Oct. 18, 2022
Real estate investment has always been one of the most profitable financial ventures. Investing in a property can bring many benefits, such as regular cash flow, building equity, tax relief, and more. At the same time, the state of Florida has been one of the most common options for people who want to move for work, retire or travel. Florida’s real estate market is one of the hottest in the country. Therefore, it’s time to connect the dots. Investing in a property in Florida is one of the best things you can do now. But what is the best location to start hunting for a perfect property? That is the guide you need – here are the top ten places to invest in real estate in Florida at the moment, with no regrets.
What makes Florida so unique?
When you’re ready to invest, picking the right location can determine the amount of success. Florida seems the safest option, and there are several reasons for it. The Sunshine State has been a popular choice among investors because:
● Its booming job market brings many new people to the state each year, increasing the demand for rentals and property sales. The population growth is the factor you shouldn’t overlook – a couple of hundreds of people move to Florida every day.
● It’s tax heaven – Florida is one of the best tax-friendly states in the country, which can make your investment a lot more profitable.
● It’s a perfect place to call home – more people work from home these days, so they make sure the place they live can give them a comfortable lifestyle. Florida’s climate and quality of living standards indeed make it a top choice.
● Affordability – Florida’s real estate enjoys low property prices compared to other locations in the country. Also, you can expect lower mortgage rates than the national average.
The Sunshine State undoubtedly has a lot to offer, and you shouldn’t think twice about whether or not you should pick this state for your investment. However, the thing you need to think about is the location of your property. Here are the top choices regarding the best real estate locations you can find here.
Where to invest? Top 10 places to invest in real estate in Florida
With so many people moving here for work, it’s no wonder Tampa belongs to this list. It has a fast-growing population and home prices below the national average. What’s more to look for?
Tampa is undoubtedly one of the best places to invest in real estate in Florida – explore its options.
2. Royal Palm Beach
The whole Palm Beach country seems like a great place to look for an investment property. Royal Palm Beach is one of the best locations to consider, as it still has a lot of growth room, and it’s not as expensive as other, more popular locations in this county.
Orlando is a big city, yet people look for more rental properties daily. Its population is increasing by about 2%, which tells you that investing in an Orlando property will not be a mistake. You can choose some of the city's hottest areas, such as College Park, Thornton Park, Lake Nona, and Metrowest, and pick the one that can offer you property within your budget.
Located just south of Tampa, Sarasota has all the right to belong on the list of the best places to invest in real estate in Florida. Rising prices and higher demand, along with its growing population, indicate that we’re talking about one of the healthiest markets in the state.
When we talk about the most remarkable places in Florida in any context, we can’t forget to mention Miami. People come to Miami to be at the center of all events related to technology, finances, and the retail industry. This results in a hot real estate market you shouldn’t be afraid to jump in!
Another gem in the real estate world – Jacksonville is undoubtedly one of the fastest-growing cities in the state. People move here for work and its affordability and high standard of living. Both rent and purchase prices are increasing, making it a great investment place.
7. St. Augustine
If you’re looking for a place to invest in a short-term rental, St. Augustine is the place to look for it. It is a popular travel destination, and this city always lacks great short-term rentals for visitors.
8. Coconut Creek
Located in Broward County, the home of some of the best investment properties in Miami, Coconut Creek presents one of the best places to live in Florida. Most residents own their homes, so if you’re investing in upgrading and reselling, this is a place to go. However, be sure to investigate all the investment opportunities in the area, making sure you pick the one that fits your needs and possibilities.
9. Fort Myers
The most decisive advantage of investing in Fort Myers is its affordability. However, its booming economy makes Fort Myers more and more popular these days, making it easy to rent or sell a home. Many students are looking for a home, and young professionals are moving here to build a career.
Another Florida tourist destination and a perfect place to invest in a rental – Ocala is undoubtedly one of the best places to look for an investment property. Its market thrives daily, with prices increasing and demand growing as well.
Know why you’re investing and what’s your goal – it will be easier to find the right property.
It may seem like a hard decision, but choosing the best place to invest in real estate in Florida is actually not difficult. The reason is that there are plenty of great locations in the Sunshine State, which makes it hard to fail. Choose the most suitable market, do all the necessary research and make a financial plan before investing your money into a property. Even though Florida is undoubtedly a favorable real estate destination, don’t forget to consider all the necessary factors before taking this step.