Jacksonville, FL

Population: 853,382
Average annual home appreciation rate: 18.09%
Total of homes for sale in this market: 3,100
Median home price: $167,020
Median Rent: $1,037
Home price range: 41.97% of homes are between $114,001 – $228,000
Median sales price: $109,000
Number of homes: 6,022
Median foreclosure sales price: $67,000
Foreclosure discount: 39%
Most common home type: 60.94% of homes are single family detached
Number of vacant homes: 15.10%
Number of renters: 39.75%
Number of owner occupied: 60.25%
Number people living below poverty level: 17.25%
Unemployment rate: 5.10%
Is this area perfect for real estate deals going on right now? Jacksonville still shows promise for the savvy investor. To show some high points, check these out: 1. Lower overall home prices 2. Higher than national average rental rates 3. Multiple vacant properties (Huge discounts for cash investors from motivated sellers) 4. More “troubled” properties available on the market than homes for sale. (Could lead to huge discounts for cash buyers) There are many other factors, but these are just some that would help an investor see that there are many opportunities for investment in this market.

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