Top Places in Florida to Invest in Real Estate

The Florida housing market is rapidly on the rise, and as it continues to improve, more real estate investors are taking a look at the possibilities in the area. Known for decades as the ideal vacation and retirement state, many people dream of moving to this area. As with any investment, however, it is important to put your money in the right place. Here are the top places in Florida to invest in real estate.

Doral

Doral is a prime place to get involved in the property investment game. It has a very low cost of living and an unemployment rate of only 4.4 percent, significantly below the state average. The population is growing as it becomes a destination spot. It is located in Miami-Dade County and over a three year period starting in 2010, it saw a population gain of nearly 15 percent. That means a lot of potential buyers for your property.

Bal Harbour

Ball Harbour is a very small community of less than 3,000 people, but it is hotly sought after by higher income individuals. Properties in this area do not stay on the market for very long and can approach nearly $350 per square foot. It’s a great place to restore and resell a property to make a big buck quickly.

Homestead

Property values are skyrocketing in this city, but the overall cost of living remains very affordable. This means a very stable and improving housing market with tons of people looking to buy property. Where Bal Harbour is great for big profits, Homestead is a wonderful area for stable, steadily increasing revenue.

Miami Lakes

Again, this is a region where nearly 60 percent of the properties are increasing in value, and where vacant properties are down. Investors may pay more for properties in this area, but they will also sell at a much higher value. Consider this a mid-range region when it comes to purchase price and profit.

Marianna

Marianna is an up-and-coming area. The price of properties is very low, but the population is rapidly on the rise, up nearly 30 percent in the past few years. If you are looking to invest in real estate, it is never bad to get in on a region like this. Buy low and sell high as more and more people look to move into Marianna.

Hialeah Gardens

With a population of over 22,000, this region has a very high market health. Houses do not sit on the market for long in this area, meaning it’s a great way to make a fast turnaround on your sales. The real estate in this area looks to remain very stable for some time to come. If you are looking for constancy in your investments, this is a good place to be.
As you begin to invest in real estate, Florida offers many great opportunities. Do not forget, however, to purchase prime title insurance for your new properties. For more information on title insurance, take a look at our services overview, and email us at [email protected] or call (305) 901-5628.