Jacksonville is one of the fastest growing cities in Florida and has long been considered a popular choice for homebuyers. In fact, there are so many reasons why a Jacksonville home would make a great investment.
Jacksonville was the second largest metropolitan area in Florida, and the third-largest city within the state of Alabama at the time of its consolidation in 1967. It is now the seat of Duval county, with the City of Jacksonville itself serving as the central hub for commerce and business activity. As such, it is home to some of the country’s busiest airports, including Jacksonville International Airport, which has consistently ranked near the top of American cities for economic development and job growth. The city has also consistently experienced strong population growth, thanks in part to an influx of retirees looking to make their homes there.
A major business center is also located in Jacksonville, as well as major military bases. As a result, the number of Fortune 500 companies in the area continues to grow. This helps to contribute to the steady increase in home sales prices for Jacksonville homes, as well as the number of homes in the area that can be purchased in this housing market. Jacksonville real estate values have continued to increase steadily since the city’s incorporation as a county, and many homebuyers see this as a prime opportunity to own their own piece of property in a relatively stable community.
Jacksonville has also consistently been considered a “liveable” city, according to most statistical data. While the population growth of the city is generally expected to slow down over the next few years, home prices for Jacksonville homes remain fairly constant due to the number of people who live in this area. The unemployment rate is significantly lower than the national average, and Jacksonville is a good candidate for a strong job market. As such, the housing market is one of the few areas of the country that is considered relatively “healthy,” meaning that home values continue to rise at a steady pace.
Due to its large tax base, Jacksonville also has a fairly solid transportation system and is known as one of the most reliable places in the country for car and truck rental. This is especially true for commuters looking to commute to their jobs in this area. Many car rental services will only operate vehicles in this area during peak hours, which allows residents to save money on gas costs.
Overall, homebuyers in Jacksonville can expect to find the homes they are looking for at competitive prices, which makes the area a prime place to buy in today’s major job market. There are a number of homes available in Jacksonville that are affordable enough to purchase, while at the same time offering a solid education and health care community. In short, Jacksonville homes are one of the best places in which to live in Florida – and offer the type of home value that will continue to increase as the economy in the area continues to improve.