Some cities in Florida are blooming with investment opportunities. The qualities a town needs to qualify are a brisk economy, jobs and more jobs on the horizon, and affordability. They need to be business and family friendly, and bring in tourist dollars with successful attractions.
We are not the only ones who believe in Florida. Forbes completed a study looking for the Best Buy Cities. Other states ranked well also, but Florida’s top four cities meet all the qualifications and some areas are undervalued.
One of the populated cities in America, this large city can absorb them all in its 747 square miles of a combination of metropolitan areas and beaches. This city is home to the University of North Florida and sponsors the Jacksonville Jazz Festival, which is the second largest jazz festival in the US.
There is plenty of golfing challenges. The PGA announced they are creating 300 positions at their New Global Headquarters in Jacksonville, Florida. In addition, private-sector employment added 18,000 more jobs, which dropped the unemployment rate by 1.1%.
The median home price for real estate in Jacksonville is $175,928. This includes all properties from condominiums to single-family properties.
The theme park capitol of the world has way more to offer than just and tourism and happiness in life. Technology plays a major role in new business, and this has been pulling in the new crop of residents. These tech people are looking for homes to buy and places to rent, and they range from IT managers to high-level programmers.
The City of Orland is committed to this new growth. They are investing $65 million to improvement infrastructure, beltways and new fire stations. All of this to handle the new increasing demands. The funds collected are from bonds, the city general fund, and the Community Redevelopment Agency (CRA).
The median price of all style of homes in Orlando is $220,000.
West Palm Beach
Located on the Florida Panhandle, this resort town is also attracting the technology sector. They offer outdoor activities from golfing, the Lake Worth Lagoon, and the Lake Pavilion plus plenty of nightlight, the arts, and restaurants.
The Downtown Development Center won the Knight Cities Challenge, a grant that funds city to increase work, play environments, and improve living conditions. Thirty-three grants were offer and beautiful West Palm Beach was one of the lucky recipients.
West Palm Beach wants to continue to attract all types of business, such as boutiques, gourmet foods, and art galleries. Catering towards the tech field, families, and tourist makes a good combination.
Factoring all real estate again, the median home value for West Palm Beach is $215,000.
The Gulf Coast city is home to defense manufacturers and contracting, which has put a high demand on property. Theme parks and museums bring in families. Tampa also draws students and faculty with the University of Tampa and the University of South Florida.
While the need for housing grows, the need for agents in all Florida title loan locations, mortgage offices, and real estate companies will increase throughout Tampa and the state. The service industry and construction will need more tradesmen and workers as well.
The median property value is $223,250. Trulia provided all property values.