Miami - FL vs Jacksonville - FL: 2026 Housing Comparison

What this means for buyers

Miami - FL is roughly 36% more expensive than Jacksonville - FL in typical home value. Jacksonville - FL sees more listings with price cuts (28.8% vs 19.0%), a sign of softening seller expectations.

Miami vs Jacksonville: what the numbers say

At today's 7.32% average 30-year rate with 20% down, the typical home would cost about $2,620 a month in principal and interest in Miami and $1,927 in Jacksonville, a gap of $694 a month.

Typical rent runs $2,654 in Miami and $1,680 in Jacksonville, so the mortgage payment alone is 1.0 times rent in Miami and 1.1 times rent in Jacksonville, before taxes and insurance.

Home prices are 15.0 years of rent in Miami and 17.4 in Jacksonville; the lower ratio in Miami means buying there is cheaper relative to renting.

Over the last 23 months typical values moved -4.4% in Miami and -3.3% in Jacksonville; over just the last three months the change was +0.7% in Miami and +0.1% in Jacksonville.

Homes sell for 95.7% of list price in Miami and 96.8% in Jacksonville, after 52 and 49 days on the market, with price cuts on 19% and 29% of listings. The signs are mixed: Miami has longer time on the market and sales further below list, while Jacksonville has more price cuts.

The number of homes for sale is down 14% on a year ago in Miami and down 13% on a year ago in Jacksonville.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-22), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.