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Jacksonville
Market Report
Jacksonville, Florida Market Report
As the continental United States largest city by land mass, Jacksonville (Duval County) boasts impressive investor property purchase opportunities. In 2018, Forbes ranked Jacksonville as the third most affordable city in the country. One of the largest factors for this attractive cost of living is the relatively low cost of real estate in the market.
Jacksonville’s impressive growth potential makes it a valuable area. Over the next 5 years:
- Family growth is projected to increase by 1.13%
- Household growth is projected to increase by 1.20%
- Total Population growth is projected to increase by 1.22%
Compared to the past ten years, Jacksonville’s young population is quickly growing.
Jacksonville has seen a 2.8% increase in the job market over the last year.
Future job growth over the next ten years is set to be 44.4%
Jacksonville’s population makes it the largest city in Florida, and the 13th largest city in the US.
Florida is the 4th largest economy in the US. Jacksonville is the largest city in the continental US, it has been ranked by Forbes as the 7th best city for future job growth and the 8th biggest city with the fastest economy. Jacksonville’s rich history contributes to making it a desirable place to call home.
-Jacksonville was named for General Andrew Jackson, the first military governor of Florida.
-Duval Street, like the county was named for William Pope Duval, the first Territorial Governor of Florida.
-Isiah Hart, who founded Jacksonville, named two of the city’s first streets for his daughters, Julia and Laura.
-Hemming Park, the city’s oldest public park is named for Charles C. Hemming.
-The Mayport Ferry is Florida’s only public auto ferry.
-The St. Johns River is one of just a few rivers that flows north instead of south.
-The eclectic Five Points area, with unique shops an dining experiences, is named for its landmark five-way intersection.
-The military employs over 30,000 active-duty personnel and nearly 20,000 civilians in the Jacksonville area.
-As of 2020, the median age in Northeast Florida is 39 years old – younger than all major cities in Florida
Jax is experiencing faster job growth than most other U.S. cities today. It’s likely this trend will continue as people and businesses continue moving to the area for its year-round sunshine, open space, and low taxes.
With a large population and land mass comes a large tenant pool. About 44% of Jacksonville residents are renters. This makes it easy to see why many investors would be interested in the housing market in Jacksonville, FL.
The trend in the Jacksonville’s real estate market is affordability. Affordable investment properties are a staple of many Florida markets, but it is particularly true with the Jacksonville housing forecast. Your return on investment will continue to increase over the time that you buy and hold your properties.
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LOCATION
beaches
shopping
museums
Offering pleasant year-round weather, various amenities, water sports and retail shopping, this area has everything needed to make it a great area for real estate investing. There are almost twenty different museums in Jacksonville with a guarantee that you will learn something new with each visit! In addition to the arts, historical and cultural scene, you are close to the ocean, many popular golf courses, and a few wildlife sanctuaries. There is a large retail sector here as well including some of the most popular stores and brands. All these features make this an attractive market for tenants to live and work, making it a great place to invest in real estate!
JACKSONVILLE
Southern Impression Homes, along with SunCoast Property Management are transforming the property management and the build-to-rent industry by affording investors the connection between quality investments and a superior level of dedicated management services
Vinyl Plank Flooring
Stainless Steel Appliances
Granite or Quartz Countertops
in Kitchen & Baths
Attractive Exteriors
About Us
Southern Impression Homes is dedicated in designing and building homes with the highest form of quality possible. Along with incorporating craftsmanship, beauty, and functionality into our homes, we aim to develop a sense of community as well as creating long lasting relationships with our customers. We strive to make your experience in home buying and leasing stress free, with a high level of customer service.
Suncoast Property Management is a full-service real estate firm, currently managing approximately 2000 properties across Florida and Georgia including Jacksonville, St. Augustine, Palm Coast, Ocala, Cape Coral, Punta Gorda and the Greater Atlanta Area. We offer full services for: Turn, Renovation, Collections (including field collections), Maintenance, Field Maintenance Technicians, Accounting, Marketing, Application Processing, and dedicated Leasing Agents. Suncoast utilizes a wide variety of tools to syndicate our rental listings to hundred of online websites such as; our website, ShowMojo, Zillow, Hot Pads, Trulia, Realtor.com. We also utilize self-entry lockboxes and the Multiple Listing Service. Our Owners have 24/7 access to their online Owners Portal where they can find their Monthly Accounting Statements, Delinquency Report, Open and Closed Maintenance Request, all documents pertaining to any active lease, community messages from the Staff of Suncoast, and the ability to make contributions when necessary.
Chris Funk
President & CEO
Peggy Funk
Broker
Maile Ott
Director of Operations
Southern Impression Homes
Carter Funk
Managing Partner
Leslie Adamson
CFO
Ariane Godby
Sales & Marketing Supervisor
We would love to speak with you, in detail, about our property management services and how we may benefit your portfolio. Please schedule a day/time with our Investor Relations Manager to speak with you about our services and answer any questions that you may have prior to joining our Property Management Family.
