2019 MARKET OVERVIEW

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• Market Overview

אוכלוסיית מטרו:

1.5 M

הכנסה ביתית חציונית:

$47,000

שיעור אבטלה:

3.4%

חציון מחיר הבית:

$141,000

חציון דמי שכירות חודשי:

$1,150

Located on the eastern coast of Florida, Jacksonville lines both banks of the St. Johns River – the longest river in Florida and also one of only two rivers in North America that flows north instead of south.

In the past 10 years, the Jacksonville metro area has grown by a whopping 20%. To date, there are 1.3 million people living in this area and more continue to come every year. In fact, Jacksonville’s population has been steadily increasing at a rate of 2% per year, and its workforce is expanding at twice the national average.

There are many factors that explain this growth. Firstly, Jacksonville is the only Florida city that is home to four Fortune 500 companies. The region also has a world-class health care system, with more than 20 hospitals and a growing bioscience community. Additionally, 13 of Forbes Global 500 have operations in Jacksonville.

With a cost of living below the national average, wonderful climate and business-friendly environment, we believe Jacksonville is one of the best real estate markets in the country.

More To Love About Jacksonville:

• The population in Jacksonville has grown 24.1% in population since 2000, which is higher than Miami’s 16.4% and Tampa’s 19.8%.
• Future job growth in Jacksonville is predicted to be 39.21% over the next 10 years.
• The expansion of the Panama Canal is helping to bring jobs into the Jacksonville area ports, which is likely to lead to even more population growth.
• The Jacksonville metro also has a world-class health care system with more than 20 hospitals and a growing bio-science community.

מדוע להשקיע כאן?

Jacksonville offers great opportunities for investors today, especially those looking for an affordable investment, a strong cash flow opportunity, and long-term economic stability. Bonus: Although Florida is known as a hurricane hotspot, Jacksonville has only been directly hit by a hurricane one time in the last 145 years.

• Trends

סקירה כללית מגמות בשוק הדיור מגמות באוכלוסייה תעסוקה מסקנות סקירה כללית

Jacksonville Trends & Statistics 2018-2019

In this section, you’ll learn about the top factors that make Jacksonville one of the strongest real estate markets of 2017, including: affordability, rental income and cash flow, and equity growth potential. Explore Jacksonville’s housing market, population, and employment trends in the tabs to learn more.

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Data Sources :

• https://www.zillow.com/jacksonville-metro-fl_r394714/home-values/
• Real Wealth Network Affiliate Data
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/florida/jacksonville/

מגמות בשוק הדיור

Jacksonville real estate prices are more affordable than many other U.S. cities today.

• In January 2018 the median price of 3 bedroom homes in Jacksonville was $171,000. This is 15% lower than the national average of $202,000.
• In the neighborhoods where RWN members invest the median price of 3 bedroom homes in Jacksonville was $141,000 in January 2018. This is 30% lower than the national average of $202,000.
• This shows us that property values in Jacksonville are more affordable than many other U.S. cities today. This is especially true in the neighborhoods where RWN members are investing.

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In some Jacksonville neighborhoods, it’s possible to generate strong monthly income.

• In January 2018 the median monthly rent 3 bedroom homes in Jacksonville was $1,200, which is 0.72% of the median purchase price of $171,000. This is slightly higher than the national purchase-to-rent ratio of 0.71%.
  In the neighborhoods where RWN members invest the median monthly rent for 3 bedroom homes was $1,150 in January, which is 0.82% of the $141,000 purchase price.
• This shows us that the Jacksonville metro area offers investors the opportunity to generate more rental income than many other U.S. cities today, especially in the areas where RWN members invest.
• Bonus: In addition to affordable home prices and high monthly rents, Jacksonville also has no state income tax and one of the lowest property tax rates in the nation. This is another great indication that JAX offers a strong cash flow opportunity.

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Over the last six years, Jacksonville home values have appreciated at a slightly faster rate than other cities across the nation.

• In January 2012 median price of 3 bedroom homes in Jacksonville was $108,,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Jacksonville have appreciated by 42%. This is slightly higher than the 41% appreciation average for 3 bedroom homes nationwide.

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Over the last six years, the median monthly rent for three bedroom homes has increased less than the national average.

• In January 2018 the median price of 3 bedroom homes in Jacksonville was $171,000. This is 15% lower than the national average of $202,000.
• In the neighborhoods where RWN members invest the median price of 3 bedroom homes in Jacksonville was $141,000 in January 2018. This is 30% lower than the national average of $202,000.
• This shows us that property values in Jacksonville are more affordable than many other U.S. cities today. This is especially true in the neighborhoods where RWN members are investing.

מגמות באוכלוסייה

Jacksonville’s population is growing significantly faster than the national average.

• Between January 2010 and 2017 Jacksonville’s population increased by just under 12%. This is 118% faster population growth than the national average.
• This shows us that the demand for housing should continue to rise in Jacksonville. More people = more renters and more buyers. More renters and more buyers = higher rents and home values.

תעסוקה

Jacksonville is creating jobs at a faster rate than other cities in the United States today.

• In the last year, Jacksonville created almost 22,000 jobs — an annual growth rate of over 3.0%. This is 82% higher than the U.S. annual job growth rate of 1.73%.
• This shows us that 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 (zero income tax and a flat corporate tax rate of only 5.5%).

מסקנות

Jacksonville is Affordable

• In the neighborhoods where RWN members invest the median price of 3 bedroom homes in Jacksonville was $141,000 in January 2018. This is 30% lower than the national average of $202,000.
• This shows us that property values in Jacksonville are more affordable than many other U.S. cities today. This is especially true in the neighborhoods where RWN members are investing.

JAX is Great for Cash Flow

• In the neighborhoods where RWN members invest the median monthly rent for 3 bedroom homes was $1,150 in January, which is 0.82% of the $141,000 purchase price.
  
  This shows us that the Jacksonville metro area offers investors the opportunity to generate more rental income than many other U.S. cities today, especially in the areas where RWN members invest.
• Jacksonville also has lower taxes than most of the country — zero income tax and a flat corporate tax rate of only 5.5% — which are positive factors in creating a strong cash flow opportunity.

Jacksonville is Growing Quickly

• Between January 2010 and 2017 Jacksonville’s population increased by just under 12%. This is 118% faster population growth than the national average.
• This shows us that the demand for housing should continue to rise in Jacksonville. More people = more renters and more buyers. More renters and more buyers = higher rents and home values.
• In the last year, Jacksonville created almost 22,000 jobs — an annual growth rate of over 3.0%. This is 82% higher than the U.S. annual job growth rate of 1.73%.
• This shows us that 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 (zero income tax and a flat corporate tax rate of only 5.5%).

Jacksonville Equity Growth is Likely

• In January 2012 median price of 3 bedroom homes in Jacksonville was $108,,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Jacksonville have appreciated by 42%. This is slightly higher than the 41% appreciation average for 3 bedroom homes nationwide.
  
  Between January 2012 and January 2018 the average rent for 3 bedroom homes in Jacksonville increased by 15%. This is a slightly lower increase than the national average of 17% during this period.
  
  All of this shows us that Jacksonville is still affordable for buyers and renters, but it probably won’t stay like this affordable for long. If the population continues to grow rapidly — which seems likely — it’s only a matter of time before demand overtakes supply, driving up home values and rents.

• Major Employers

• News

• "#1 Hottest Real Estate Market to Watch in 2017" - Forbes
• "#5 in America’s Fastest Growing Cities in 2017" - Forbes
• "#7 Best City for Future Job Growth" - Forbes
• "#8 Biggest US City with Fastest-Growing Economy" - Forbes

• Learning Resources

• Property Teams

הידוע בעיקר בזכות הפיאסטה הבלונית השנתית שלה וכמסגרת המופע להופעה של AMC "שוברים רע", אלבוקרקי, ניו מקסיקו, הוא אזור מטרופולין עשיר בתרבות ויפה באופן טבעי. אלבוקרקי היא גם אחת הערים הגדולות בדרום-מערב העיר, עם אוכלוסייה מגוונת וכמה ממפעלי המחקר ההיי-טק המובילים במדינה, כולל מעבדות סנדיה הלאומית, אינטל ואוניברסיטת ניו מקסיקו. במקביל, המסורות התרבותיות שלה ממשיכות להיות חלק מהותי מחיי היומיום בעיר. עם רגל אחת בעבר, רגל אחת בהווה ושתי העיניים לעתיד, אלבוקרקי הוא מקום מרתק לבקר בו ומקום טוב עוד יותר להתקשר אליו הביתה. (מקור: (https://www.visitalbuquerque.org/about-abq/history/)

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• Sample Properties

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• Member Relations

Lior Lustig

Lior Lustig Chief Executive - The Realestate Investor Forum

• [email protected]
• 072 - 257-7374
• (978) 600-8229

שיחת ייעוץ של 15 דקות

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.