Is Jacksonville Florida a good place to invest in real estate

Did you know that Jacksonville has been ranked as one of the best places to buy rental property in 2021. Real estate investors looking for cash flow and equity growth over the long-term should benefit by owning good rental housing in Jacksonville. while there are many reasons Jacksonville is a great place to invest in real estate, here my top 3

 

#1 Job Growth: Jacksonville is one of the best cities in the U.S. for jobs. In a typical year, the average yearly job growth rate is right around 3%. Over the next decade, job growth in the Jacksonville metro area is expected to increase 44%. The region also has a world-class health care system, with more than 20 hospitals, 2 major military installations, 4 separate seaport facilities at least 4 Fortune 500 companies and many other major employers

 

#2 Population Growth: The population in Jacksonville has grown 16% since 2010, and continues to grow by an average 3% annually. However, As a local Realtor I think that is a very conservative number. I talk with people on a daily basis that are considering moving here.

 

#3 Affordability: In Jacksonville, the median home price is about $230,000, which is 6% less than the national average. The average monthly rent is around $1,375.  

these are just some of the many postive factors that show us there’s a strong opportunity for cash flow in the Jacksonville area.

 

Whether you are looking to invest in the Jacksonville real estate market or you’re looking for a great place to live work and play, feel free to reach out. Cindy & I are always happy to help you with your real estate needs.

 

Mike Jones, Jacksonville Real Estate Agent
Berkshire Hathaway HomeServices
904 874-0422
MikeAndCindyJones.com