Jacksonville's population is 1.5M, with a total workforce of 690K. The labor market grew by 30,900 jobs over the past year, up by 4.5%. The median household income in Jacksonville is $59,405, 4.5% higher than last year and 3.2% below the national average of $61,372. In the housing market, total permits issued totaled 13,648 over the last twelve months, up 1.8% year-over-year.
Jacksonville has 310 active new home projects on the market, 2.8% fewer than the 319 from last year. The average list price in the market is $327,586, 6.8% higher than last year and 2.4% above the national average. Over the last three months, new home contracts increased by 1.3% to 1,764. Jacksonville and St. Augustine had the highest concentration of the new home contracts in the Jacksonville market.