For investors in Jacksonville, how saturated is the JAX rental market?
I have (4) MD properties and have been monitoring JAX and surrounding areas for a few years for investment properties first with a longer term goal as a retirement destination. At a glance, there seems to be a large amount of unoccupied rentals on the market. One data point is the relationship of Open Rentals vs. Population by a few Zips compared to my MD Zips. Is JAX too saturated?
| State | Zip Code | Population | Open Rentals (Zillow) | Ratio |
| FL | 32218 | 53,473 | 177 | 0.33% |
| FL | 32097 | 15,616 | 46 | 0.29% |
| FL | 32258 | 26,759 | 67 | 0.25% |
| FL | 32244 | 57,369 | 142 | 0.25% |
| FL | 32221 | 27,918 | 61 | 0.22% |
| MD | 21234 | 69,752 | 32 | 0.05% |
| MD | 21237 | 30,059 | 12 | 0.04% |
| MD | 21014 | 36047 | 7 | 0.02% |