If you are searching for the best real estate markets to invest in, you may want to consider Florida. In a recent report on Forbes.com, the online real estate site Trulia ranked the top markets for real estate investing based on the following criteria:
- High Affordability
- Strong Job Growth
- Low Vacancy Rates
- Number of Home Searches on Trulia
- A Large Population of People Satisfied with the 2016 Presidential Election Outcome
Five out of the ten real estate markets mentioned in the report are located in the Sunshine State.
Coming in at No.1, this northeast Florida city of 1.3 million residents along the St. Johns River showed an impressive job growth rate of 3.8 percent in 2016, leading to a high ratio of inbound home searches on Trulia versus outbound searches by people wanting to leave. In addition to strong economic stability, the area also benefits from great schools, beautiful weather and close proximity to the Atlantic Ocean.
2. Cape Coral/Fort Myers
It wasn’t only the 80 degree weather that made this city along Florida’s southwest coast rank No. 2 on the list. The area has also had the fourth highest job growth in the nation. Another contributing factor was the sharp drop in vacancy rates over the past year.
3. Daytona Beach/Deltona/Ormond Beach
Due to a low unemployment rate of 6.2 percent and predicted job growth of 36.96 percent over the next ten years, this area of northeast Florida ranked No. 3 on Trulia’s list. The area benefits from some of the best weather in the country.
5. Tampa/St. Petersburg, Florida
Strong job growth with a large number of education related jobs propelled the Tampa market to No. 5 on the list. Of course, much like the other locations, the beautiful beaches and weather didn’t hurt.
10. Bradenton/North Port/Sarasota, Florida
Rounding out the list at No. 10 were these beautiful beach communities along Florida’s southwest coast. Unlike other Florida communities, this area is not a vacation-driven community. “Not only does it deliver on the natural beauty of its beaches and weather, but it also has the critical infrastructure — the arts, great schools, small to medium-size companies, small universities — that is critical to making a great community,” the study said.
Investing in Florida Real Estate
Crowdfunding is a simple way for investors to grow their personal wealth and diversify their portfolios.
RealtyeVest is a real estate crowdfunding company based in Jacksonville. Being in the heart of one of the fastest growing real estate markets in the nation, the company has the advantage of being close to its sponsors and investment opportunities.