Why Jacksonville is such a great place for real estate investing…
According to Forbes, Robust job and population growth, as well as great affordability, greet prospective investment property owners in Jacksonville. Florida’s largest city is also home to a first-rate healthcare system, and the burgeoning biological sciences sector. The population in Jacksonville has grown about 8% from 2013 to 2018, and 24% since the year 2000. Plus, the median home price is $210,000 in Jacksonville, which is 33% cheaper than the national average, $278,900.
Jacksonville’s average rental yield is among the highest in the U.S. Rent growth is also healthy. The city’s 2.6% increase is better than the national year-over-year average of 0.5%. Specific markets within the Jacksonville metro area, such as Butler Beach, are displaying rent growth rates in excess of 10%.
In addition, Duval County is attractive to families, snowbirds, and businesses alike. The area is known for its history, water sports, golfing, military presence, monthly art events, festivals, and nightlife. Jacksonville boasts the longest shoreline in the nation with 22 beaches and a population of 853,400.
According to Marco Santarelli’s April 20, 2020 (2 months into COVID-19 Stay at Home Order) article…Will real estate prices decrease in Jacksonville, FL? The answer is no. At this moment there is an enormous development going on in the Jacksonville real estate market. The median price of Jacksonville properties has increased by roughly 6.2% over the past year. This is a significant increase in home values for real estate owners who have invested in Jacksonville real estate.
Why Motley Fool named Jacksonville one of 10 best cities for real estate investing: Jacksonville, Florida, is currently one of the top 20 economies in the entire United States, with the Port of Jacksonville being the third largest seaport in the U.S. A major hub for the United States Navy with numerous bases, this city is the third-largest military presence in the country. Its varied economy has strong employment opportunities across multiple sectors including health care, social assistance, retail, financial, scientific and technical services, and insurance.
Need more convincing? Check the articles below!
The Best Cities To Own Rental Property In Florida
Why Real Estate Investors Should Flock to Jacksonville
Why Is Jacksonville Real Estate Market So Hot For Investment?
Why Investors Still Love Florida’s Real Estate Market in 2020
The 10 Best Places to Buy Rental Property in 2020
Top 5 Reasons to Invest in the Jacksonville Rental Properties in 2019
What Are The Best Cities to Invest in Real Estate in 2020?
5 Reasons You Should Invest in a Jacksonville Rental Property
10 Compelling Reasons to Invest in Florida