Jacksonville Multifamily Market Report 4th Quarter 2021

During Q4'21, the overall price averaged $171K per unit, a 17% increase year-over-year, while cap rates continue to compress another basis point. As the MSA remains one of the top rent growth markets in the country, demand from investors continues to intensify.  Effective rents, now averaging $1,421 for the Jacksonville MSA, increased 22.8% [...]

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