Gainesville-Lake City, FL

There is no doubt that the Gainesville-Lake City, FL CSA is a hotbed for real estate activity. The area has seen a surge in home sales and prices over the past few years, and there is no sign of this trend slowing down. The CSA is attractive to buyers for many reasons, including its affordable housing options, strong job market, and proximity to major cities like Jacksonville and Orlando.

The median home price in the CSA was $176,000 in 2017, up from $164,000 in 2016. This represents a healthy increase of 6.7%, and experts expect prices to continue to rise in the coming years. The number of homes sold in the CSA also increased last year, reaching a total of 9,040 units sold. This was an increase of 5.4% from 2016, and it shows that demand for housing in the area is strong.

One reason why the Gainesville-Lake City CSA is so popular with buyers is its affordability. Housing costs are much lower than in other parts of Florida, making it an attractive option for those looking to purchase a home on a budget. The median home price in Miami-Dade County, for example, was $345,000 in 2017 – nearly double what it was in the Gainesville-Lake City CSA.

The job market is another key factor driving demand for housing in the Gainesville-Lake City CSA. The unemployment rate was just 3% as of December 2017 – well below the national average of 4.1%. This low unemployment rate means that more people have money to spend on housing costs like mortgage payments and rent. Additionally, many people who work in Gainesville or Lake City commute from surrounding areas like Jacksonville or Orlando – making the CSA an appealing place to live for those who work outside of the region but want to avoid long commutes..