Do you like money? A lot of people have been using real estate as a source of secondary income. While investing your money can be risky, the reward could also be extremely beneficial if done correctly. We’ve told you that Florida is one of the most affordable states for a vacation home. Now, what if you turned that vacation home to a second source of income? Investing in real estate can help you do just that. But where should you get an investment property? Location is one of the most important factors. Luckily for you, this list has the best 4 Florida cities that you should invest real estate in.
Norada Real Estate Investments tells us the best 21 cities to invest in real estate. There are so many cities around the country to choose from, but Florida, North Carolina, and Texas had the most locations. Florida came in hot with 4 cities to choose from, and North Carolina and Texas had 3 cities each. For each city on their list they examine the population, job market, affordable housing options, and real estate market trends.
For some of the Florida cities listed, it might be worth looking into the towns outside of that city. There, you may find better options and cheaper prices for homes and condos.
[Source: Norada Real Estate Investments]
Here are 4 Florida cities that you should invest real estate in:
Orlando
Being home to some of the best theme parks in the world means Orlando is a hot spot for real estate. Families would love to own a vacation home by the city where they visit every year. Norada Real Estate Investments tells us that Orlando’s has one of the fastest-growing job markets with high-tech industries leading the way. If you were to buy a rental property near Orlando, we’re sure that you won’t have a problem finding a tenant or visitors to stay.
The median listing home price in Orlando FL was $362K in January 2023
Getty Royalty Free
Tampa
Tampa is right behind Orlando as a top tourist destination in Florida. With so many things to offer, it’s no reason why Champa Bay is thriving for real estate investors. Tampa might be one of those cities we mentioned earlier where you may have to look at towns outside the metro. For example, Seminole Heights is a growing neighborhood in Tampa that is set to be a hot real estate destination.
Norada Real Estate Investments tells us that the median listing home price in Tampa FL was $395K in January 2023.
Getty Royalty Free
