List of the most attractive locations in Florida for real estate investment

 

 

 

What makes Florida a great place to invest?

Florida remains one of the most popular US states. Comfortable climatic conditions appeal to foreign nationals from all over the world, which makes local properties extremely sought-after. Short- and long-term investments in real estate in the "sunny state" can be an excellent source of passive income for both overseas investors and entrepreneurs. When choosing an attractive-investment property in the state, the official website of Florida.RealEstate recommends focusing on location, as it is the key to profitable investments and successful business. This article describes the 5 most promising cities in Florida for favorable investment in housing.

Important elements of the success of the "sunny state"

In 2021, the Florida real estate market flourished and became one of the most advantages in the United States of America. Despite a predictable rise in prices and a low stock of ready-to-sell properties in the market caused by high demand for housing, positive trends continued in 2022. What made this happen?

• - Population growth. According to the U.S. Census Bureau, from July 1, 2020, to July 1, 2021, the population of Florida increased by 221,196, bringing the total number of residents to 21,781,128. State economists expect an average daily population growth of about 849 between April 1, 2021, and April 1, 2026. This growth will increase the number of tenants and home buyers from all over the world, which will improve the economy.

• - Excellent employment opportunities. In September 2021, the state registered a 5.4% annual labor force growth, which is much higher than the nationwide 0.8% increase. This suggests that investing in Florida real estate is a way to increase your net worth.

• - Lifestyle preferences. The pandemic has altered the preferences of home buyers in the state. People are looking not just for housing where they can sleep and store clothes, but a place where they can live in comfortable conditions with high-end amenities. Florida, known for its warm climate, has become a great place to move.

• - A thriving housing market. It offers a great deal of properties for every taste and budget thanks to brand-new residential complexes, apartments, cozy studios, villas and penthouses with land plots, commercial units and much more. Everyone will definitely find what they are looking for.

• - Affordable real estate prices. In the Florida market, you can find housing options worth several hundred thousand dollars. The houses with the highest prices are located in South Florida, but they are still not as high as the cost of housing in New York or California. Local developers offer off-plan housing at very attractive prices. By investing in an off-plan property, you can make a significant profit by the time it is completed.

List of the best cities in Florida for a bargain property purchase

Remote work and distance learning have allowed people to be more flexible in new conditions. This shift has led to residents from other parts of the country moving to Florida, which provides more favorable opportunities for traditional rentals.

Traditional rental guarantees a fixed monthly income during the rental period. The tenant will also be responsible for paying for utilities, so you don't have to worry about monthly bills.

Below is a list of 5 Florida cities that are considered the most attractive for buying real estate for rent.

No. 1 Palm Springs

• - Average property value: $205,262

• - Price per square foot: $195

• - Average monthly rental income: $1,414

• - Rental yield per year: 4.46%

No. 2 Margate 

• - Average property value: $225,054

• - Price per square foot: $187

• - Average monthly rental income: $1,582

• vRental yield per year: 4.39%

No. 3 Jensen Beach

• - Average property value: $671,681

• - Price per square foot: $407

• - Average monthly rental income: $2,763

• - Rental yield per year: 4.04%

No. 4 Royal Palm Beach

• - Average property value: $410,605

• - Price per square foot: $231

• - Average monthly rental income: $2,234

• - Rental yield per year: 3.79%

No. 5 Coconut Creek

• - Average property value: $295,225

• - Price per square foot: $210

• - Average monthly rental income: $1,852

•  - Rental yield per year: 3.75%

Start choosing a property in Florida

Florida.RealEstate offers its customers the best projects, a wide range of apartments, villas and penthouses, as well as commercial property for successful business in the state. The catalog contains up-to-date property prices in Florida, detailed information about real estate in various areas and the latest offers from homeowners and leading local developers with famous names, which make your choice easier and more comfortable. 

If you need to get professional advice from a specialist or support in purchasing a cozy apartment with all the necessary amenities for a comfortable life in the heart of the state, contact the manager on the website in any convenient way.