value is around $130K - $140K while rent averages around $1,100. Average household income is $55K - $60K and unemployment sits at 3%.
There you have it. If you’re looking for an affordable neighborhood in Jacksonville, hopefully this list has given you a starting place to finding your next neighborhood! With Florida’s zero income tax, your dollar goes further and with how affordable Jacksonville is you’ll have more money to put away for a rainy day or for investment.
If you’re looking to sell your home in Jacksonville, make sure your realtor has a professional photographer photograph your home. With professional photos, your home stands out among the other properties in our area. If they don’t, shoot me an email at hello@georgemoua.com.