Jacksonville's European history dates back to 1562 when the French built Fort Caroline along the St. Johns River, where the city is currently located. Three short years later, the Spanish destroyed the fort and rebuilt Fort San Mateo in its place. They maintained control of most of Florida and several other states by fortifying it with soldiers because they considered it a strategic area. Approximately 200 years later, they handed it over to the British, who relinquished their rights to the region and returned it to the Spanish. Florida finally came under U.S. control in 1821, and a year later, Jacksonville was established as a town.
Over the years, Jacksonville - also known as Jax - was a winter destination for people trying to escape the colder weather in the north. Many people decided to stick around and lay their roots in the city. Jacksonville now has 911,507 residents and encompasses an area of 747 square miles. It is the most populous city in Florida and the fifth-largest city by area in the U.S. The city has an excellent economy with a mix of companies ranging from small businesses to corporate giants. Wallet Hub ranked Jax as the best place to start a new business in 2014.
Jacksonville, FL is a great place for affordable rent-to-own homes! With a median household income of over $55,531 and a median rent of $1,089, the Jacksonville, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Jacksonville, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Jacksonville, FL is seeing rapid growth and Jacksonville, FL's' housing market remains optimal with an average home price that is -14% below the 2022 national average. Jacksonville, FL is part of Duval county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Duval is 0.85% which is below the national average, which is 0.99%.
Jacksonville, FL has a walk score of
Jacksonville, FL has a bike score of
The state tax rate is 0% on top of the federal tax rate of 10 to 37%.