With over 21 million residents in 283 cities, Florida ranks third in the US regarding population. Many people want to move to Florida because of its sunny coastline. Whether you want to buy a home in Florida for yourself or as an investor, certain neighborhoods are better choices than others.
Florida housing prices are rising, yet excellent deals are still found. An important factor to look out for when buying a home in Florida is whether property prices in that area are appreciating.
Best Places to Buy a Home in Florida
Florida’s median property price is $463,283 ($257/square foot), and experts project 2020 growth to be only 1.8%. This slow pace is because of the multiple hurricanes in Florida in the last couple of years.
Check out our list of top 10 Neighborhoods in Florida, chosen with these factors in mind:
- High appreciation rates
- Income to home price affordability
Poinsettia Heights, Fort Lauderdale
Home values have shot up within the last year in Poinsettia Heights and do not appear to be falling soon. It is still a relatively affordable neighborhood and has amenities that can fit different lifestyles. Miami is just an hour away for commuters, and housing options are abundant, ranging from condos to a two-bedroom bungalow by the water.
Lake Nona, Orlando
An array of housing options are available for buyers. Townhomes to gated communities can be found in Lake Nona, Orlando, and the median home price is $407,000, lower than the state average. The most attractive facet of this neighborhood is how green it is, with $7,000 acres of green space.
The housing market here is heating up, but for now, the median listing price is $360,000. Young adults are particularly attracted to the area because of how great it is for starting a family. Its population is almost 41,000 people, and the average age is 36.
Wynwood, Miami is renowned for its fashion, music, and arts scene. It also has an impressive selection of breweries and restaurants. Though the average home listing is $535,000, they usually go for less.
Liberty City, Miami
Liberty City is a great area for young adults as they can find affordable homes in the area. The average listing price is $210,000, and compared to other neighborhoods in Miami, its population is low. It is loved for how everywhere in Miami is a short commute away.
Hunter’s Green, Tampa
People with young kids love Hunter’s Green, Tampa because of its abundant parks. The average home price is $310,000.
Seminole Heights, Tampa
Known for its historic buildings, Seminole Heights makes it to the top 10 neighborhoods in Florida list. Average yearly household income is $51,200, while the listing is $305,000. Crime rate is low, and it is an hour and a half away from Orlando by car.
Buying a home in Aventura is a great idea because of its accessible transit and nearness to beaches. Average yearly income is $46,100, while home price is $329,500 though listings are higher at a median of $400,000.
The Milk District, Orlando
This district was named so because of a dairy business established in the 50s by a college graduate. Now, it is known for its booming live music scene and numerous amazing restaurants. Despite its popularity, you can buy a home for $280,000 – $450,000. Lake Apopka and Palm bay are 40 minutes and an hour away, respectively.
Flagler Village, Fort Lauderdale
Anyone that wants to buy a home in Florida needs to consider Flagler Village, Fort Lauderale. Although it is better known as a warehouse district, this has caused it to flourish with studios, restaurants, and breweries. Prices vary from $325,000 – $510,00. Only 15 minutes away is Central Beach.