They say there’s nothing like a crisis to make people rethink their lives and the Covid-19 pandemic has done just that. For thousands of people, being shut at home has led to dreams of warmer, sunnier climates and a better lifestyle. Just like the one Floridians enjoy in the Sunshine State. As a result, property enquiries are on the rise and the Florida population looks set to surge.
When it comes to the US rental property, Florida metros regularly feature as the best. Homes in the Sunshine State offer investors cash flow and equity growth and bring together the ideal investment criteria. In 2020, three Florida cities took the top three positions in the US.
New figures show an increase on property value. In fact, home values have increased by 4.64% from 2018 in the same period. The forecast for home values in the US shows and increase of 2.2% over the next year. However Florida’s forecast is even more positive showing an increase of 4.09% over the next year.
Jacksonville is the largest city by population and area in the state of Florida. Home to 903,889 residents, it too has a growing population with a rise of 1.6 million expected by 2023.
At BRIC, we partner with successful and reliable property management companies such as Compass Property Management Group, a full-service Property Management Company. Compass Property Management Group has been awarded 2019 Best of Jacksonville Award
Florida vacation rental property ranks among the most profitable in the US. Find out which metros tick the best boxes and how much you can expect to make.