Why Invest in Jacksonville Real Estate?
With one of the U.S.’s fastest-growing populations, a steady economy, and climbing rental rates, Jacksonville is a Florida city you want to consider investing in. Affordable entry prices, favorable upside, and average cap rates above 7 percent add to its attractiveness.
Payroll growth outpaces the national average here, and there are about 75,000 military-affiliated personnel in need of housing. In fact, Mayport Naval Station will bring 17 new combat ships and thousands of jobs over the next few years. Consequently, rents are expected to climb throughout the area, particularly in the Atlantic Beach region, where the naval station is located. Another reason to invest here? The swarms of tourists who give the local economy a boost during summer season, ensuring the cities sustained success.
- #22 Best Places for Business and Careers (Forbes)
- Three important naval air stations within the city limits
- Strong manufacturing base i.e. Northrop Grumman Corp. (aircraft), Anheuser-Busch Companies Inc. (beer), and Vistakon
- Booming tourism & hospitality industry
Getting Started in Real Estate Investing? INVESTimate® Can Help
INVESTimate® is the leader in residential real estate investment. With the use of big data and machine learning, we analyze information on millions of single family homes in Jacksonville; and across the United States and calculate home values RENTestimate for every property in Jacksonville, FL. If you’re looking for the best investment properties across the country, visit our comprehensive investment site.