As of June 2026, the Zillow Observed Rent Index for this market is $1,640 per month. Its exact same-month annualized one-year change was 1.43%, compared with 0.17% over three years and 2.96% over five years. Recent direction therefore confirms a stable-growth label while breaking modestly upward from the nearly flat three-year path; it still trails the longer five-year pace. The rent history has full 100% coverage. Annualized monthly-return variability of 2.59% indicates a relatively contained, though not immaterial, range of historical movement, while the deepest peak-to-trough decline was 4.30%. That combination gives a current rent snapshot more historical support than a sharply swinging series would, but it does not make the figure a forecast. Among history-eligible ZIPs, transparent national discovery ranks place stability at 874, momentum at 2,010, and balance at 1,646; lower ranks are higher, and these are backward-looking sorting tools rather than investment signals.
The 32216 label is both Zillow’s ZIP market identifier and a matched Census ZCTA. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP. Zillow ZORI is a typical observed asking-rent index blended across rental types, whereas the ACS 2024 five-year estimate reports a $1,364 median gross rent among occupied renter homes and includes selected utilities. The ACS figure is 20.2% below the current asking-rent index, a difference consistent with their distinct populations and construction rather than a direct contradiction. For wider context, the city of Jacksonville context rent is $1,599.67, Duval County context rent is $1,616, and the Jacksonville, FL metro context rent is $1,708. Those city, county, and metro figures provide broader-geography reference points only; none replaces the ZIP-level asking-rent measure.
The bedroom view should be read as a scaling exercise, not as a set of observed unit rents. Modelled monthly estimates scale ZIP ZORI through the local HUD ladder: $1,340 for a studio, $1,361 for one bedroom, $1,640 for two bedrooms, $2,026 for three bedrooms, and $2,530 for four bedrooms. The supporting HUD standards run from $1,250 for a studio to $2,360 for four bedrooms, including $1,530 for two bedrooms. HUD Fair Market Rent or Small Area Fair Market Rent is an administrative bedroom-specific standard, not asking rent. Accordingly, the modelled two-bedroom estimate sits 7.2% above the HUD two-bedroom standard, but neither figure is a measured bedroom rent for a particular available home.
The affordability screen creates a notable tension with the current index. Applying a 30% rent-to-income arithmetic screen to the asking-rent index produces required annual household income of $65,600, versus ACS median household income of $61,821; the index-to-income calculation is 31.8%. This is arithmetic, not advice and not an applicant qualification rule. Separately, 59.0% of surveyed renter households reported paying at least 30% of income toward rent, a burden measure for occupied renters rather than proof about any specific lease. The ZCTA contains 20,141 housing units, with renters representing 52.1% of occupied homes. Its 7.14% overall vacancy rate includes 884 units reported vacant for rent, but that aggregate does not establish availability, condition, concession terms, or affordability at a particular unit.
Broader comparisons reinforce the need to keep the evidence universes separate. The ZIP asking-rent index is above the city and county context rents but below the metro context rent, while its ACS gross-rent estimate sits below the corresponding city and county survey medians. The ZIP also has a higher renter share and lower overall vacancy rate than the city and county context measures. Meanwhile, the metro rent-to-income screen is lower than the ZIP’s screen. These contrasts describe different geographic scopes, household mixes, and measurement frameworks; they do not show that one geography determines another. The practical reading is that the current ZIP rent snapshot is somewhat firmer than nearby city and county index context, while household-income and burden evidence remains comparatively restrictive.
Redfin’s direct rolling-three-month ZIP resale observation provides a separate for-sale-market check, not rental transactions or rental comparables. The median sold price was $259,936, down 4.79% year over year, with 134 homes sold and 157 pending sales. Marketing time was 61 days. Redfin reported 343 active listings, while its inventory measure was 190 homes, up 3.99% year over year, and months of supply stood at 4.3. Sale-to-list evidence was also measured in this resale universe: the average sale-to-list ratio was 97.65%, and 11.55% of sales closed above list price. Together, those figures show observable ZIP resale liquidity and negotiation signals, but they cannot be used as rent transactions, property operating results, or evidence about an individual rental home.
The rent-price screening ratio is where the two source universes visibly diverge. Annualized ZIP ZORI divided by Redfin’s median sold price equals 7.57%. It is only a cross-source screening ratio, not a measure of net property economics or expected performance. The tension is straightforward: the asking-rent index rose over the latest year and the history remains stable, yet Redfin recorded a lower median sold price, longer marketing exposure, and supply above a very tight resale reading. At the same time, the income screen and renter-burden share caution against treating a stable current asking-rent index as evidence of universally easy rent absorption. Resale softness therefore challenges any overly simple reading of the rent trend, even though it does not negate it.
Important limits remain. ZORI is a typical blended asking-rent index rather than a quote for a matched unit; ACS is a five-year survey with published sampling uncertainty; HUD is an administrative standard; and Redfin is a direct rolling resale observation with a different market universe and timing. Neither the historical record nor the screening ratio forecasts rents, prices, leasing outcomes, or investment results. A property-level review should verify the actual asking rent, bedroom count, included utilities, lease term, concessions, unit condition, occupancy status, and whether nearby sale and listing evidence is genuinely comparable. The key unresolved question is whether a specific unit’s terms align with the ZIP index while remaining consistent with the income, burden, and resale conditions documented here.