BiggerPockets | Comparing 3 of Florida’s Most “Polarized” Housing Markets @biggerpockets | Uploaded May 2024 | Updated October 2024, 11 hours ago.
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The Florida housing market is polarized, to say the least. Some cities are seeing strong rent growth, significant cash flow, and stable home prices, while others have huge housing inventory swings, declining rents, and feast-to-famine demand drops. To put it plainly, there is no “Florida housing market.” But there are a lot of housing markets in Florida, and we’re about to compare and contrast a few of the significant ones.
But instead of doing the usual Miami vs. Tampa or Orlando vs. Naples comparisons, we’ve picked out some of the more overlooked cities that still boast significant populations: Jacksonville, Cape Coral, and Tallahassee. Each of these Florida real estate markets has pros and cons, but some are a bit more dangerous to invest in than others. Which markets would Dave Meyer, VP of Market Intelligence at BiggerPockets, pick to invest in? And of those markets, what would he do to make the most money? Let’s find out!
Do you invest in the Florida housing market? If so, where do you see the most risk/reward for rental property investors? Let us know in the comments below!
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Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
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Property Manager Finder:
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Hear Dave on The “On the Market” Podcast:
link.chtbl.com/OTM
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Watch Dave on the “On The Market” YouTube Channel:
youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
00:00 Where to Invest in Florida?
01:34 Comparing the 3 Markets
04:01 Median Home Prices
05:19 Homes on the Market
08:00 Why Are Rents Declining?
09:54 Cape Coral Strategy
10:57 Jacksonville Strategy
11:48 Tallahassee Strategy
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Check Out More Episodes of “The Data Show”:
youtube.com/playlist?list=PLgSUZKLPRI9vHmKt2TaUkBMBxW_3QHCPh&si=cY6GmWluKUUC2-Ex
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Homeowners Are Slashing Prices In This Popular Region—Is There a Golden Opportunity For Investors?
biggerpockets.com/blog/floridas-gulf-coast-homeowners-are-slashing-prices-according-to-report?utm_source=youtube&utm_medium=description&utm_campaign=none
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The State Of Florida’s Rental Market: What The Data Means For Investors:
biggerpockets.com/blog/florida-rental-market?utm_source=youtube&utm_medium=description&utm_campaign=none
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Redfin Data:
redfin.com/news/data-center
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Connect with Dave:
BiggerPockets: biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or instagram.com/thedatadeli
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
The Florida housing market is polarized, to say the least. Some cities are seeing strong rent growth, significant cash flow, and stable home prices, while others have huge housing inventory swings, declining rents, and feast-to-famine demand drops. To put it plainly, there is no “Florida housing market.” But there are a lot of housing markets in Florida, and we’re about to compare and contrast a few of the significant ones.
But instead of doing the usual Miami vs. Tampa or Orlando vs. Naples comparisons, we’ve picked out some of the more overlooked cities that still boast significant populations: Jacksonville, Cape Coral, and Tallahassee. Each of these Florida real estate markets has pros and cons, but some are a bit more dangerous to invest in than others. Which markets would Dave Meyer, VP of Market Intelligence at BiggerPockets, pick to invest in? And of those markets, what would he do to make the most money? Let’s find out!
Do you invest in the Florida housing market? If so, where do you see the most risk/reward for rental property investors? Let us know in the comments below!
~~~~
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
~~~~
Property Manager Finder:
biggerpockets.com/findapm
~~~~
Hear Dave on The “On the Market” Podcast:
link.chtbl.com/OTM
~~~~
Watch Dave on the “On The Market” YouTube Channel:
youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
00:00 Where to Invest in Florida?
01:34 Comparing the 3 Markets
04:01 Median Home Prices
05:19 Homes on the Market
08:00 Why Are Rents Declining?
09:54 Cape Coral Strategy
10:57 Jacksonville Strategy
11:48 Tallahassee Strategy
~~~~
Check Out More Episodes of “The Data Show”:
youtube.com/playlist?list=PLgSUZKLPRI9vHmKt2TaUkBMBxW_3QHCPh&si=cY6GmWluKUUC2-Ex
~~~~
Homeowners Are Slashing Prices In This Popular Region—Is There a Golden Opportunity For Investors?
biggerpockets.com/blog/floridas-gulf-coast-homeowners-are-slashing-prices-according-to-report?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
The State Of Florida’s Rental Market: What The Data Means For Investors:
biggerpockets.com/blog/florida-rental-market?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Redfin Data:
redfin.com/news/data-center
~~~~
Connect with Dave:
BiggerPockets: biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or instagram.com/thedatadeli
