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Featured local agent — Jay, FL
Sarah Mitchell
Compass Real Estate · Jay, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Jay, FL Housing Market
The typical home in Jay, FL is worth $280,908, rose 4.1% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $349,000 (through May 2026). With 3.0 months of supply, Jay is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $280,908 home is about $1,444/mo in principal and interest.
Key numbers for Jay, FL
Typical home value
$280,908
+4.1% in 12 months
Zillow, July 2026
Median sale price
$349,000
Last published period
Redfin, through March 2026
Active listings
3
3.0 months of supply
Redfin, through March 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$36,964
Home costs 7.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through March 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Jay a buyer's or seller's market?
Jay, FL is a balanced market, based on 3.0 months of supply. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Jay housing market data show?
Every row below is Redfin's final published month for Jay, FL. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $349,000 |
| Median list price | $349,000 |
| Median price per sq ft | $132/sq ft |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Jay is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Jay is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Jay home prices moved?
Across the 31 months we hold for Jay, FL, the median sale price rose 173.7%, from $127,500 in May 2021 to $349,000. The live Zillow value series has rose 4.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Jay listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Jay?
Priced off the typical home value of $280,908 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $56,182 | $224,726 | $1,444/mo |
| 5% | $14,045 | $266,862 | $1,715/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,444, that implies roughly $61,892 a year before you add taxes and insurance. The median household in Jay earns $36,964, about $24,928 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Jay in the next 12 months?
Tell us your timeline. We send the Jay market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Jay?
Zillow does not publish a rent index (ZORI) for Jay, FL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Jay?
Active listings in Jay, FL went from 4 in May 2024 to 3 in March 2026, a -25.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| July 2024 | 3 | not published |
| August 2024 | 3 | 1 |
| September 2024 | 3 | not published |
| October 2024 | 7 | 5 |
| November 2024 | 6 | not published |
| December 2024 | 4 | not published |
| February 2025 | 2 | 1 |
| June 2025 | 3 | 1 |
| July 2025 | 4 | 1 |
| November 2025 | 4 | not published |
| December 2025 | 2 | not published |
| March 2026 | 3 | 1 |
Redfin, through March 2026
How does Jay compare to Florida and the U.S.?
Jay homes sell for $349,000 — 17% below the Florida median of $421,500. Against the national median of $410,700, Jay runs 15% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Jay, FL | $349,000 | not published | not published |
| Florida statewide | $421,500 | +2.6% | 66 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Jay
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $271 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $280,908 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Jay added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +4.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Jay varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Jay
There are currently 3 homes listed for sale in Jay, Florida. The median listing price is $349K.
Active listings
3
Homes on market
Median list price
$349K
New this week
1
Newly listed
How much do homes cost in Jay by property type?
How the Jay, FL market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $349,000 | $132/sq ft | 1 | not published |
Who lives in Jay?
American Community Survey estimates for Jay. U.S. Census ACS, 2023
Population
706
Households
267
Median income
$36,964/yr
Median age
37 years
Owner-occupied
43.4%
Median home value
$126,800
Median gross rent
$1,008/mo
Mean commute
35.8 min
43.4% of occupied homes in Jay are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $126,800 against Zillow's $280,908 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Jay?
3 schools tracked · 1,332 students
The largest public schools serving Jay, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
JAY HIGH SCHOOL
Grades 7-12 · 506 students
JAY ELEMENTARY SCHOOL
Grades PK-6 · 488 students
CHUMUCKLA ELEMENTARY SCHOOL
Grades PK-6 · 338 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Jay, FL?
Ordered by distance from Jay, not by size. Compare Jay side by side with any of them.
Jay housing market FAQ
Is Jay a buyer's or seller's market?
Jay, FL is currently a balanced market. That read comes from 3.0 months of supply, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Jay?
The typical home in Jay, FL is worth $280,908 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $349,000, about $132 per square foot.
Is Jay cheaper than the rest of Florida?
Jay's median sale price of $349,000 is 17% lower than the Florida statewide median of $421,500, and 15% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Jay?
We do not hold a days-on-market figure for Jay, FL. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Jay?
At the current 30-year fixed rate of 6.66%, 20% down on a $280,908 home is about $1,444 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $61,892 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $36,964.
Are home prices rising in Jay?
The typical home value in Jay, FL rose 4.1% over the last 12 months, from $269,959 to $280,908 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Jay?
Jay ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Jay?
That depends on your timeline, not on a headline. What the data says today: Jay, FL is a balanced market with 3.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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