Jacksonville, TX Housing Market

Market Overview

Jacksonville, TX posts an exceptional PropertyIQ Score of 97 out of 100, placing it in strong market territory. The score is driven by several positive indicators: home value momentum of 6.55% over the past 12 months, an even stronger 8.38% over the past 3 months, a median days on market of 65, and a relatively contained share of listings with a price cut at 17.9%. These factors point to a market that is moving at a healthy pace with steady buyer interest.

Compared with state averages, Jacksonville’s median home value of $246,363 is well below the state average of $299,367, giving local housing a clear absolute affordability advantage. The rent index of $1,396 is nearly identical to the state average of $1,403, and the unemployment rate of 4.5% matches the state average exactly. However, the local median household income of $61,261 is significantly below the state average of $78,476, which tempers some of that affordability benefit for local residents.

The year-over-year median home value change is -$15, which is essentially flat. In short, Jacksonville presents a strong market based on recent momentum and market pace, but local income levels may limit how far that strength translates into sustained long-term price growth.

Key Trends

One clear trend is accelerating home value momentum. The 3-month home value momentum of 8.38% is above the 12-month momentum of 6.55%, indicating that recent months have seen stronger price movement than the longer-term average. At the same time, the year-over-year median home value change of -$15 shows that the market has been essentially flat over the past year. This suggests that the recent momentum may be stabilizing values rather than building on established long-term appreciation.

A second trend is balanced market conditions. With 263 homes for sale and a median days on market of 65, Jacksonville is not showing extreme scarcity or an oversupply of inventory. The 17.9% share of listings with a price cut indicates that some sellers are adjusting expectations, but that level is not high enough to suggest widespread distress.

A third trend involves affordability relative to income. The median home value of $246,363 is about $53,000 below the state average of $299,367. However, median household income of $61,261 is about $17,000 below the state average of $78,476. So while home prices are lower than the state average, local buying power is also lower, which may offset some of the affordability advantage.

Finally, the rental market looks relatively firm. Jacksonville’s rent index of $1,396 is nearly equal to the state average of $1,403, even though local home values are lower. This suggests that rental pricing is holding up well compared to the broader state.

Who Is This Market For

This market appears well suited to first-time buyers looking for a lower entry price than the state average. The median home value of $246,363 is significantly below the state average, and the 65-day median time on market gives buyers some room to evaluate options without facing extreme competition. That said, with median household income of $61,261 below the state average, some local households may still find affordability challenging.

Investors may also find Jacksonville appealing. The rent index of $1,396 is nearly identical to the state average of $1,403, while the median home value is about 18% lower than the state average. That combination can create relatively attractive rental economics for buy-and-hold investors, though property-level performance will vary.

Move-up buyers may face a more measured environment. With 263 homes for sale and a 17.9% share of listings with a price cut, there are negotiating opportunities, but the essentially flat year-over-year home value change of -$15 suggests limited equity growth for current owners. Households with incomes above the local median may be better positioned to move up in this market.

Outlook

The near-term outlook is cautiously positive. The 3-month home value momentum of 8.38% running above the 12-month momentum of 6.55% suggests that values have been firming recently. However, the year-over-year median home value change of -$15 shows that the market has not yet produced meaningful annual appreciation. With 65 days on market and a 17.9% price cut share, conditions appear balanced rather than overheated. Median household income of $61,261 remains below the state average and may act as a ceiling on price growth. Population growth data is not available, so demographic-driven demand cannot be directly assessed. Overall, the data supports a stable to modestly improving market, with the strongest signal coming from recent home value momentum rather than long-term price gains.