Jacksonville Multifamily Market Report – September 2025

Market Overview

‍The multifamily market in Jacksonville is navigating a transition in Q3 2025 with average asking rent at about $1,505 per unit, reflecting a 1.0 percent decline year-over-year. Occupancy in stabilized properties improved to 93.2 percent, yet developers delivered nearly 4,000 units in the first seven months of the year while another 9,349 units remain under construction. Despite the wave of new supply, the metro’s growing population and improving affordability suggest demand may begin to outpace inventory by late 2025.

‍About Yardi Matrix

‍Yardi Matrix is a data-driven research and analytics firm specializing in the multifamily housing sector. Their Jacksonville market report provides detailed insights on rent levels, occupancy trends, supply/delivery metrics and transaction activity to help owners, developers and investors assess timing, risk and strategic positioning. To read the full report, click here.