Market Overview
Home Prices in Jay, FL
The median home value in Jay, FL is $286,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and down 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jay are priced30% below average. Jay is part of the Pensacola-Ferry Pass-Brent, FL metro area.
Over the past five years, Jay home values have risen by approximately22.4%, reflecting strong long-term appreciation in this market.
Price History
Jay Home Price Trend
City Comparison
Jay vs. National Median
At $286,173, homes in Jay cost 30% below the national median of $410,000. This makes Jay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Jay?
20% Down Payment
$57,235
on $286,173
Monthly P&I
$1,493/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,896/mo
incl. taxes & insurance
Income Needed
$75,840
gross annual (30% rule)
10% Down Option
$28,617
+ PMI applies
Loan Amount (20% dn)
$228,938
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Jay, FL?
The median home value in Jay is $286,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Jay?
Over the past year, home values in Jay have increased by 5.2%. Over five years, prices have risen approximately 22.4%.
How much do I need to earn to buy a home in Jay?
To comfortably afford the median home price of $286,173 with a 20% down payment ($57,235) at today's rates (6.8%), you'd need a gross annual income of approximately $75,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Jay compare to the national average home price?
The national median home value is approximately $410,000. At $286,173, homes in Jay are 30% below the national average.
What metro area is Jay part of?
Jay is part of the Pensacola-Ferry Pass-Brent, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.