Top LocationsWhat’s Great About Jacksonville Real Estate by Mays Kuhail April 23, 2017February 3, 2019 by Mays Kuhail April 23, 2017February 3, 2019Considering Jacksonville real estate, are you? Well you have a point as it is one of the nation’s most appealing real estate markets at the moment. Jacksonville real estate is a great investment opportunity for several reasons. After all, Jacksonville, as well as Florida, is among the fastest growing populations in the nation – making it the12th most populous city in the country.Related: The Ultimate Guide to Getting Started in Real Estate InvestingJacksonville Real Estate OverviewSo why exactly is Jacksonville such an attractive market? Jacksonville real estate is in short attainable, affordable, profitable, and is growing.The average median home price in Jacksonille, FL is $223,640, which makes it a very affordable housing market where Jacksonville real estate investors get to maximize their return on investment. Additionally, the city remains one of the hotter markets nationwide in terms of total equity gains and appreciation. According to FortuneBuilders, Jacksonville’s 1-Year Appreciation Rate is 7.5%.Jacksonville’s also got a very strong job market which puts it among the top US cities for job seekers. The city reported a 3.8% job growth rate last year. The Naval Station Mayport alone has reported its creation of thousands of job opportunities within the next five years in its naval stations. This means that thousands of employees, also known as your future tenants, will be seeking homes to live in. Experts claim this will cause a surge in housing and rental prices. So if you’re considering Jacksonville real estate for your next investment, now is probably the time to go for it!Jacksonville, like many other markets in the US, suffers from a mild inventory tightening. And with the increase in saturation in Jacksonville real estate market, inventory is likely to continue to tighten, despite new housing construction projects.Jacksonville is attracting many young job seekers and families, and is also where many Millennials are heading. The city sure is anticipating further growth in the rental market, and economy as a whole. This is why many investors are attracted to Jacksonville real estate.Related: Investment Property Statistics: USA 2016Top Jacksonville Real Estate NeighborhoodsOur top three Jacksonville real estate neighborhoods are Riverside, Avondale, and Murray Hill. Riverside and Avondale are adjacent neighborhoods which were both chosen as the top 10 neighborhoods in the US (2010) by the American Planning Organization.Check out some numbers on each of those neighborhoods to realize the opportunity in investing in each of them.RiversideRiverside lies next to the St. Johns River. It’s known for being one of the oldest and trendiest neighborhoods in Jacksonville, and for having diverse culture, history, and a bo-ho vibe. Riverside is popular for its cool cafés, unique shopping experience, nightlife, boutique/antique, and King Street – a local beer and food district.Riverside also maintains its local vibe, and a good sense of community. So while a great Aibnb investment, it’s even a better traditional one. Many families are drawn to Riverside because of its safety, the existence of amenities, and general good quality of life standards.Median Home Price: $256,000Airbnb Occupancy Rate: 54.57%CoC ReturnAirbnb: 1.49%Traditional: 2.36%Average Rental Income/monthAirbnb: $978Traditional: $1,209AvondaleThe electric neighborhood of Avondale lies right next to Riverside. In fact, these two neighborhoods are often referred to as one extended neighborhood. The median home price is a bit lower in Avondale however, at $235,000. The neighborhood flaunts its restaurants, boutique shops, and oak tree-lined streets – which is why it’s no secret that it’s a favorite among Airbnb users and a great Airbnb investment.Avondale is very similar to Riverside in its beautiful boutique shops, restaurants, parks, the existence of amenities, and everything in between. You can say the neighborhood’s a more “gentrified” version of Riverside.Median Home Price: $235,000Airbnb Occupancy Rate: 57.37%CoC ReturnAirbnb: 3.88%Traditional: 1.95%Average Rental Income/monthAirbnb: $1,402Traditional: $1,020Murray HillA more affordable option for Jacksonville real estate is Murray Hill. The neighborhood is home to many of the city’s famous parks including Jasmine Park, Four Corners Park, Murray Hill Playground, among others. The neighborhood’s also known for its eccentric restaurants and bars. Murray hill is a great traditional as well as Airbnb investment. Many young families as well as retirees choose it as their destination. In addition, tourists consider it a lovely and convenient location to stay, being only a few minutes away from downtown.Median Home Price: $147,400Airbnb Occupancy Rate: 43.62%CoC ReturnAirbnb: 2.37%Traditional: 2.67%Average Rental Income/monthAirbnb: $804Traditional: $852To Sum Up on Jacksonville Real Estate…All in all, Jacksonville is a promising real estate market and an ideal and affordable option for investors. The city will definitely maintain its growth in the next few years. But to maximize your ROI, now’s the best time to invest in Jacksonville real estate, before prices skyrocket.Finally, to make the most out of Jacksonville real estate, remember to use Mashvisor’s investment analytical tools to view information on CoC return, cap and occupancy rates, rental income, and much more. Once you’ve selected your desired city, we’ll take it from there. Our interactive investment property calculator will help you decide where the best investment in the city chosen is.Related: Tampa: Hot Weather, Hot Real Estate for 2017 Start Your Investment Property Search! START FREE TRIAL Affordable MarketsAirbnbCash on Cash ReturnJacksonville FLMillennialsTraditional 0FacebookTwitterGoogle +PinterestLinkedin Mays KuhailMays is a Content Writer and freelance creative writer with multiple years of experience in US real estate market analysis. Mays has background in communication, content development, and digital marketing. She holds a BA in Business Administration and Marketing. Previous Post What’s all this real estate crowdfunding? Next Post US Real Estate Trends: Mobile Homes and Mobile Home Parks Related Posts The 10 Cities with the Highest Rental Rates What Kind of ROI Can You Get with Airbnb Key West Real Estate? 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