Where should investor clients be looking for their next property: Markets that matter
Brokers armed with this information can now develop strategies for investor clients that are considering expansion. While there are bigger markets with higher property values available nationwide, it’s these subtle, underrated markets in the Midwest that can act as an early launching pad for investors that want to get their first taste of scaling.
Florida flourishing
Due to the countless destinations that range from major cities to smaller beach towns, Florida has always been a hot spot for real estate investing. The two markets gaining the most attention currently are Jacksonville and Orlando.
Proximity to amenities and pleasant weather all year round has never been an issue for cities in Florida, but it’s the underlying statistics that are furthering the case for investors to enter these markets. As a broker, it’s important to walk clients through more than just surface level attractions to specific markets. Equipped with the right data, a broker quickly becomes a trusted advisor for investor clients by helping them make those informed decisions rather than emotional ones.
Just a few years ago in 2022, Yahoo Finance named Jacksonville the 5th fastest growing city in the U.S. That number alone should pique the interest of real estate investors due to the increase in buyers and renters that comes with that type of growth.
In article published by JWB Real Estate Capital, the Jacksonville metro grew by more than 10% from 2019 to 2023, home prices are roughly 10-15% below the national average. Another strong combination that breeds countless opportunities for real estate investors. There are also a multitude of different neighborhoods in the Jacksonville area, allowing for investors with different price points to enter the market and still be successful.
