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Palm Coast Market Report
A newer city in Florida, Palm Coast was incorporated in 1999. This city is located along the Atlantic Ocean just to the south of St Augustine and north of Daytona Beach. It’s a very attractive location for those seeking a home close to the beach and the water.
Palm Coast offers a growing economy and population and it’s expected to become one of the top fastest-growing areas in the entire state. With a mixture of natural preserves and luxury golf resorts, Palm Coast provides a tourist destination filled with potential.
It’s known for incredible golf courses, amazing water activities, and plenty of things to do. Living in Palm Coast offers all types of outdoor activities from mountain biking to camping to golfing to fishing.
Rental Potential in Palm Coast
As a city prime to become one of the fastest-growing in Florida, Palm Coast is expected to see nearly 44% job growth over the next ten years. It’s a vibrant city with plenty of opportunities for those seeking a great location for investment properties.
Palm Coast offers an affordable real estate market with about 28% of the residents renting throughout the area. This makes it a great option for investors seeking to buy and hold properties for a high return on investment.
Build-to-Rent Projects in Palm Coast
At Southern Impression Homes, we have partnered with SunCoast Property Management to create an attractive build-to-rent program for investors. We are a company built by investors for investors and our build-to-rent properties offer several benefits compared to a turnkey home.
With a higher rent growth rate, lower vacancy rate, and lower turnover expense per year, build-to-rent projects offer a better investment. We use the right finishes to ensure the property is poised to attract great tenants.
Since we work with SunCoast Property Management, the entire process is streamlined. When you invest in a build-to-rent project with us, you gain access to an entire team ready to manage your properties for you. We work hard to make sure your investment provides the long-term gains you desire.
