Jeff Klotz on Why You Need to Invest in Jacksonville Real Estate

Have you thought about investing in real estate? Investing in real estate is a fantastic way to receive a steady income, build wealth, and gain long-term financial security. You also are your own boss, so you get to be the decision-maker. Plus, you might enjoy some amazing tax benefits too!

Here are some reasons that now is a great time to invest in real estate in Jacksonville, Florida.

• Growing Market

Jacksonville’s population has increased by 24% since 2000. That’s more than Tampa and Miami, which have grown by 19.8% and 16.4% respectively. This population growth is a great sign for real estate— it means the market is growing too! Better yet, it shows no signs of slowing down. Jobs are expected to grow by over 35% in the next 10 years in Jacksonville, so there will be more people moving to Jacksonville and looking for housing— potentially in one of your properties!

• Affordable Housing

Much of Florida offers affordable properties for investors. Jacksonville, in particular, has some of the best pricing for houses and other investment properties. You can get more for your money here than you can in many other cities. The median investment property is around $320,000 and the median home price is $141,000. Both of these numbers are lower than the national average, and yet, the median monthly rent in Jacksonville ($1,150) is higher than the national average.

• Strong Economy

Florida has a very strong economy. In the United States, Florida is ranked at #4 for the largest economy behind California, Texas, and New York. This economy is supported by significant job growth in Jacksonville. Forbes ranked Jacksonville as the 7th best city for job growth in the future. Purchasing properties in a place with a strong economy is very beneficial for investors. You are more likely to find reliable tenants, tenants are less likely to lose their jobs and lapse on rent, and you’re more likely to have numerous tenant applications for your rental properties.

The growing population of Jacksonville paired with affordable housing and a strong economy make this a great time to invest in real estate here. If you’ve considered investing in the past, now is the time to do it. Ten years from now, you’ll be glad you did.