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The Top Places in Florida to Invest in Real Estate Property

Housing-Market / US Housing Mar 18, 2015 - 08:16 PM GMT

By: Submissions

Housing-Market

Peter Scully submits: For those who know the real estate market in Florida they will be aware that the prices vary across the state. The prices range from $37.36 per square foot in Kenneth City to $546.77 per square foot in Key Biscayne.

However, if you plan to invest and get out quickly whilst making a profit then Hialeah Gardens, Lauderdale-by-the-Sea and Atlantis are the places to choose. For those who want a strong investment with a beachfront then Miami-Fort Lauderdale is the popular choice but if you are planning on making an investment for the long run then the majority of the Florida housing market can work well.


The following locations in Florida are some of the best places in which to make investments.

Doral

This is an area that is affordable and has a low unemployment rate along with a healthy growth in population. This city between 2010 and 2013 saw more than 6000 new residents move to the area which is an increase of 14%.

Cape Coral

This is one of the largest cities with a population of 158,415 and an average sale price of $96 per square foot. Located in Lee County the residents are thinking about developments which could influence the value of real estate in this area.

Bal Harbour

Bal Harbour is a small area with a population of just 2,569 and it is an expensive place to invest with the price sitting around an average of $340 per square foot. However, there are many buyers looking for property.

Winter Garden

Located near to Orlando, it has a lot to offer those looking to invest. The population grew by 13% which suggests that the demand for housing could be high. There are jobs available which helps to keep the housing market buoyant and growing.

Homestead

Over half of the properties here have experienced an increase in value. Despite this, the cost of housing still remains affordable in a city with almost 62,000 residents. During the last two years, the price of sales has an average of $79.42 per square foot.

Miami Lakes

In this area, 57% of the housing has increased in value over the last ten years whilst vacancies have decreased by 3.6%. This is something that investors should be encouraged by as this suburban location could see investors paying a premium for being located just north of Miami. The average price per square foot here sits at $152.

Hialeah Gardens

The population here is 22,136 and where buyers are looking for a quick return on their investment which is why there are many options to choose from to simple flip housing.

Aventura

This community is one that is diverse and also growing and since 2010 the population has risen by 7.51%. The average sale price is $227 per square foot and there is the possibility to find properties that have views of the Atlantic Ocean.

Marianna

Marianna is one of those areas that harbour some excellent bargains and here the price per foot is $61. It is however attracting new residents and has shown a 28% increase in the population during the three years from 2010 to 2013.

Pinecrest

This is the second most expensive place in Miami-Dade County thanks to its price of $269 per square foot. There has been a small increase in the population recently of 1.54% and the leaders of the village are considering expanding the area.

Author Bio
Hopwood House are a UK based property investment firm with a track record for delivering high yield property investments for property investors both domestically and internationally. Hopwood House have a wide range of investment properties in a variety of countries including property for sale in the US, Asia, Europe and the UK.

© 2015 Copyright Hopwood House - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisor


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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