Minimum Income Needed for First Coast Zip Codes

Minimum Income Needed for First Coast’s Wealthiest Zip Codes

What is the minimum income needed to afford homes in First Coast’s wealthiest zip codes?

Purchasing a home is the largest financial decision most of us will ever undergo.  It’s a huge investment.  An emotional investment, too, as it shapes so many other areas of our lives.  It can be complicated to have a solid understanding of your home budget, but it’s also so important.  When you have clarity on your home budget, you’ll be able to enter the home buying process with confidence.  Additionally, you’ll also be able to enjoy your home after closing, rather than experiencing a burden of financial stress.

Minimum Income Needed for First Coast’s Wealthiest Zip Codes

The First Coast includes some wealthy zip codes, to be sure.  Don’t write it off your list too soon, though.  Look at the numbers, as well as some of the more affordable suburbs.  The Jacksonville Business Journal did some number crunching for us.  They calculated the minimum incomes needed for 30 desirable zip codes in the Jacksonville area.  The numbers for 2023 are based on median home prices for each zip code, 10% down payment, 7.4% interest rate and 25% income-to-debt ratio.  Here’s how a few of our beloved beaches zip codes came in:

  • Jacksonville Beach, FL 32250– minimum income of $181,164 
  • Neptune Beach, FL 32266—minimum income of $212, 160
  • Ponte Vedra Beach, FL 32082—minimum income of $242, 220

Check out the full article here to see the numbers for all 30 of the wealthiest zip codes on the First Coast.

Personalized Affordability Calculator

Perhaps, those numbers don’t fit your unique circumstances.   Enter your personalized numbers into this affordability calculator to see what you can afford when shopping for a home.  

Home Buying on a Single Income

Maybe you’re in the market for a home on a single income.  You may find one or all these 6 tips for buying a home on a single income new and useful.  We also highlighted a few resources for financing programs and down payment programs in a recent blog post.

Fluid Realty

The First Coast is a fabulous place to call home. The team at Fluid Realty knows that first hand. We are here to help make the First Coast your home, too.  Reach out to us today if you’re interested in buying or selling.

The Fluid Realty Team is Jacksonville’s top real estate group and local boutique brokerage.  We provide a full-service experience with the best realtors in the area.  Our expertise includes luxury beach real estate within the four Beaches of Jacksonville, FL: Atlantic Beach, Neptune Beach, Jacksonville Beach, and Ponte Vedra Beach.