If you're looking for innovative real estate investing opportunities, Duval County, Florida is a great place to start. With a population of over 1.5 million people, Duval County is the most populous county in Florida and home to the city of Jacksonville, the state's largest city by population.
The real estate market in Duval County has been on the rebound in recent years, thanks in part to an improving economy and job market. The median home price in Jacksonville was $151,000 in 2016, up from $146,000 the previous year. And while there are still some pockets of foreclosure activity, the overall number of distressed properties has been declining.
There are a number of reasons why now is a great time to invest in Duval County real estate. Here are just a few:
1. Population growth: Jacksonville is one of the fastest-growing cities in the U.S., with a population that has increased by nearly 10% since 2010. This population growth is expected to continue as more people relocate to Florida for its warm climate and strong job market.
2. Economic expansion: The Jacksonville economy is diversified and growing, with new businesses moving into the area and existing businesses expanding their operations. This economic expansion is translating into more jobs and higher wages for residents, which is boosting demand for housing.
3 . Affordable housing: Housing costs in Jacksonville are still relatively affordable compared to other major metropolitan areas across the country. This makes it an attractive option for both renters and buyers who are looking for good value on their investment .
4 . Strong rental market: The combination of population growth and economic expansion is resulting in strong demand for rental properties in Jacksonville . According to Zillow , rents have increased by nearly 5% over the past year , making it a lucrative market for investors with rental properties .
Price Index: Jacksonville, FL