Despite the hurricanes, the Sunshine State is a great place for real estate investors.
This is an excerpt from Agent Advice, a site that provides tips for the real estate industry.
The argument is that 4 of the top 10 cities for smart investors are right here in Florida.
Miami tops the list, described as “a gold mine for real estate investors with rapid annual price increases for all types of real estate, especially a 13% jump in prices for homes with five or more bedrooms.”
Rising income levels (averaging 4.4% per year) have not kept pace with the market, but that is a renter’s problem, not an owner’s problem.
Tampa took second place because “a booming real estate market saw prices increase by more than 11% across all bedroom types.”
That’s nearly four times the 2.7% year-on-year increase in personal income, but that’s what side hustles are for.
“Tampa’s location on the Gulf Coast and high quality of life make it a prime investment choice, with more investors looking to take advantage of Tampa’s upward trajectory,” Agent Advice claims. do.
Orlando ranks 6th in the nation, helped by a 10% year-over-year increase in one-bedroom prices.
However, given that income has only increased by 1.5% in the past 12 months, renters may have to stock up on bunk beds.
Finally, Jacksonville is in the top 10 with “steady annual price growth of 9.2% for one-bedroom properties and 2.2% annual population growth.”
And if you’re an investor looking for a bargain, you’re in luck. “The city’s affordable real estate market, combined with a 3.2% rise in personal income, makes it an emerging market with great potential for investors looking to enter at low rates.”
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