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 Wants to Earn High Rates of Return with their Investment Capital or  IRA Safely & Securely

What is private lending?

Q: What does it mean to become one of my Private Lenders? A:  When I desire to borrow money by offering the property as collateral, I give my Private Lender an opportunity to make the loan… and earn high-interest rates that are up to 14 times as much as the rates you can get on bank CDs or other traditional resources.

How is the money used?

 

Q:  How will I be using your money? A:  As a professional real estate investor I need to fund new purchases, sometimes do renovations and fix up properties… plus cover the other costs associated with buying and selling houses.

            For properties we already own and manage, there are times when we want to convert some of our equity into cash -- without selling the property. This cash may be used to fund our house-buying business, pay off other real estate notes that come due, and handle other cash needs.

Why?

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Q:  Why don’t you go to banks or mortgage lenders?

A:  Banks and other lenders require applications, and approvals and must follow guidelines imposed

by the banking industry. Plus, there are limits to the number of loans they can make to any one company or investor. On top of that, the time it takes for their approval process is never certain.  I can move much faster without these limitations by using Private Lenders. That allows me to negotiate more profitable deals while offering homeowners a quick and easy sale without a new loan or deal-breaking contingencies.

Q: How can I afford to pay such high rates? A:  I make my money by providing valuable services to sellers, buyers, renters, and Private Lenders. By cutting out the middlemen, I can avoid the costs normally paid out for real estate commissions, mortgage broker fees, loan fees, and property management fees.  I calculate my offers on properties so that buyers and sellers get a great deal. At the same time, a minimum profit of $30,000 to $50,000 is earned between the time of purchase and sale..

Help for sellers and buyers.

 

Q: How do I help sellers?

A: A lot of sellers today are having trouble finding a buyer. And there are typically a lot of hassles sellers must endure getting their home sold. Using a long-term investing approach, I can offer sellers an attractive price, close or take possession whenever they want… and give them an opportunity to avoid all the hassles of selling a house.

 

Q:  How do I help buyers?

A:  I offer several great programs and unique opportunities for buyers. This includes an owner financing program, a down payment assistance program, and a sweat equity program. Buyers today are finding it more and more difficult to qualify for loans. These programs help buyers get into a home they want to purchase quickly… allowing them to start building equity for the future ...

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Rate and term

 

Q: What interest rate do you pay?

A: That depends on the deal at hand, what works for you, and what works for me. It will be much higher than any CD or traditional investment. It also depends on the current market rates. 

Q: How long will my investment funds be tied up?

A: Most of my private loans are set up on a 12 to 18-month or 3 to a 5-year term. However, it depends on what the Private Lender wants and needs… and what the property deal. So, depending on our plan for the property, we might be able to offer you a shorter term… or we may ask if you’re willing to commit to a longer-term plan. Regardless, you’ll always decide what term works best for you. 

Q:    What if I commit to a longer-term and then need my money sooner? A: My policy is to pay off (or replace) any Private Lender who requests an early payoff whenever possible. Sometimes a partial early payoff meets the lender’s needs, allowing the rest of their money to continue to earn high rates. I ask you to give me advance notice, preferably 90 days, so we can do whatever we can to meet your request. I would attempt to meet such a request by refinancing the property, selling the property, or most likely, having another one of my Private Lenders take over your position. There will be a 5% fee of the outstanding principal.

Q: Will I earn interest for the entire term of the note?

A: Your interest is fixed and locked in for as long as the note is out. However, I may sell or refinance the property before the full term is up. You’ll always earn your note interest until it’s paid in full. But I do have the right to pay off the note early.

Q: What if you pay me off only a month after I invest?

A: I understand you might be liquidating investments or foregoing another investment program to get a high rate of return. Therefore, I agree in writing, you’ll receive a minimum of 6 months of interest. So, if I need to pay you off sooner than expected, I

would either move your mortgage to another property by substituting the collateral or pay you off in full including a minimum of 6 months of interest earned.

Q: Will I receive monthly payments? A:  Most of my Private Lenders prefer letting the interest accrue and getting a big check when the property cashes out. A few Private Lenders prefer payments. These lenders are usually retired and have cash flow needs.

 

Minimum Investment

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Q:  What is My minimum investment? A:

 My “First Position Private Lenders” would usually need a minimum available to invest of $100,000 for most deals. However, there are some deals that come along now and then where a lower amount could be accepted.  My “Second Position

Private Lenders” would usually need a minimum of $30,000.

 

Guarantee?

 

Q: Is your investment program insured by the government? A:  No. There is no government back. 

guarantee on these real estate notes. However, your protection and security is the amount of equity in the property that secures the note. I will not allow my Private Lenders to loan more than 70% of the value of the property securing the note. That way, the Private Lenders always have at least a 30% “Equity Cushion” in the property.

 

IRS Approved for Retirement Accounts?

 

Q: Has the IRS approved using retirement accounts? A: YES! The IRS does establish guidelines that must be followed in order for a Retirement Account (IRA) to invest in real estate notes tax-deferred or tax-free. You’ll need the services of a company approved by the IRS to act as your custodian to invest your retirement funds. I have been very pleased with Quest IRA, Inc. I’ll be glad to answer questions about Quest IRA, Inc. and can provide brochures and information from Quest IRA, Inc.

 

Loan to value?

 

Q: How do I know if there’s enough value or equity in the property to sufficiently protect my investment? A: It’s my policy not to borrow more than 70% of the value of a property using Private Lender money. That leaves at least a 30% cushion of equity. You will receive full details on the value, status, and condition of the property whenever I present you with an opportunity to lend 

 

Cost and Insurance

 

Q: Do you provide title insurance? A:  Absolutely! I never buy a property without title insurance. However, if I am refinancing a

property there would be no need for a new title policy.

Q: Are there any Up-Front Costs? A: I pay for all closing costs, so your entire investment goes to work for you. I will pay for the closing real estate attorney, document prep fees, notary fees, overnight mail fees, bank wire fees, and 

recording costs. There are no charges or fees whatsoever incurred by you.

Q: What happens if the property burns down?

A:   A valid hazard insurance policy is always in place to protect against causalities. You’ll be named as a mortgagee. Insurance distributions would be used to rebuild or repair the property or used to pay you off.

 

Loan Positions

 

Q: Will my money be pooled with other investors?

A: No. Your funds will fund one real estate note secured by a Deed of Trust on a property with sufficient equity as protection.

Q:  What is a junior lien or second mortgage? A: It’s a loan secured by real estate that is positioned behind a senior mortgage or first mortgage. 

 

 

Documents and Paperwork  

 

  Q: What kinds of documents and paperwork will I receive?  A: Your closing package should include: Original Promissory Note, a Copy of the Deed of 

Trust or Mortgage, Copy of Property Insurance 

Binder naming you as the mortgagee, and a Title Insurance Policy insuring you against any title problems, Appraisal of the property.

Jacksonville Housing Market: Prices, Trends, Forecast 2022-2023

January 18, 2023 By Marco Santarelli

Jacksonville Fla
A Growing Population

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Without people, there’s no real estate. As the population grows, more people need a place to live. This means that over the long term, population growth drives increased demand for housing, and therefore a strong property market. Population growth also affects the property market by impacting the economy. At the same time, the supply of housing influences housing prices.                                                                 When the supply does not meet the demand, property prices rise.

Steady population growth in Jacksonville, FL offers the perfect market for real estate investments. Jacksonville is the largest city in the state of Florida and the largest city by area in the contiguous U.S.

                                        With a 2020 population of 1,064,658, it is the largest city in Florida and the 12th largest city in the United States. Jacksonville is currently growing at a rate of 1.22% annually and its population has increased by 12.12% since the most recent census, which recorded a population of 949,611 in 2020. Spanning over 875 miles, Jacksonville has a population density of 1,424 people per square mile.

Jacksonville Metro Area Population Trends

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  • The current metro area population of Jacksonville in 2022 is 1,314,000, a 1.31% increase from 2021.

  • The metro area population of Jacksonville in 2021 was 1,297,000, a 1.33% increase from 2020.

  • The metro area population of Jacksonville in 2020 was 1,280,000, a 1.35% increase from 2019.

  • The metro area population of Jacksonville in 2019 was 1,263,000, a 1.53% increase from 2018.

Jacksonville Real Estate Market Forecast 2023

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What are the Jacksonville real estate market predictions for 2023? Let us look at the price trends recorded by Zillow over the past year. Since the last twelve months, the typical home value in Jacksonville, FL has appreciated by around 19.6% (Zillow Home Value Index).

                 The typical value of homes in Jacksonville is currently $312,635. Jacksonville has been a seller's real estate market – indicating that there are more real estate buyers in the market than there are sellers.

 

The Jacksonville metropolitan area is the 40th largest in the country and the fourth largest in the State of Florida, behind the Miami, Tampa, and Orlando metropolitan areas. Jacksonville MSA consists of five counties — Duval County, St. Johns County, Clay County, Nassau County, and Baker County.

                                                          The Fed has indicated that more interest hikes are on the way in 2023. Therefore, looking at the current trends, Zillow predicts that home values in the Jacksonville MSA may rise by only 0.8% over the next twelve months ending November 2023.

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  • Duval County home values have gone up 19.5% to 322,378 over the past year.

  • St. Johns County home values have gone up 20.8% to $544,552 over the past year.

  • Clay County home values have gone up 22.2% to $367,888 over the past year.

  • Nassau County home values have gone up 27.4% to $500,952 over the past year.

  • Baker County home values have gone up 23.4% to $308,205 over the past year.

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Jacksonville Real Estate Investment Overview
 

Now that you know where Jacksonville is, you probably want to know why we’re recommending it to real estate investors. Is Jacksonville a Good Place for Real Estate Investment?  
                                                                    You need to drill deeper into local trends if you want to know what the market holds for the year ahead. We have already discussed the Jacksonville housing market forecast for answers on why to put resources into this market. Purchasing an investment property in Jacksonville real estate is a little different from shopping for your car or primary residence.

While you still want to get the most for your money, if you are looking to make a profit, you don’t want to buy the most expensive property on the Jacksonville real estate market and expect to make a good profit on rents.
                                                                Perhaps you are looking for a slightly different hold-over, a turnkey investment property in Jacksonville that you might move into or sell at retirement in the future! Either way, knowing your profit potential and purpose is the first thing to consider.

Jacksonville is the 50th most walkable large city in the US. It has minimal public transportation and does not have many bike lanes. The most walkable Jacksonville neighborhoods are Downtown, Riverside, and San Marco. Jacksonville has a mixture of owner-occupied and renter-occupied housing units. It is a big rental property market.

According to Neighborhoodscout.com, a real estate data provider, three and four-bedroom single-family detached homes are the most common housing units in Jacksonville. Other types of housing that are prevalent in Jacksonville include large apartment complexes, duplexes, rowhouses, and homes converted to apartments.
                                 Let’s learn more about Jacksonville and find out why one should invest in this affordable and sizzling real estate market. These things make Jacksonville real estate market stand out when it comes to choosing a place to invest in 2022 and beyond.

Why Is Jacksonville Real Estate Market So Hot For Investment?

ABOUT JACKSONVILLE, FLORIDA
 

  • Jacksonville is the largest city in the continental United States with over 840 square miles.

  • It is the most populous city in Florida as well as the southeastern United States.

  • The Jacksonville metropolitan area is the fourth largest metropolitan area in Florida.

  • Jacksonville is a major military and civilian deep-water port.

  • Its estimated population is 903,889 according to the most recent United States census estimates.

  • The current Jacksonville metro area population is 1.5 million.

  • The overall median age is 35.8 years, 34.6 years for males, and 37.2 years for females – Worldpopulationreview.com

  • Ranked #26 in Job Growth – Forbes.

  • Ranked #22 in “Best Places for Business and Careers” – Forbes.
     

JACKSONVILLE HOUSING MARKET STATISTICS
 

  • The most prevalent building type in Jacksonville is a single-family detached home.

  • The city has a mixture of owners and renters, with 54.76% owning and 45.24% renting – “Neighborhoodscout.”

  • There are more than 500 neighborhoods within Jacksonville's vast area.

  • Additionally, greater Jacksonville is traditionally divided into several amorphous areas, comprising large parts of Duval County.

  • Jacksonville real estate has appreciated by 148.53% over the last 10 years.

  • Which amounts to an average annual home appreciation rate of 9.53%.

  • The typical home value is $312,635 – ZHVI.

  • +0.8% 1-yr price forecast – ZHVF.

  • Jacksonville rental real estate market remains healthy and affordable for most renters.

  • Researchers are predicting there will also be a housing shortage in Jacksonville and other parts of Northeast Florida.
     

JACKSONVILLE'S ECONOMIC & JOB GROWTH INDICATORS
 

  • Jacksonville's economic activity is diversified.

  • Significant factors in the local economy include services such as banking, insurance, healthcare, information services, manufacturing, biomedical technology, and logistics.

  • Leading port in the U.S. for automobile imports.

  • Leading transportation and distribution hub in the state of Florida.

  • Jacksonville is home to the headquarters of four Fortune 500 companies.

  • The city's manufacturing base provides 4.5% of local jobs, versus 8.5% nationally.

  • Professional and business services are the fastest-growing sectors, followed by construction and mining and leisure and hospitality.

Jacksonville Housing Market: Trends and Forecast 2024-2025

November 13, 2024 by Marco Santarelli

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Are you thinking about buying or selling a home in Jacksonville in 2024? The Jacksonville housing market is showing signs of a shift after a period of intense growth. Home prices are still elevated but have seen a slight slowdown in growth, and the

 

market is becoming less competitive for buyers.

It appears that the days of frenzied bidding wars and homes selling way above asking price are starting to fade, offering a more balanced opportunity for both buyers and sellers. Let's dive deeper into the current Jacksonville housing market trends to help you understand what's happening and what you can expect in the coming months.

 

Jacksonville Housing Market Trends in 2024

Home Sales

 

Based on data from Redfin, the number of homes sold in Jacksonville in September 2024 has decreased slightly compared to the same period last year. Specifically, there were 1,000 homes sold in September 2024, down from 1,095 in September 2023. This represents a -8.7% decrease year-over-year. While this dip isn't dramatic, it indicates a cooling of the previously very hot market.

I think that this cooling trend is a natural response to several factors. Interest rates have risen, making mortgages more expensive, and potential buyers are becoming more cautious about making large financial commitments. Also, sellers who held on to inflated expectations for their home sale prices are finally being forced to realize that they may not get the premium they were hoping for. It's an interesting shift in the market.

 

Home Prices

 

Despite the slowing in sales, median home prices in Jacksonville are still up compared to last year. In September 2024, the median sale price was $310,000, representing a 3.3% increase year-over-year. This rise in home prices is consistent with the broader national trend of inflation affecting the cost of building materials and labor, which ultimately trickles down to home prices.

However, it's important to note that the pace of price increases has slowed significantly compared to previous years when home prices were soaring at much higher rates. While home values have not started dropping yet, it's clear that the market is adjusting.

 

Housing Supply

 

The number of homes available for sale in Jacksonville is also an important factor influencing the market. While I don't have specific data on the exact inventory levels, I know that Redfin data suggests that homes in Jacksonville are taking longer to sell than before. The **median days on market is now 60 days, a considerable increase from the 38 days last year. This lengthening of the sales cycle suggests that there is slightly more inventory on the market, giving buyers more time to compare properties and negotiate offers.

 

Market Trends

 

The Jacksonville housing market is currently in a state of transition. It's moving from a seller's market to a more balanced market, where buyers have slightly more leverage in negotiations. As we move through 2024 and into 2025, it will be interesting to see if the market continues to shift in favor of buyers or if it settles into a more stable equilibrium.

Here's a summary of some of the key market trends we've discussed:

  • Cooling Sales: The pace of home sales is slowing down.

  • Moderate Price Growth: Home prices are still up year-over-year, but the rate of increase has slowed down significantly.

  • Increasing Days on Market: Homes are taking longer to sell.

  • Shifting Balance: The market is shifting from a seller's market towards a more balanced market.

Is It a Buyer's or Seller's Housing Market?

As I mentioned previously, the Jacksonville housing market is transitioning from a seller's market to a more balanced market. While sellers still have the upper hand in certain niche areas or for highly desirable homes, buyers now have more options and a better chance of negotiating favorable terms.

In my experience, this means that buyers are no longer under intense pressure to make quick offers or waive contingencies. They can take their time, carefully consider their options, and potentially negotiate a lower price.

Are Home Prices Dropping?

While there is evidence of a slowing in home price appreciation, at the moment, I haven't seen widespread significant drops in Jacksonville. The market is adjusting to the new realities of higher interest rates and a slightly increased inventory.

It's important to consider that a drop in home prices is not necessarily a bad thing. In fact, a more moderate and sustainable market is generally healthier for the long-term stability of the community. However, it's crucial to monitor the market closely and stay informed about the current trends in your area of interest.

I always tell folks that it's a good idea to connect with a local real estate agent who can provide you with more specific insights into the neighborhoods and price points that you're looking at. They can give you a more detailed idea of what's happening in the local micro-markets that you're interested in.

Factors Influencing the Jacksonville Housing Market

Several factors are currently impacting the Jacksonville housing market.

Interest Rates: The Federal Reserve has been raising interest rates to combat inflation, which has made mortgages more expensive. This has slowed the demand for homes, particularly from buyers who are sensitive to rising borrowing costs.

Inflation: The overall economy is still experiencing inflationary pressures, affecting the cost of building materials, labor, and goods and services. This can impact both home prices and the affordability of buying a home.

Population Growth: Jacksonville's population is continuing to grow, which puts upward pressure on housing demand. The influx of new residents keeps a certain level of competition in the market, especially in desirable areas.

Economic Conditions: The broader economy can impact the Jacksonville housing market. If the economy slows down, unemployment rises, or businesses start to cut back, it could lead to reduced demand for homes.

Local Job Market: Jacksonville's job market is generally healthy, with many industries showing consistent growth. This can support demand for housing in the area and make it more attractive to those looking to relocate.

Inventory Levels: While the supply of homes for sale has increased slightly, it's not a flood of inventory. That may change in the months ahead.

New Construction: The development of new housing projects in Jacksonville is an important factor to keep in mind. Depending on the type and location of these projects, it could impact existing home values and the overall market.

 

Jacksonville Housing Market Forecast 2024-2025

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Predicting Future Trends

It's impossible to predict the future with certainty. Still, based on the current trends, I believe that the Jacksonville housing market will likely continue to moderate throughout 2024 and into 2025. While a crash isn't anticipated, it's likely that home values will dip slightly in the coming quarters. Let's dive deeper into the specifics of the forecast.

What Does the Data Say About Jacksonville Housing Prices in the Next Year?

I’ve been looking at data from credible sources to develop a clearer picture of the Jacksonville housing market forecast. The information is based on forecasts from Zillow. Keep in mind that forecasts are always subject to change, but it is helpful to understand the trends we are seeing.

 

Here's a snapshot of the anticipated changes:

PeriodExpected Annual Change in Home Prices

October 2024-0.3%

December 2024-1.3%

September 20250.1%

 

Based on this data, you can expect home values in Jacksonville to decrease by about 0.3% by October 2024 and fall by as much as 1.3% by the end of 2024. However, the forecast for the end of September 2025 indicates a slight uptick of 0.1%.

Looking Ahead to 2026 and Beyond

It's too early to give a definitive forecast for 2026 regarding Jacksonville housing prices. However, I would expect a more balanced market, with moderate price increases and potential opportunities for buyers. Factors such as the broader economic conditions, interest rates, and the local job market will ultimately play a role in determining future trends.

My Personal Insights on the Jacksonville Housing Market

In my opinion, the Jacksonville housing market is likely to experience a period of stabilization, with a slight cooling of home price appreciation. The current market has seen an increase in available homes, giving buyers more options. This increased inventory has moderated the rapid price appreciation of recent years. Plus, interest rates have also played a significant role in the current environment. We've seen mortgage rates fluctuate, affecting buyer demand.

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Here are some of my expectations:

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  • Gradual Price Stabilization: I anticipate that home price growth will continue to slow down and potentially even stabilize or experience a slight dip in certain segments of the market.

  • Balanced Market Conditions: I expect the market to transition further towards a more balanced state, with neither buyers nor sellers having an overwhelming advantage.

  • Increased Negotiation Opportunities: Buyers will likely have more room to negotiate prices and terms, especially when compared to the intense seller's market of recent years.

  • Impact of Interest Rates: The direction of interest rates will significantly impact the housing market. If interest rates begin to fall, it could reignite demand, but if they remain high or increase further, the market could experience a more sustained cooling.

In Conclusion

The Jacksonville housing market is in a period of adjustment and transition. After several years of strong growth, the market is cooling down, with sales slowing and price growth moderating. The market is becoming more balanced, giving buyers more opportunities to negotiate favorable terms.

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​​​Should You Invest in the Jacksonville Real Estate Market?

 

Florida's sunshine and beaches aren't the only things attracting interest. Jacksonville, Florida, has become a hot spot for real estate investors, with impressive growth and promising stability. Let's dive into the details and see if Jacksonville should be on your investment shortlist.

 

Solid Growth, Steady Appreciation of Jacksonville

 

The numbers are clear. Over the past ten years, Jacksonville real estate has soared by an impressive 137.67%. That translates to a consistent annual increase of a healthy 9.04%. This significant growth beats not only the state of Florida but the national average too. Jacksonville's real estate market has proven to be a winner for investors seeking long-term value.

 

Affordable Now, Prime Potential Later

 

Jacksonville offers a key advantage: affordability. Compared to other booming Florida markets, Jacksonville remains relatively accessible. The median listing price in Jacksonville in April 2024 is $315,000, which is lower than the national average. This affordability window presents an opportunity to invest before prices inevitably rise. As the city continues to thrive, so too will its real estate value, offering investors the potential for substantial returns down the road.

 

Jacksonville – A City on the Rise

 

Jacksonville's real estate market isn't just about speculation. The city itself is experiencing significant growth. A booming job market, especially in logistics and healthcare, is attracting new residents at a steady clip. The Jacksonville metropolitan area added over 20,000 new residents in 2023, and this growth is expected to continue. This population growth fuels demand for housing, creating a favorable environment for rental properties and potential future appreciation.

More Than Numbers: Jacksonville's Allure

While the numbers are undeniably attractive, Jacksonville offers more than just financial gain. The city has a vibrant culture, a thriving arts scene, and beautiful natural surroundings. Here's a glimpse of what

 

Jacksonville has to offer:

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  • Culture: Jacksonville boasts a unique blend of Southern charm and cosmopolitan energy. The city is home to numerous museums, art galleries, and theaters. The Jacksonville Jaguars NFL team and the Jacksonville Jumbo Shrimp minor league baseball team provide entertainment options for sports fans.

  • Arts: Jacksonville has a flourishing arts scene. The Cummer Museum of Art & Gardens houses an impressive collection of European and American art. The Museum of Contemporary Art Jacksonville showcases contemporary works by emerging and established artists. The Jacksonville Symphony Orchestra is one of the oldest orchestras in the Southeast United States.

  • Nature: Jacksonville is blessed with an abundance of natural beauty. The city's pristine beaches are perfect for swimming, sunbathing, and surfing. Kayak along the Intracoastal Waterway or explore the Timucuan Ecological and Historical Preserve. Jacksonville also has numerous parks and gardens, offering opportunities for relaxation and outdoor recreation.

 

Considering Jacksonville for Your Portfolio?

 

Jacksonville's real estate market presents a compelling opportunity for investors seeking a balanced mix of affordability, stability, and long-term growth potential. While some hot markets may offer the allure of quick flips, Jacksonville allows you to build a solid foundation for your investment portfolio.

The city's job market, though experiencing a slight cool-down in April 2024 with a 1.8% private sector job growth rate, still added over 12,500 jobs year-over-year. This indicates a stable job market with room for future growth.

The area's labor force also increased by 1.2% over the year in April 2024, suggesting a healthy population increase. This steady stream of renters, coupled with Jacksonville's potential for continued growth, makes it a good choice for investors looking for reliable rental income and long-term appreciation.

 

Bottom Line for Investors

 

Jacksonville's real estate market is a golden opportunity for informed investors. With its impressive track record, promising future, and attractive entry point, Jacksonville offers a chance to unlock significant value in the sunshine state. So, whether you're a seasoned investor or just starting out, Jacksonville is definitely worth a closer look.

Jacksonville has a strong economy, with a 3.7% unemployment rate that matches the national average. In 2021, The Wall Street Journal ranked Jacksonville as the fifth hottest job market in the United States and the top market in Florida. The city's economy is driven by its naval bases, which are the third largest military installation in the country, and other large employers like CSX Corporation, Landstar System, and Southeastern Grocery.

 

Jacksonville's Best Neighborhoods Buying a House (or Investment)

 

Jacksonville's real estate market is sizzling, and some neighborhoods are hotter than others. If you're an investor looking for areas poised for significant growth, look no further than these top appreciating neighborhoods (Neighborhoodscout):

 

1. Biltmore: This revitalized historic district boasts stunning Spanish Revival architecture and a vibrant community. Over the past five years, Biltmore's property values have skyrocketed, making it a prime location for investors seeking long-term gains.

2. Paxon/Commonwealth: This up-and-coming area is undergoing a major transformation. With a mix of restored bungalows and new construction, Paxon/Commonwealth offers a unique blend of charm and affordability. Investors can capitalize on the area's potential for significant appreciation as revitalization efforts continue.

3. Edgewood: This historic neighborhood, located just outside downtown Jacksonville, is experiencing a resurgence. With its tree-lined streets and beautiful architecture, Edgewood offers a desirable living environment. Investors can expect to see healthy returns on their investment in Edgewood's flourishing market.

4. Allendale/Grand Crossing: This revitalized area near Ed Duval Park offers a mix of historic homes and modern amenities. Property values in Allendale/Grand Crossing have risen steadily in recent years, and the trend is expected to continue. Investors looking for a stable yet appreciating market should consider this area.

5. Woodstock: This eclectic neighborhood, bordering Riverside and Avondale, boasts a vibrant arts scene and trendy shops. Property values in Woodstock have grown significantly over the past five years, making it a lucrative option for investors.

6. Durkeeville/Edward Waters College: This historically black neighborhood is experiencing a renewal. With Edward Waters College acting as a community anchor, Durkeeville/Edward Waters College is poised for future growth. Investors seeking value and long-term appreciation should keep an eye on this area.

7. Lackawanna: This quiet neighborhood on the Northside offers a mix of affordable housing options. While Lackawanna may not have the same cachet as some other neighborhoods on this list, its potential for future appreciation shouldn't be overlooked. Investors seeking a more under-the-radar option with good upside might find Lackawanna attractive.

8. Edgewood Manor: Located near the Jacksonville International Airport, Edgewood Manor offers convenient access to transportation hubs. The neighborhood boasts a mix of single-family homes and apartments, making it attractive to a wide range of renters. Investors looking for a steady rental income and potential for appreciation can find value in Edgewood Manor.

9. Grand Crossing North: Bordering Grand Crossing, this revitalized neighborhood offers a mix of historic bungalows and new construction. Property values in Grand Crossing North have been steadily increasing, and the trend is likely to continue. Investors seeking to capitalize on an area on the rise should consider Grand Crossing North.

10. Moncrief Park: This historic neighborhood is undergoing a significant revitalization effort. With its proximity to downtown Jacksonville and growing cultural scene, Moncrief Park offers exciting possibilities for investors. While there may be some initial legwork involved, the potential for long-term appreciation is substantial.

Remember: While past performance is an indicator, it doesn't guarantee future results. Before investing in any neighborhood, conduct thorough research, consider your investment goals, and consult with a qualified real estate professional.

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