Home Values

Fernandina Beach Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$278,500

  • 4.7% 1-year change
  • 0.5% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in Fernandina Beach is $278,500. Fernandina Beach home values have gone up 4.7% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in Fernandina Beach is $166, which is higher than the Jacksonville Metro average of $101. The median price of homes currently listed in Fernandina Beach is $345,000 while the median price of homes that sold is $295,285. The median rent price in Fernandina Beach is $1,350, which is higher than the Jacksonville Metro median of $1,050.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Fernandina Beach is 7.2%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Fernandina Beach homeowners underwater on their mortgage is 12.5%, which is lower than Jacksonville Metro at 27.6%.

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Relative ZHVI
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Fernandina Beach Market Overview

Data through Nov 30, 2014
  • $278,500 ZHVI
  • 0.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $345,000 Median listing price
  • $295,285 Median sale price
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Fernandina Beach Market Health

Data through Nov 30, 2014
  • 1.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Neptune Beach $331,900
Atlantic Beach $276,800
Jacksonville Beach $267,900
Name Median ZHVI
Yulee $164,800
Callahan $160,800
Woodbine $158,800
Name Median ZHVI
Saint Marys $143,100
Kingsland $124,800
Jacksonville $123,700

Listings & Sales

Data through Nov 30, 2014
  • $166 Median list price / sq ft
  • $150 Median sale price / sq ft
  • No data Listings with price cut
33.7%
Sold below listing
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Fernandina Beach Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,574 Fernandina Beach
    $1,231 Jacksonville Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,350 Rent list price
  • $0.85 Rent list price / sq ft
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