Top LocationsThe 10 Best Places to Invest in Real Estate in Florida in 2020 by Eman Hamed March 21, 2020March 14, 2020 by Eman Hamed March 21, 2020March 14, 2020If you’re on the lookout for outstanding real estate investment opportunities, the Florida housing market is the place to be. Florida is one of the hottest and most rewarded real estate markets in the country. Last year, the market performed exceptionally well and the same is expected for 2020. However, real estate investors know that limiting your focus down to one state just wouldn’t be enough to help you find great deals. Each city has its unique housing market which may or may not be great for buying rental property in Florida. To help you be one step closer to finding your next Florida real estate investment, keep reading! Below, you’ll find a list of the best places to invest in real estate in Florida in 2020 according to Mashvisor’s real estate data and predictive analytics.To learn more about our real estate investment software and how we help investors in the US housing market, click here.Florida Housing Market Trends 2020 But before we start counting the best cities in Florida for real estate investments, you’re probably thinking “why do investors still love buying property in Florida?” Well, there are a number of housing market trends that support Florida and make it one of the best states to invest in real estate. First of all, 3 out of the 10 best places to invest in real estate in 2020 according to the PwC’s Emerging Trends in Real Estate report are cities in the Sunshine State. Those top cities to invest in Florida real estate are Orlando, Tampa, and St. Petersburg. If you’re interested in reading more about each market and what made them be on top in 2020, we recommend reading the following:Orlando Real Estate Market Report Tampa Real Estate Market Report Furthermore, the median property price for Florida homes for sale is $463,283 ($257 price/square foot) according to Mashvisor’s data and experts predict it will grow by only 1.8% in 2020. This small gain is mainly due to the multiple hurricanes that hit Florida in recent years. This tells real estate investors that while the Florida real estate market is still hot, it’s started to cool down recently. Meaning, once you’ve located the best places to buy rental property in Florida, you have the chance to find an affordable Florida investment property.Related: How to Easily Find Affordable Houses for Sale for Real Estate InvestmentJob Market Growth When trying to identify the best states and cities to invest in real estate, one of the most fundamental factors to look at is the economy and job market. As for the Florida real estate market 2020, it is backed by a diverse and dynamic economy. The state has a reputation for being an ideal business location. The proactive, business-friendly government in Florida continues to attract new high-wage jobs for workers who can compete on a global scale. According to Forbes, job growth in Florida was 2.6% last year and the state created 22,500 new jobs in August alone in sectors such as tourism, agricultural, aerospace, and financial services.The availability of jobs, along with Florida’s tax advantages and relatively low cost of living, has helped attract more people than most other states. Moreover, this job growth is spread evenly throughout the Sunshine State which explains why it ranks as the 7th best state for doing business nationwide. As for the unemployment rate in Florida, it’s only 3.3% and keeps ticking down. In return, this has contributed to an overall increase in the demand for housing – and more Florida real estate investment opportunities to meet this need.Start looking for profitable rental properties for sale in the best places to invest in real estate in Florida right now using our search tools! Search for My Investment PropertyPopulation Growth The previous trend leads to yet another reason why you should consider buying a Florida investment property. As a result of Florida continuously ranking as one of the top states to start or grow a business, there is an increasing number of young professionals flocking to the state in search of new jobs and career opportunities. And it’s not just young professionals who are attracted to living in Florida – the Sunshine State has something to offer to people of all ages. From students to the people in their golden age coming here to retire and enjoy the perfect weather. The Florida lifestyle, low cost of living, low property taxes and insurance, no state income tax, and exceptional health care – these are what bring many people to the Florida housing market.Needless to say, this ongoing expansion in the population is only going to boost the existing demand for housing and long-term rental properties. The Florida rental market is actually very strong as the rate of rental households here keeps growing while homeownership rates have fallen below 50%. Therefore, if you are thinking about investing in Florida real estate, you should go and do it in 2020! According to Mashvisor’s data and analytics, Florida real estate investors can expect to earn $1,831 in traditional monthly rental income.Related: How to Find the Best Rental Investment MarketsBest Places to Invest in Real Estate in Florida Traditional RentalsThinking of investing in traditional Florida income properties that generate positive cash flow and yield a good return on investment? Here are the cities in Florida where real estate investment opportunities are bound to keep getting warmer in 2020:#1. Rotonda WestMedian Property Price: $302,438Price/Square Foot: $160Price to Rent Ratio: 9.4Monthly Traditional Rental Income: $2,654Traditional Cap Rate: 5.4%#2. Cedar KeyMedian Property Price: $320,076Price/Square Foot: $251Price to Rent Ratio: 10Monthly Traditional Rental Income: $2,612Traditional Cap Rate: 5.1%#3. Summerland KeyMedian Property Price: $969,787Price/Square Foot: $555Price to Rent Ratio: 16Monthly Traditional Rental Income: $5,048Traditional Cap Rate: 4.2%#4. BonifayMedian Property Price: $189,392Price/Square Foot: $111Price to Rent Ratio: 11.5Monthly Traditional Rental Income: $1,373Traditional Cap Rate: 3.6%#5. PlacidaMedian Property Price: $504,324Price/Square Foot: $313Price to Rent Ratio: 12.6Monthly Traditional Rental Income: $3,333Traditional Cap Rate: 3.5%Best Places to Invest in Real Estate in Florida Airbnb RentalsFlorida is a fast-growing vacation rental market seeing as it’s one of the most popular destinations for tourists worldwide. For many Florida real estate investors, this makes it a great location for investing in short-term rentals. Buying a vacation home and renting it out on Airbnb is actually the optimal rental strategy for many investors across the nation. But is it legal to invest in an Airbnb Florida rental property in 2020? Yes – for the most part, the Sunshine State is very Airbnb-friendly and Florida Legislature prohibits cities from regulating short-term rentals.Related: 20 Cities with No Airbnb Legal Issues in 2020According to Mashvisor’s data, the best places to invest in Florida real estate for Airbnb in 2020 are:#1. PerryMedian Property Price: $563,927Price/Square Foot: $293Average Daily Rate: $196Monthly Airbnb Rental Income: $3,446Airbnb Occupancy Rate: 53%Airbnb Cap Rate: 8%#2. Beverly HillsMedian Property Price: $248,697Price/Square Foot: $119Average Daily Rate: $129Monthly Airbnb Rental Income: $2,681Airbnb Occupancy Rate: 50%Airbnb Cap Rate: 6.4%#3. SeffnerMedian Property Price: $290,085Price/Square Foot: $144Average Daily Rate: $174Monthly Airbnb Rental Income: $3,371Airbnb Occupancy Rate: 63%Airbnb Cap Rate: 6.4%#4. ValricoMedian Property Price: $337,728Price/Square Foot: $137Average Daily Rate: $139Monthly Airbnb Rental Income: $3,865Airbnb Occupancy Rate: 68%Airbnb Cap Rate: 6.3%#5. Key WestMedian Property Price: $1,079,868Price/Square Foot: $746Average Daily Rate: $592Monthly Airbnb Rental Income: $8,431Airbnb Occupancy Rate: 66%Airbnb Cap Rate: 5%To start looking for and analyzing the best investment properties (both traditional and Airbnb) in your city and neighborhood of choice in the Florida housing market 2020, click here.The Bottom LineIf you believe that you’re ready to start investing in rental properties, then you can’t go wrong with these best places to invest in real estate in Florida in 2020. It’s important to keep in mind, however, that even when you know where to buy a house in Florida, you still have to know how to find the best real estate deals there. It’s not always as easy as driving for dollars and other traditional property search methods. In 2020, the best way to find affordable and profitable income properties in any location is by using a number of real estate investment tools like the ones Mashvisor has to offer (learn more about them here).So, if the time is right to start searching for homes for sale in the best places to invest in Florida real estate, this means it’s also a good time to get your hands on some great investment tools by joining Mashvisor. Start out your 7-day free trial with Mashvisor now to find the best deals in all of Florida’s most promising cities in 2020! Start Your Investment Property Search! START FREE TRIAL AirbnbFloridaKey West FLLocationTraditional 0FacebookTwitterGoogle +PinterestLinkedin Eman HamedEman is a Content Writer at Mashvisor. With a focus on market reports, she enjoys researching the state of the real estate market in different cities across the US. Eman also writes about trends, forecasts, and tips for beginner investors to gain the confidence and knowledge they need to make wise decisions. Previous Post Will the Housing Market Crash in 2020? Next Post How to Find the Best Vacation Rental Investment Related Posts 9 Best Neighborhoods to Buy a 2019 Orlando Real Estate Investment 4 Affordable Neighborhoods in the Los Angeles Real Estate Market Are These US Cities a Buyer’s Market or Seller’s Market? Why Investing in American Real Estate Is Your Best Option? Will 2019 Be the Year to Invest in the Phoenix Housing Market? 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