Last Updated on June 21, 2024 by Surender Kumar
Are you having thoughts of making Florida a place to call home and your area of business? If yes, then you are on the right track because it has some of the best locations to live and invest in. From the warm climate to the sandy coasts, and ample sunny days, Florida has it all. In addition, the economy of Florida has several industries supporting it including tourism, banking, construction, aerospace, and health care. As much as the cities in Florida offer the family great places to stay the investors too can enjoy the business-friendly environment it has to offer.
Buying property sounds great on paper but there is more to it, so when investing you should always have calculated moves in mind. When looking for real estate markets, focus on cash flow and equity growth. The cash flow represents the amount of money that streams in on a monthly if not a regular basis. Equity growth is the value that the property continues to gain as time goes by.
As such, if you can find a market that has job growth, population growth, and affordability then you have the three main factors at play for the success of your investment. With this in mind here are some of the cities in Florida that can be areas for great investments and living, here is a list according to ChanceRealty.com.
Table of Contents
1. Orlando
Orlando is by far one of the best places to invest and live in. The population here has surpassed the 3 million mark and it’s still growing. With this population increase, it is very much inevitable that the prices of owning a house will go higher. Housing in Orlando has also been affordable dating back from the economic crash and up-to-date, it has been a hotspot for many investors within and outside its borders.
Living in Orlando is as great as investing in it. The region has quite a young population and the availability of quality education programs makes the city superb for raising a family.
2. Jacksonville
Moving and starting a family or investing in Jacksonville is among the best decisions you can make because it ticks all the boxes for the top cities in Florida. It holds a large number of young inhabitants when compared to other neighboring cities. The city hosts twelve high schools that are highly ranked in the entire country. On most parts of the East Coast of Jacksonville, you will find affordable housing for different types of houses.
Generally, housing in the whole of Jacksonville is quite inexpensive, that it goes below not only the US housing national average but also the Florida average. The employment rate in Jacksonville is also incredibly high, which impacts the overall housing market. For any investor looking to take advantage of some of the important factors like rapid population growth, the availability of job expansion, and wholesome affordability then Jacksonville is without a doubt, a jackpot.
3. Miami
Miami is the most vibrant city in Florida, which explains why it is one of the favorite cities for most US tourists. It is still growing in terms of the economy and very soon it might be the largest international business hub not only in the U.S. but also in the entire world. Miami is what people picture when talking of Florida and it is quite understandable. The place has beautiful beaches, perfect sunny weather and to top it all off it is a meeting point for a population that has diverse cultures.
The investments, as much as job opportunities that are available in Miami are based on the booming tourism industry. This is because the tourism industry has played a key role in giving life to the banking and hospitality sectors. Due to its popularity, the population is still growing and that has made the housing cost higher than many other regions of Florida. This makes the real estate market in Miami one of the most lucrative businesses.
4. Kissimmee
Kissimmee, one of the small cities of Florida provides investors a great opportunity to invest in real estate. Its residents get to enjoy other amenities that are available in adjacent cities, which is facilitated by the timely commute through the city. The area has a great and easy-going culture making it a great region for raising both an old and a young family.
Due to its proximity to Orlando, most people find it favorable to live in the affordable confines of the small town while enjoying the thrill and excitement of all the amusement parks in its neighbor’s territory. This has driven the rising population in Kissimmee. Also, the affordable cost of living and availability of health care makes it an ideal location for starting a family. Investors too can use affordable housing to their advantage, from purchasing, refurbishing, and reselling homes these are some of the strategies for most investors.
5. Tampa
Besides being a big city, Tampa offers endless opportunities for both residents and non-residents. In fact, the weather and recreational facilities have made Tampa a center for many visitors. This is one of the reasons for the expanding population and a growing economy. In addition, the houses are quite inexpensive for any household size. To top it up, Tampa hosts retirement communities, public shopping centers, health care organizations, and educational institutions so you can be assured that the well-being of the family unit is catered to.
When it comes to investment opportunities, Tampa is notorious for diverse markets for potential investors to grow businesses in. Also, it is among the fastest-growing regions due to its focus on the creation and development of jobs. Different growing industries in Tampa have heavily contributed to high job creation. A few established companies in Tampa have also played a huge role in creating job opportunities for residents. It is also safe so whether you are looking for a location to invest or settle with your family, there is little to worry about.
Wrap Up
Once you are satisfied with a certain place, you could either choose to buy or rent a home. And depending on the kind of lifestyle you want to live, there are different neighborhoods for you to choose from. If you are lucky, you will be able to use local programs focused on helping new homeowners to find what they are looking for.
I am a passionate blogger having 10 years of experience in blogging and digital marketing. I started List Absolute in 2018 to give my passion a live platform. I have also a good hand in writing unique and quality content. Here I contribute in my free time. Thanks for reading. Let me know if I can help you get your work done in a timely manner.