These 4 cities are Currently the Best Investment Locations in Florida
Florida has many up-and-coming cities and towns within it, thanks to gentrification, booming local economies and businesses being attracted to the state thanks to low tax rates.
If you’re looking to relocate to Florida and find affordable properties in great areas, or even if you’re looking to make an investment with the best returns, be sure to take a look at these up-and-coming regions in the state.
Winter Garden:
Winter Garden is a Florida city located in Orange County. It is just 14 miles to the West of downtown Orlando, and as of the 2010 census, it has a population of just under 35,000 people.
Winter Garden consists of 32 neighborhoods, consisting of condominiums and apartments, as well as large residential properties in gated communities. The city of Winter Garden has long been a historic and desirable place to live, but with many businesses moving to the region in recent years, investment is a more exciting opportunity than ever.
The population of Winter Garden has recently grown by more than 13%, and the vacancy rate has begun to decline – indicating an increasing demand in property in the region. It is also conveniently located within easy traveling distance to large tourist attractions, including Disney World.
According to the most recently available data, the unemployment rate in Winter Garden is just 2.8%, which is lower than the 5.6% average across the whole of Florida. So if you’re looking for properties that are either ideal for investment, or for raising a family in, Winter Garden might just be the right place.
Miami Lakes:
Miami Lakes is an incorporated town in Miami-Dade County. As per the 2015 census, the region had just under 31,000 residents. Development in the area began until 1962 by the Graham family, and it continues to this day.
For those looking for a family home, Miami Lakes has four public schools, two private schools, and a vocational school.
For investors, the fact that 57% of the area’s housing stock has increased in value over the last decade, and property vacancies have dropped by 3.6%. This is an incredibly good sign for investors who are looking to obtain a return over the next few years. Currently, the buyers will pay an average of around $152 per square foot, but if trends continue, this price is expected to rise.
Homestead:
In Miami-Dade County, Homestead is a Floridian city that is home to large homes and agricultural properties.
Incorporated in 1912, this is the second oldest city in Florida. It is home to over 20 schools and educational facilities. There are also plenty of points of interest, making it popular with residents and tourists alike. These include the Biscayne and Everglades National Parks, theaters galore, and the Homestead-Miami Speedway.
56% of homes in the area have increased in value over the last decade, too. This is despite the fact that housing has remained generally affordable. The population has increased to over 61,000 residents, and buyers can expect to spend around $79.42 per square foot, in the current market.
As interest grows in the region, homes will increase in value
Aventura:
Aventura is a planned city, meaning its developments have been carefully planned and mapped since its inception in the early 1970s. As a new town, Aventura is home to a number of large residential properties and communities.
The city has great public transport connections, the Miami-Dade Transit Metrobus system, on top of the Broward County Transit bus system. Education is easily accessible, too, with charter schools, public schools and other educational facilities available – making it ideal for those looking to settle down and start a family.
There are many high-rise condos available in the region, owing to the rising population over the last 25 years, and currently, a buyer should expect to pay around $227 per square foot. As the population continues to increase, investment opportunities are becoming increasingly desirable.
Investment opportunities across the State:
Florida is home to many other cities and regions with growing populations. The market moves quickly, and with a growing population, low taxes and booming industries, Florida is home to great investment opportunities as well as large residential communities with houses, apartments, and condos.
If you’re looking to sell or buy your dream property in Florida, Beycome.com has the online resources you need to make it possible.
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